Chewy (CHWY) Projected to Post Earnings on Wednesday

Chewy (NYSE:CHWY) is projected to release its earnings data before the market opens on Wednesday, March 26th. Analysts expect Chewy to post earnings of $0.20 per share and revenue of $3.20 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Chewy Price Performance

NYSE:CHWY opened at $31.96 on Wednesday. The firm has a market capitalization of $13.01 billion, a PE ratio of 35.12, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23. The business’s fifty day moving average price is $36.46 and its 200 day moving average price is $32.92. Chewy has a 12 month low of $14.69 and a 12 month high of $40.09.

Insiders Place Their Bets

In other Chewy news, CTO Satish Mehta sold 83,639 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $40.00, for a total value of $3,345,560.00. Following the completion of the transaction, the chief technology officer now owns 334,218 shares in the company, valued at approximately $13,368,720. This represents a 20.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sumit Singh sold 71,161 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $35.00, for a total transaction of $2,490,635.00. Following the completion of the transaction, the chief executive officer now owns 6,677 shares of the company’s stock, valued at approximately $233,695. This trade represents a 91.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,797,494 shares of company stock worth $315,156,588 in the last quarter. 2.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CHWY. The Goldman Sachs Group raised their price objective on Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Piper Sandler raised their price objective on Chewy from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a report on Thursday, December 5th. Argus raised Chewy from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Chewy from $24.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.30.

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.