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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
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How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
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First it was Tyson stock, now this food company is set to rally
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6 reasons to buy Teva Pharmaceuticals stock sooner than later
Block's multiple ecosystems drive shares higher on 2024 outlook
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
4 stocks benefitting from NVIDIA's explosive growth
Blue Chips And Billionaires Quietly Investing In "The New Oil" (Ad)
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Analysts boosted Snowflake stock, big firms are buying now
Blue Chips And Billionaires Quietly Investing In "The New Oil" (Ad)
Is CRISPR Therapeutics the NVIDIA of gene editing?
First it was Tyson stock, now this food company is set to rally
Blue Chips And Billionaires Quietly Investing In "The New Oil" (Ad)
6 reasons to buy Teva Pharmaceuticals stock sooner than later
Block's multiple ecosystems drive shares higher on 2024 outlook

Chewy (CHWY) Stock Price, News & Analysis

$16.09
+0.01 (+0.06%)
(As of 02/23/2024 08:52 PM ET)
Today's Range
$15.78
$16.36
50-Day Range
$16.05
$25.07
52-Week Range
$15.78
$42.13
Volume
10.92 million shs
Average Volume
8.43 million shs
Market Capitalization
$6.94 billion
P/E Ratio
804.50
Dividend Yield
N/A
Price Target
$32.73

Chewy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
103.4% Upside
$32.73 Price Target
Short Interest
Healthy
4.76% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.12mentions of Chewy in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$254.22 M Sold Last Quarter
Proj. Earnings Growth
1,000.00%
From $0.01 to $0.11 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.02 out of 5 stars

Consumer Cyclical Sector

5th out of 12 stocks

Internet Retail Industry

2nd out of 2 stocks


CHWY stock logo

About Chewy Stock (NYSE:CHWY)

Chewy, Inc. is a leading American online retailer specializing in pet food and other pet-related products. Founded in June 2011 by Ryan Cohen and Michael Day under "Mr. Chewy," the company quickly gained prominence in the pet care e-commerce industry. With its headquarters in Plantation, Florida, Chewy operates through its user-friendly e-commerce platform, catering to pet owners across the United States.

Chewy, Inc. started in 2011 as "Mr. Chewy," aiming to disrupt the traditional pet retail market by offering a wide range of pet products through a convenient online platform. The company's founders sought to leverage their e-commerce and retail expertise to provide pet owners with a seamless and personalized shopping experience.

The company's innovative approach quickly gained traction, and by 2017, Chewy had become a major player in the online pet retail space. In May 2017, Chewy made headlines when PetSmart acquired it for a groundbreaking $3.35 billion, making it the largest-ever acquisition of an e-commerce business at that time. Following the acquisition, Chewy continued to operate as an independent unit under the leadership of Ryan Cohen, the visionary co-founder and Chief Executive Officer.

Chewy's mission is to create a customer-centric platform that delivers happiness and joy to pets and their owners. The company is dedicated to providing pet owners with a comprehensive selection of high-quality pet products, personalized recommendations, and exceptional customer service. Chewy aims to enhance the bond between pet parents and their beloved companions by simplifying caring for pets through its convenient and reliable e-commerce platform.

The company's e-commerce platform provides pet owners the convenience of ordering products from the comfort of their homes, with the added benefit of subscription services for recurring shipments. Chewy's subscription model offers automatic delivery of pet essentials, ensuring pet owners never run out of their pet's favorite items.

Chewy's target market comprises pet owners across the United States who seek convenience, a vast selection of high-quality products, and exceptional customer service for their furry companions. The company caters to a diverse demographic of pet owners, including individuals, families, and pet enthusiasts. The company's e-commerce platform appeals to pet owners who prefer the ease and efficiency of online shopping. Chewy's user-friendly website and mobile app offer a seamless shopping experience, making it an attractive choice for first-time and experienced pet owners.

Chewy, Inc. is led by a seasoned and visionary management team, driving the company's strategic direction and success. As the Chief Executive Officer of Chewy Inc, Sumit Singh brings a wealth of experience in e-commerce and technology to the company. Singh's strategic leadership has been instrumental in Chewy's growth and market positioning. Mario J. Marte is the Chief Financial Officer, overseeing the company's financial operations and strategies. His financial management and planning expertise contributes to Chewy's financial growth and stability.

Chewy, Inc.'s financial data over the past few years reflects the company's impressive growth and financial performance. The company has achieved revenue growth, with a reported revenue increasing year over year. The net income also witnessed significant growth, with a yearly growth rate exceeding 150%. The company's net profit margin improved, reflecting a more than 150% year-over-year change. Chewy, Inc.'s valuation metrics indicate strong investor sentiment and optimism about the company's future growth prospects. Investors appear willing to pay a premium for Chewy's shares, driven by its consistent financial performance, expanding market presence, and customer loyalty.

Chewy, Inc. operates in the broader e-commerce and pet care industry, which has experienced significant growth in recent years. The pet care industry is fueled by increasing pet ownership and a growing trend of pet humanization, where pet owners seek premium products and services for their furry companions. As an e-commerce platform in the pet care industry, Chewy enjoys several competitive advantages. Its user-friendly interface, personalized customer experience, and subscription services have contributed to its strong market positioning. Chewy's vast selection of pet products and efficient logistics have also provided a competitive edge.

However, the industry remains highly competitive, with numerous established players vying for market share. Chewy faces competition from traditional brick-and-mortar pet stores, other e-commerce platforms, and specialty pet retailers. The company's ability to innovate, maintain customer loyalty, and expand its product offerings will be critical to sustaining its competitive advantage.

