Chewy, Inc. (NYSE:CHWY) Given Average Rating of “Moderate Buy” by Brokerages

Chewy, Inc. (NYSE:CHWY) has received an average rating of “Moderate Buy” from the twenty-one ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $26.31.

Several brokerages have commented on CHWY. Wedbush raised their target price on shares of Chewy from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Raymond James raised their target price on shares of Chewy from $19.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Piper Sandler raised their target price on shares of Chewy from $16.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. UBS Group raised their target price on shares of Chewy from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Finally, Bank of America decreased their target price on shares of Chewy from $17.00 to $16.50 and set an “underperform” rating for the company in a report on Thursday, March 21st.

Insider Activity

In other news, CEO Sumit Singh sold 6,728 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total transaction of $104,485.84. Following the sale, the chief executive officer now directly owns 129,991 shares of the company’s stock, valued at $2,018,760.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Chewy news, CEO Sumit Singh sold 6,728 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total value of $104,485.84. Following the transaction, the chief executive officer now directly owns 129,991 shares of the company’s stock, valued at $2,018,760.23. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Stacy Bowman sold 8,025 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total transaction of $124,628.25. Following the completion of the transaction, the chief accounting officer now directly owns 243,769 shares in the company, valued at $3,785,732.57. The disclosure for this sale can be found here. Insiders have sold 68,862 shares of company stock valued at $1,047,242 over the last three months. 2.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Chewy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Headinvest LLC bought a new position in shares of Chewy during the third quarter worth $39,000. Quest Partners LLC acquired a new stake in shares of Chewy during the fourth quarter worth $65,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Chewy during the first quarter worth $65,000. EntryPoint Capital LLC raised its holdings in shares of Chewy by 18.0% during the first quarter. EntryPoint Capital LLC now owns 4,066 shares of the company’s stock worth $65,000 after acquiring an additional 619 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of Chewy by 37.8% during the fourth quarter. Signaturefd LLC now owns 3,358 shares of the company’s stock worth $79,000 after acquiring an additional 922 shares during the period. 93.09% of the stock is owned by institutional investors.

Chewy Stock Performance

Shares of NYSE:CHWY opened at $26.02 on Wednesday. The stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of 144.56, a price-to-earnings-growth ratio of 3.67 and a beta of 0.99. Chewy has a 1-year low of $14.69 and a 1-year high of $40.22. The company’s fifty day moving average is $18.15 and its two-hundred day moving average is $18.53.

Chewy (NYSE:CHWY) last released its quarterly earnings data on Wednesday, May 29th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. Chewy had a net margin of 0.73% and a return on equity of 16.62%. The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Sell-side analysts expect that Chewy will post 0.2 EPS 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.