Chewy (NYSE:CHWY) Now Covered by Analysts at Citizens Jmp

Stock analysts at Citizens Jmp assumed coverage on shares of Chewy (NYSE:CHWY - Get Free Report) in a research note issued on Thursday. The brokerage set a "mkt outperform" rating on the stock.

A number of other brokerages have also weighed in on CHWY. Jefferies Financial Group reaffirmed 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. Mizuho downgraded Chewy from an "outperform" rating to a "neutral" rating and upped their price target for the stock from $43.00 to $47.00 in a research report on Monday, June 9th. Morgan Stanley reaffirmed an "overweight" rating and set a $50.00 price target (up previously from $39.00) on shares of Chewy in a research report on Thursday, June 12th. UBS Group upped their price target on Chewy from $36.00 to $46.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. Finally, The Goldman Sachs Group upped their price target on Chewy from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Nine analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Chewy currently has a consensus rating of "Moderate Buy" and an average price target of $43.89.

Chewy Stock Down 0.5%

Shares of CHWY traded down $0.19 on Thursday, hitting $38.76. The company's stock had a trading volume of 5,282,332 shares, compared to its average volume of 6,193,984. The firm's fifty day moving average price is $42.34 and its 200-day moving average price is $37.79. Chewy has a fifty-two week low of $19.75 and a fifty-two week high of $48.62. The firm has a market capitalization of $16.09 billion, a price-to-earnings ratio of 43.55, a P/E/G ratio of 8.13 and a beta of 1.71.

Chewy (NYSE:CHWY - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $3.12 billion during 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%. Chewy's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 EPS. As a group, equities analysts predict that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Activity at Chewy

In other news, CEO Sumit Singh sold 148,063 shares of Chewy stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $40.67, for a total value of $6,021,722.21. Following the completion of the sale, the chief executive officer directly owned 705,252 shares in the company, valued at approximately $28,682,598.84. The trade was a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David Reeder sold 11,582 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $36.44, for a total transaction of $422,048.08. Following the sale, the chief financial officer directly owned 397,556 shares of the company's stock, valued at $14,486,940.64. This represents a 2.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,167,614 shares of company stock valued at $1,259,102,436. 0.43% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chewy

Several institutional investors and hedge funds have recently bought and sold shares of CHWY. Parallel Advisors LLC raised its stake in Chewy by 150.2% during the first quarter. Parallel Advisors LLC now owns 788 shares of the company's stock worth $26,000 after acquiring an additional 473 shares in the last quarter. Banque Transatlantique SA acquired a new position in Chewy during the fourth quarter worth about $30,000. Golden State Wealth Management LLC raised its stake in Chewy by 104.6% during the first quarter. Golden State Wealth Management LLC now owns 941 shares of the company's stock worth $31,000 after acquiring an additional 481 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Chewy during the first quarter worth $44,000. Finally, North Star Investment Management Corp. increased its holdings in shares of Chewy by 26.6% during the first quarter. North Star Investment Management Corp. now owns 1,678 shares of the company's stock worth $55,000 after buying an additional 353 shares in the last quarter. Institutional investors own 93.09% of the company's stock.

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.