Chewy (NYSE:CHWY) Price Target Cut to $43.00 by Analysts at Royal Bank Of Canada

Key Points

• Analysts at Royal Bank of Canada have lowered their price target for Chewy from $44.00 to $43.00, while maintaining an "outperform" rating, indicating a potential upside of 22.32% from the current price.
• Chewy's quarterly earnings revealed an EPS of $0.14, falling short of the consensus estimate of $0.33, despite revenues of $3.10 billion surpassing expectations.
• Insider selling activity includes CTO Satish Mehta selling 8,727 shares, which contributed to a total of over 30 million shares sold by insiders in the last 90 days.

Chewy (NYSE:CHWY - Get Free Report) had its target price decreased by investment analysts at Royal Bank Of Canada from $44.00 to $43.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price points to a potential upside of 22.32% from the company's current price.

Several other research firms have also issued reports on CHWY. Cowen reaffirmed a "buy" rating on shares of Chewy in a research report on Friday, June 6th. Morgan Stanley reaffirmed an "overweight" rating and issued a $50.00 price target (up previously from $39.00) on shares of Chewy in a research report on Thursday, June 12th. Citizens Jmp raised Chewy to a "strong-buy" rating in a research report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft raised Chewy from a "hold" rating to a "buy" rating and set a $45.00 price target for the company in a research report on Thursday. Finally, Guggenheim reaffirmed a "buy" rating and issued a $45.00 price target (up previously from $42.00) on shares of Chewy in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Chewy has an average rating of "Moderate Buy" and a consensus target price of $45.39.

Chewy Trading Down 16.5%

Shares of Chewy stock opened at $35.16 on Thursday. The firm has a market capitalization of $14.60 billion, a P/E ratio of 39.50, a P/E/G ratio of 8.81 and a beta of 1.65. The business has a fifty day simple moving average of $38.71 and a two-hundred day simple moving average of $38.28. Chewy has a 12 month low of $26.28 and a 12 month high of $48.62.

Chewy (NYSE:CHWY - Get Free Report) last announced its quarterly earnings data on Wednesday, September 10th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.19). The firm had revenue of $3.10 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%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 EPS. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. Analysts predict that Chewy will post 0.24 earnings per share for the current year.

Insiders Place Their Bets

In other Chewy news, CTO Satish Mehta sold 8,727 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $35.82, for a total value of $312,601.14. Following the completion of the transaction, the chief technology officer owned 276,467 shares of the company's stock, valued at approximately $9,903,047.94. The trade was a 3.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $41.75, for a total value of $1,250,000,010.00. The disclosure for this sale can be found here. Insiders sold a total of 30,008,777 shares of company stock worth $1,252,444,321 in the last 90 days. Corporate insiders own 0.43% of the company's stock.

Institutional Investors Weigh In On Chewy

Large investors have recently made changes to their positions in the company. Osterweis Capital Management Inc. bought a new stake in shares of Chewy during the 2nd quarter valued at about $30,000. Parallel Advisors LLC grew its stake in shares of Chewy by 150.2% during the 1st quarter. Parallel Advisors LLC now owns 788 shares of the company's stock valued at $26,000 after purchasing an additional 473 shares during the period. Golden State Wealth Management LLC grew its stake in shares of Chewy by 104.6% during the 1st quarter. Golden State Wealth Management LLC now owns 941 shares of the company's stock valued at $31,000 after purchasing an additional 481 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Chewy by 412.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,091 shares of the company's stock valued at $46,000 after purchasing an additional 878 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of Chewy by 34.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company's stock valued at $49,000 after acquiring an additional 298 shares during the period. 93.09% of the stock is currently owned by institutional investors.

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.

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