Chewy (NYSE:CHWY - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty-six analysts that are currently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $43.89.
Several equities analysts have commented on the stock. JMP Securities increased their price target on shares of Chewy from $39.00 to $48.00 and gave the company a "market outperform" rating in a research note on Thursday, July 10th. Mizuho downgraded Chewy from an "outperform" rating to a "neutral" rating and increased their price objective for the company from $43.00 to $47.00 in a report on Monday, June 9th. Cowen reiterated a "buy" rating on shares of Chewy in a research report on Friday, June 6th. Evercore ISI set a $52.00 target price on Chewy and gave the company an "outperform" rating in a report on Thursday, June 12th. Finally, Citizens Jmp raised Chewy to a "strong-buy" rating in a research note on Thursday, July 10th.
Get Our Latest Analysis on CHWY
Insider Buying and Selling
In other Chewy news, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $41.75, for a total transaction of $1,250,000,010.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Satish Mehta sold 9,243 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $36.50, for a total value of $337,369.50. Following the transaction, the chief technology officer directly owned 276,467 shares in the company, valued at $10,091,045.50. This trade represents a 3.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,167,614 shares of company stock valued at $1,259,102,436 over the last 90 days. 0.43% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. BC Partners PE LP bought a new stake in shares of Chewy during the 1st quarter worth $7,142,402,000. Vanguard Group Inc. boosted its holdings in Chewy by 31.8% in the fourth quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company's stock worth $485,093,000 after acquiring an additional 3,493,926 shares in the last quarter. FMR LLC boosted its holdings in Chewy by 32.4% in the fourth quarter. FMR LLC now owns 5,288,757 shares of the company's stock worth $177,120,000 after acquiring an additional 1,293,428 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Chewy by 8.2% in the first quarter. Voya Investment Management LLC now owns 4,146,973 shares of the company's stock valued at $134,818,000 after purchasing an additional 312,795 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of Chewy by 47.4% in the fourth quarter. Clearbridge Investments LLC now owns 3,866,680 shares of the company's stock valued at $129,495,000 after purchasing an additional 1,243,981 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.
Chewy Stock Up 0.2%
Shares of Chewy stock traded up $0.07 during trading hours on Thursday, reaching $37.24. 4,599,273 shares of the company's stock were exchanged, compared to its average volume of 6,842,139. Chewy has a 1 year low of $19.75 and a 1 year high of $48.62. The company has a market capitalization of $15.46 billion, a P/E ratio of 41.84, a price-to-earnings-growth ratio of 7.76 and a beta of 1.71. The business has a fifty day moving average of $42.13 and a two-hundred day moving average of $38.02.
Chewy (NYSE:CHWY - Get Free Report) last posted its earnings results on Wednesday, June 11th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The company had revenue of $3.12 billion for the quarter, compared to analysts' expectations of $3.08 billion. Chewy had a net margin of 3.21% and a return on equity of 35.04%. Chewy's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 earnings per share. As a group, research analysts predict that Chewy will post 0.24 EPS for the current year.
About Chewy
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Get Free ReportChewy, 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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