Chewy (NYSE:CHWY) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Chewy (NYSE:CHWY - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-six research firms that are currently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $43.7778.

Several brokerages have issued reports on CHWY. Jefferies Financial Group restated a "hold" rating and issued a $43.00 target price (up from $41.00) on shares of Chewy in a research note on Thursday, June 5th. Wall Street Zen cut Chewy from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $44.00 price target (up from $42.00) on shares of Chewy in a research report on Thursday, June 12th. Morgan Stanley reiterated an "overweight" rating and issued a $50.00 price target (up from $39.00) on shares of Chewy in a research report on Thursday, June 12th. Finally, Barclays lifted their price target on Chewy from $44.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th.

Chewy Stock Performance

Chewy stock traded down $0.07 during mid-day trading on Monday, reaching $40.88. The stock had a trading volume of 4,651,223 shares, compared to its average volume of 6,351,548. Chewy has a fifty-two week low of $25.19 and a fifty-two week high of $48.62. The stock's 50-day simple moving average is $39.21 and its 200-day simple moving average is $37.97. The firm has a market capitalization of $16.97 billion, a PE ratio of 45.93, a price-to-earnings-growth ratio of 8.55 and a beta of 1.67.

Chewy (NYSE:CHWY - Get Free Report) last posted its earnings results on Wednesday, June 11th. The company reported $0.35 earnings per share 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 analyst estimates of $3.08 billion. Chewy had a return on equity of 35.04% and a net margin of 3.21%.The company's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.31 earnings per share. Chewy has set its FY 2025 guidance at EPS. On average, research analysts forecast that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Transactions at Chewy

In other news, CTO Satish Mehta sold 8,727 shares of the company'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 directly owned 276,467 shares in the company, valued at approximately $9,903,047.94. This represents a 3.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO William G. Billings sold 20,142 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $35.57, for a total value of $716,450.94. Following the completion of the transaction, the chief accounting officer owned 29,464 shares of the company's stock, valued at $1,048,034.48. The trade was a 40.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,008,777 shares of company stock valued at $1,252,444,321 over the last quarter. 0.43% of the stock is owned by company insiders.

Institutional Investors Weigh In On Chewy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State of Wyoming lifted its stake in shares of Chewy by 20.5% in the 2nd quarter. State of Wyoming now owns 11,972 shares of the company's stock valued at $510,000 after acquiring an additional 2,038 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Chewy by 21.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 7,202 shares of the company's stock valued at $307,000 after buying an additional 1,289 shares in the last quarter. Kestra Investment Management LLC increased its position in Chewy by 98.3% during the 2nd quarter. Kestra Investment Management LLC now owns 18,061 shares of the company's stock valued at $770,000 after buying an additional 8,955 shares in the last quarter. Headlands Technologies LLC boosted its stake in Chewy by 79.5% during the 2nd quarter. Headlands Technologies LLC now owns 12,649 shares of the company's stock valued at $539,000 after purchasing an additional 5,601 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in Chewy by 19.8% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 120,782 shares of the company's stock valued at $5,149,000 after purchasing an additional 19,949 shares during the last quarter. Institutional investors own 93.09% of the company's stock.

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.