Chewy (CHWY) Stock Forecast, Price & News

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chewy in the last year. There are currently 8 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CHWY shares.
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21 equities research analysts have issued twelve-month target prices for Chewy's shares. Their CHWY share price forecasts range from $26.00 to $56.00. On average, they expect the company's share price to reach $43.24 in the next year. This suggests a possible upside of 20.6% from the stock's current price.
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Chewy's stock was trading at $37.08 at the beginning of the year. Since then, CHWY stock has decreased by 3.3% and is now trading at $35.85.
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Chewy saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 21,110,000 shares, a decline of 9.0% from the April 30th total of 23,200,000 shares. Based on an average trading volume of 4,020,000 shares, the short-interest ratio is presently 5.3 days.
View Chewy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 29th 2023.
View our CHWY earnings forecast.

Chewy, Inc. (NYSE:CHWY) issued its quarterly earnings data on Wednesday, March, 22nd. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.24) by $0.28. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.64 billion. Chewy had a trailing twelve-month return on equity of 46.99% and a net margin of 0.51%.

ETFs with the largest weight of Chewy (NYSE:CHWY) stock in their portfolio include ProShares Pet Care ETF (PAWZ), ProShares Online Retail ETF (ONLN), ProShares Long Online/Short Stores ETF (CLIX), American Customer Satisfaction ETF (ACSI), Amplify Online Retail ETF (IBUY), First Trust S-Network Global E-Commerce ETF (ISHP), SPDR S&P Retail ETF (XRT) and Motley Fool Next Index ETF (TMFX).

Chewy issued an update on its first quarter 2023 earnings guidance on Thursday, March, 23rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.72 billion-$2.74 billion, compared to the consensus revenue estimate of $2.67 billion.

365 employees have rated Chewy Chief Executive Officer Sumit Singh on Glassdoor.com. Sumit Singh has an approval rating of 63% among the company's employees. This puts Sumit Singh in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Chewy investors own include NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), Walt Disney (DIS), DocuSign (DOCU), Block (SQ), Zoom Video Communications (ZM), Netflix (NFLX), Micron Technology (MU) and Alibaba Group (BABA).

(CHWY) raised $749 million in an initial public offering (IPO) on Friday, June 14th 2019. The company issued 41,600,000 shares at $17.00-$19.00 per share. Morgan Stanley, J.P. Morgan and Allen & Company acted as the underwriters for the IPO and BofA Merrill Lynch, Barclays, Jefferies, RBC Capital Markets, UBS Investment Bank, Wells Fargo Securities, Nomura, Raymond James and William Blair were co-managers.

Chewy trades on the New York Stock Exchange (NYSE) under the ticker symbol "CHWY."

Chewy's stock is owned by a variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (3.87%), Brown Advisory Inc. (1.57%), Wellington Management Group LLP (1.30%), BlackRock Inc. (0.62%), Two Sigma Advisers LP (0.54%) and Susquehanna International Group LLP (0.00%). Insiders that own company stock include Argos Holdings Gp Llc, James A Star, James A Star, James Kevin Symancyk, Mario Jesus Marte, Satish Mehta, Stacy Bowman, Sumit Singh and Susan Helfrick.
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Shares of CHWY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CHWY stock can currently be purchased for approximately $35.85.

Chewy (NYSE:CHWY) has a market capitalization of $15.31 billion and generates $10.10 billion in revenue each year. The company earns $49.23 million in net income (profit) each year or $0.11 on an earnings per share basis.

The company employs 19,400 workers across the globe.

Chewy's mailing address is 1855 GRIFFIN ROAD SUITE B-428, DANIA BEACH FL, 33004. The official website for the company is www.chewy.com. The company can be reached via phone at (786) 320-7111 or via email at ir@chewy.com.