Chewy, Inc. (NYSE:CHWY) Receives $27.07 Consensus Target Price from Analysts

Chewy, Inc. (NYSE:CHWY) has received an average rating of “Moderate Buy” from the twenty-two ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $27.07.

A number of analysts have weighed in on the company. Needham & Company LLC increased their target price on Chewy from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Citigroup increased their target price on Chewy from $16.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Evercore ISI increased their target price on Chewy from $19.00 to $22.00 and gave the stock an “in-line” rating in a research note on Friday, May 31st. UBS Group increased their target price on Chewy from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Finally, Raymond James increased their target price on Chewy from $19.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, May 30th.

Insider Buying and Selling at Chewy

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 1,338,262 shares of Chewy stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $30.32, for a total value of $40,576,103.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Chewy news, major shareholder Argos Holdings Gp Llc sold 1,338,262 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $30.32, for a total value of $40,576,103.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sumit Singh sold 14,338 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $22.24, for a total value of $318,877.12. Following the completion of the sale, the chief executive officer now directly owns 1,398,271 shares of the company’s stock, valued at approximately $31,097,547.04. The disclosure for this sale can be found here. Insiders have sold 18,906,141 shares of company stock worth $540,973,233 over the last quarter. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Chewy

Several institutional investors have recently added to or reduced their stakes in CHWY. Arizona State Retirement System boosted its holdings in Chewy by 5.0% in the fourth quarter. Arizona State Retirement System now owns 33,305 shares of the company’s stock worth $787,000 after acquiring an additional 1,593 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Chewy during the fourth quarter worth about $13,610,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of Chewy by 347.6% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 79,265 shares of the company’s stock worth $1,909,000 after purchasing an additional 61,556 shares during the period. HBK Sorce Advisory LLC acquired a new stake in shares of Chewy during the fourth quarter worth about $216,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Chewy by 15.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,022 shares of the company’s stock worth $95,000 after purchasing an additional 543 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Stock Up 3.5 %

Shares of CHWY opened at $25.56 on Thursday. The company has a market cap of $11.12 billion, a PE ratio of 142.00, a P/E/G ratio of 3.48 and a beta of 1.03. The business has a fifty day moving average of $24.89 and a 200 day moving average of $19.77. Chewy has a 52-week low of $14.69 and a 52-week high of $39.10.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, May 29th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.85 billion. Chewy had a return on equity of 16.62% and a net margin of 0.73%. As a group, research analysts anticipate that Chewy will post 0.23 earnings per share for the current fiscal year.

Chewy Company Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications.