Chewy (NYSE:CHWY – Get Free Report) was upgraded by analysts at Rosenblatt Securities to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.
CHWY has been the subject of several other research reports. JPMorgan Chase & Co. reduced their price objective on shares of Chewy from $35.00 to $29.00 and set an “overweight” rating for the company in a research note on Thursday, June 11th. Bank of America cut their price objective on Chewy from $33.00 to $31.00 in a research note on Thursday, June 11th. Royal Bank Of Canada decreased their target price on Chewy from $47.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, June 11th. Raymond James Financial restated a “buy” rating on shares of Chewy in a research note on Wednesday, June 10th. Finally, Mizuho lowered their price target on Chewy from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.73.
Get Our Latest Stock Analysis on Chewy
Chewy Stock Performance
Insider Buying and Selling
In other Chewy news, General Counsel Da-Wai Hu sold 4,203 shares of Chewy stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $19.49, for a total transaction of $81,916.47. Following the sale, the general counsel directly owned 4,103 shares of the company’s stock, valued at approximately $79,967.47. The trade was a 50.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Chewy
Hedge funds and other institutional investors have recently modified their holdings of the stock. Harbour Investments Inc. boosted its stake in Chewy by 81.4% in the 4th quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock valued at $30,000 after buying an additional 407 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in Chewy during the second quarter worth $30,000. Los Angeles Capital Management LLC acquired a new position in Chewy during the fourth quarter worth $31,000. Modus Advisors LLC bought a new position in shares of Chewy during the fourth quarter valued at $34,000. Finally, Montag A & Associates Inc. lifted its holdings in shares of Chewy by 58.8% during the fourth quarter. Montag A & Associates Inc. now owns 1,270 shares of the company’s stock valued at $42,000 after acquiring an additional 470 shares during the period. Institutional investors own 93.09% of the company’s stock.
About Chewy
Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.
Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.
Featured Stories
- Five stocks we like better than Chewy
- Coherent Stock Is Cooling Off Just as Its AI Thermal Opportunity Heats Up
- Moderna’s 177% Surge Has Investors Asking What Comes Next
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
Receive News & Ratings for Chewy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chewy and related companies with MarketBeat.com's FREE daily email newsletter.
