Chewy, Inc. (NYSE:CHWY) Receives $29.11 Average Price Target from Analysts

by · The Markets Daily

Shares of Chewy, Inc. (NYSE:CHWY – Get Free Report) have been given an average recommendation of “Moderate Buy” by the twenty-one research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $29.11.

Several brokerages have weighed in on CHWY. Royal Bank of Canada upped their target price on Chewy from $24.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Raymond James lowered Chewy from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 21st. Wedbush reaffirmed an “outperform” rating and issued a $35.00 target price on shares of Chewy in a research report on Thursday, August 29th. Evercore ISI upped their target price on Chewy from $22.00 to $29.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. Finally, Piper Sandler reissued an “overweight” rating and set a $35.00 price objective on shares of Chewy in a report on Friday, September 20th.

Get Our Latest Stock Report on Chewy

Chewy Trading Up 0.5 %

Shares of Chewy stock opened at $28.98 on Friday. The stock has a 50-day moving average price of $27.26 and a 200 day moving average price of $22.58. The company has a market cap of $12.60 billion, a P/E ratio of 161.00, a P/E/G ratio of 2.98 and a beta of 1.04. Chewy has a 1 year low of $14.69 and a 1 year high of $39.10.

Chewy (NYSE:CHWY – Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. Chewy had a return on equity of 21.00% and a net margin of 3.20%. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.86 billion. On average, equities analysts forecast that Chewy will post 0.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chewy news, CEO Sumit Singh sold 14,338 shares of Chewy stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $22.24, for a total value of $318,877.12. Following the transaction, the chief executive officer now directly owns 1,398,271 shares of the company’s stock, valued at approximately $31,097,547.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Sumit Singh sold 14,338 shares of Chewy stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $22.24, for a total transaction of $318,877.12. Following the sale, the chief executive officer now owns 1,398,271 shares of the company’s stock, valued at approximately $31,097,547.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Satish Mehta sold 2,894 shares of Chewy stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $22.24, for a total value of $64,362.56. Following the sale, the chief technology officer now directly owns 573,463 shares in the company, valued at approximately $12,753,817.12. The disclosure for this sale can be found here. Insiders have sold a total of 26,888,627 shares of company stock valued at $790,397,620 in the last three months. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Chewy

Several institutional investors have recently modified their holdings of CHWY. 1620 Investment Advisors Inc. acquired a new stake in Chewy in the 2nd quarter valued at $33,000. Industrial Alliance Investment Management Inc. acquired a new stake in Chewy in the 2nd quarter valued at $44,000. First Horizon Advisors Inc. acquired a new stake in Chewy in the 2nd quarter valued at $48,000. Skylands Capital LLC acquired a new stake in Chewy in the 2nd quarter valued at $52,000. Finally, Quest Partners LLC acquired a new stake in Chewy in the 4th quarter valued at $65,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Company Profile

(Get Free Report

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.

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