Chewy, Inc. (NYSE:CHWY) Receives Consensus Rating of “Moderate Buy” from Analysts

Chewy, Inc. (NYSE:CHWY) has been assigned a consensus rating of “Moderate Buy” from the twenty-three analysts that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $37.30.

A number of research analysts recently weighed in on the company. The Goldman Sachs Group boosted their target price on Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Guggenheim set a $42.00 target price on Chewy and gave the stock a “buy” rating in a report on Tuesday, February 4th. BNP Paribas lowered Chewy from an “outperform” rating to a “neutral” rating in a report on Thursday, December 5th. Mizuho raised Chewy from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $24.00 to $42.00 in a report on Monday, January 6th. Finally, Piper Sandler boosted their target price on Chewy from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd.

Insider Activity

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $31.32, for a total value of $620,989,219.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David Reeder sold 307,558 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $37.48, for a total value of $11,527,273.84. Following the completion of the transaction, the chief financial officer now owns 546,257 shares of the company’s stock, valued at $20,473,712.36. This represents a 36.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 28,561,427 shares of company stock worth $933,874,848. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chewy

Several large investors have recently bought and sold shares of CHWY. Wealth Enhancement Advisory Services LLC raised its position in shares of Chewy by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company’s stock worth $661,000 after acquiring an additional 301 shares during the last quarter. Blue Trust Inc. raised its position in shares of Chewy by 22.9% during the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock worth $58,000 after acquiring an additional 320 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Chewy by 83.0% during the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after acquiring an additional 444 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Chewy by 8.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,650 shares of the company’s stock worth $189,000 after acquiring an additional 450 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Chewy by 30.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,800 shares of the company’s stock worth $94,000 after acquiring an additional 650 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.

Chewy Stock Down 5.2 %

NYSE:CHWY opened at $35.03 on Monday. The firm has a market capitalization of $14.26 billion, a price-to-earnings ratio of 38.49, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10. Chewy has a twelve month low of $14.69 and a twelve month high of $40.09. The stock’s 50 day moving average price is $36.45 and its two-hundred day moving average price is $31.97.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.15. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.08) EPS. As a group, analysts anticipate that Chewy will post 0.24 earnings per share for the current year.

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.