Chewy, Inc. has further identified several growth opportunities to solidify its pet care industry position. The growing trend of pet humanization and pet owners' willingness to invest in premium pet products present significant opportunities for Chewy to expand its product offerings and drive revenue growth. The company's expansion into the pharmacy segment with Chewy Pharmacy, providing prescription medications, offers additional growth potential in healthcare. Chewy can leverage its customer loyalty and personalized shopping experience to explore new markets and expand its customer base internationally. 

Chewy, Inc. has demonstrated strong performance and growth potential. However, the company also faces risks and challenges that could affect its future outlook. Notably, the e-commerce and pet care industries are highly competitive, with numerous established players and newcomers vying for market share. Chewy must continuously innovate and invest in customer acquisition and retention strategies to maintain its market leadership.

Moreover, the company's stock price is susceptible to fluctuations due to market conditions, investor sentiment, and industry dynamics. External factors, economic conditions, and changes in consumer behavior can significantly impact Chewy's financial performance. As an e-commerce platform, Chewy heavily relies on efficient logistics and supply chain operations. Any disruptions or inefficiencies in these processes could affect its ability to meet customer demands and maintain high levels of customer satisfaction. 

Additionally, the pet care industry is subject to various regulations, particularly concerning product safety, labeling, and health standards. Compliance with these regulations is crucial to avoid potential legal issues and to uphold consumer trust in the brand. Chewy's management team must be proactive in mitigating these risks and devising effective risk management strategies to navigate the competitive landscape and maintain its growth trajectory. By addressing these challenges, Chewy can continue to deliver on its mission of providing exceptional products and services that bring happiness to pets and their owners.

CHWY Stock Price History

CHWY Stock News Headlines

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See More Headlines
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Company Calendar

Last Earnings
12/06/2023
Today
2/26/2024
Next Earnings (Estimated)
3/27/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Internet Retail
Sub-Industry
N/A
Fax
N/A
Employees
19,400
Year Founded
2011

Price Target and Rating

Average Stock Price Target
$32.73
High Stock Price Target
$53.00
Low Stock Price Target
$16.00
Potential Upside/Downside
+103.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
23 Analysts

Profitability

Net Income
$49.23 million
Pretax Margin
0.16%

Debt

Sales & Book Value

Annual Sales
$10.10 billion
Cash Flow
$0.34 per share
Book Value
$0.50 per share

Miscellaneous

Free Float
422,346,000
Market Cap
$6.94 billion
Optionable
Optionable
Beta
0.93

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CHWY Stock Analysis - Frequently Asked Questions

Should I buy or sell Chewy stock right now?

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chewy in the last year. There are currently 1 sell rating, 5 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CHWY shares.
View CHWY analyst ratings
or view top-rated stocks.

What is Chewy's stock price target for 2024?

23 brokers have issued twelve-month target prices for Chewy's shares. Their CHWY share price targets range from $16.00 to $53.00. On average, they predict the company's share price to reach $32.73 in the next year. This suggests a possible upside of 103.4% from the stock's current price.
View analysts price targets for CHWY
or view top-rated stocks among Wall Street analysts.

How have CHWY shares performed in 2024?

Chewy's stock was trading at $23.63 at the beginning of 2024. Since then, CHWY shares have decreased by 31.9% and is now trading at $16.09.
View the best growth stocks for 2024 here
.

Are investors shorting Chewy?

Chewy saw a increase in short interest in January. As of January 15th, there was short interest totaling 18,410,000 shares, an increase of 5.9% from the December 31st total of 17,390,000 shares. Based on an average daily volume of 9,580,000 shares, the short-interest ratio is presently 1.9 days.
View Chewy's Short Interest
.

When is Chewy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 27th 2024.
View our CHWY earnings forecast
.

How were Chewy's earnings last quarter?

Chewy, Inc. (NYSE:CHWY) issued its quarterly earnings data on Wednesday, December, 6th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.06) by $0.02. The company earned $2.74 billion during the quarter, compared to analyst estimates of $2.75 billion. Chewy had a net margin of 0.10% and a trailing twelve-month return on equity of 14.40%. The company's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $0.01 earnings per share.

What guidance has Chewy issued on next quarter's earnings?

Chewy issued an update on its FY 2023 earnings guidance on Monday, December, 11th. The company provided EPS guidance of for the period. The company issued revenue guidance of $11.1 billion-$11.1 billion, compared to the consensus revenue estimate of $11.3 billion.

What is Sumit Singh's approval rating as Chewy's CEO?

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.

What other stocks do shareholders of Chewy own?

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).

When did Chewy IPO?

(CHWY) raised $749 million in an initial public offering on Friday, June 14th 2019. The company issued 41,600,000 shares at a price of $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.

Who are Chewy's major shareholders?

Chewy's stock is owned by many different retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (4.28%), Vanguard Group Inc. (2.23%), Voya Investment Management LLC (1.52%), Brown Advisory Inc. (1.26%), Neuberger Berman Group LLC (0.95%) and Capital Fund Management S.A. (0.00%). Insiders that own company stock include Argos Holdings Gp Llc, James A Star, James Kevin Symancyk, Mario Jesus Marte, Michael Morant, Satish Mehta, Stacy Bowman, Sumit Singh and Susan Helfrick.
View institutional ownership trends
.

How do I buy shares of Chewy?

Shares of CHWY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CHWY) was last updated on 2/26/2024 by MarketBeat.com Staff