Chewy (NYSE:CHWY) Given New $32.00 Price Target at Guggenheim

Chewy (NYSE:CHWY) had its target price lifted by Guggenheim from $25.00 to $32.00 in a research note issued to investors on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. Mizuho raised their target price on shares of Chewy from $18.00 to $20.00 and gave the company a neutral rating in a report on Monday, June 10th. Jefferies Financial Group decreased their price objective on shares of Chewy from $27.00 to $25.00 and set a buy rating on the stock in a research note on Thursday, March 21st. JPMorgan Chase & Co. boosted their price objective on shares of Chewy from $22.00 to $28.00 and gave the company an overweight rating in a research report on Thursday, May 30th. Morgan Stanley raised their target price on Chewy from $27.00 to $28.00 and gave the company an overweight rating in a report on Thursday, May 30th. Finally, Bank of America lowered their price target on Chewy from $17.00 to $16.50 and set an underperform rating for the company in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $26.50.

Chewy Trading Down 6.2 %

Shares of CHWY stock opened at $27.24 on Friday. The stock has a market cap of $11.85 billion, a P/E ratio of 151.33, a price-to-earnings-growth ratio of 4.43 and a beta of 1.00. Chewy has a 1 year low of $14.69 and a 1 year high of $39.78. The stock has a 50 day simple moving average of $19.83 and a 200 day simple moving average of $18.99.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, May 29th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.11. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Chewy had a return on equity of 16.62% and a net margin of 0.73%. Analysts forecast that Chewy will post 0.22 EPS for the current year.

Insider Activity at Chewy

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 17,550,000 shares of Chewy stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $28.49, for a total transaction of $499,999,500.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CTO Satish Mehta sold 8,019 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $15.12, for a total transaction of $121,247.28. Following the completion of the sale, the chief technology officer now directly owns 569,594 shares in the company, valued at $8,612,261.28. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Argos Holdings Gp Llc sold 17,550,000 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $28.49, for a total transaction of $499,999,500.00. The disclosure for this sale can be found here. Insiders sold 17,618,862 shares of company stock worth $501,046,742 over the last three months. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Chewy

Large investors have recently bought and sold shares of the business. Headinvest LLC bought a new stake in shares of Chewy during the 3rd quarter valued at about $39,000. Quest Partners LLC acquired a new position in Chewy in the fourth quarter valued at approximately $65,000. Future Financial Wealth Managment LLC bought a new position in shares of Chewy during the 1st quarter worth approximately $65,000. EntryPoint Capital LLC grew its position in shares of Chewy by 18.0% during the 1st quarter. EntryPoint Capital LLC now owns 4,066 shares of the company’s stock worth $65,000 after buying an additional 619 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Chewy by 37.8% in the 4th quarter. Signaturefd LLC now owns 3,358 shares of the company’s stock valued at $79,000 after acquiring an additional 922 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

About Chewy

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.