Chewy (NYSE:CHWY) posted its quarterly earnings results on Thursday. The company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.02) by $0.11, Briefing.com reports. The business had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.13 billion. During the same period in the prior year, the business posted ($0.12) earnings per share. The business's quarterly revenue was up 31.7% on a year-over-year basis. Chewy updated its Q2 2021 guidance to $- EPS.
Shares of CHWY opened at $79.35 on Friday. The firm has a market cap of $32.95 billion, a PE ratio of -345.00, a P/E/G ratio of 19.52 and a beta of 0.08. The firm has a fifty day moving average price of $76.96. Chewy has a 1 year low of $44.31 and a 1 year high of $120.00.
In other news, insider Stacy Bowman sold 11,422 shares of the company's stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $87.00, for a total transaction of $993,714.00. Following the transaction, the insider now directly owns 77,590 shares of the company's stock, valued at approximately $6,750,330. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 6,150,000 shares of the company's stock in a transaction on Monday, April 12th. The stock was sold at an average price of $81.50, for a total transaction of $501,225,000.00. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.
A number of research analysts recently weighed in on CHWY shares. Wolfe Research started coverage on shares of Chewy in a report on Wednesday, March 31st. They issued a "peer perform" rating and a $70.00 price objective for the company. Bank of America restated a "buy" rating and issued a $133.00 price objective on shares of Chewy in a report on Friday, April 16th. Credit Suisse Group restated a "buy" rating and issued a $121.00 price objective on shares of Chewy in a report on Wednesday. Morgan Stanley lifted their price target on shares of Chewy from $76.00 to $83.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 31st. They noted that the move was a valuation call. Finally, Wedbush lifted their price target on shares of Chewy from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. Chewy presently has an average rating of "Buy" and an average price target of $95.83.
Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company 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 chewy.com retail Website, as well as its mobile applications.
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