Chewy - CHWY Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chewy in the last twelve months. There are currently 8 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CHWY shares.
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17 analysts have issued 1 year price targets for Chewy's shares. Their CHWY share price forecasts range from $23.00 to $121.00. On average, they anticipate the company's stock price to reach $50.72 in the next year. This suggests a possible upside of 2.6% from the stock's current price.
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Chewy's stock was trading at $58.97 on January 1st, 2022. Since then, CHWY shares have decreased by 16.2% and is now trading at $49.43.
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Chewy saw a increase in short interest in July. As of July 31st, there was short interest totaling 22,330,000 shares, an increase of 12.0% from the July 15th total of 19,930,000 shares. Based on an average daily volume of 6,130,000 shares, the short-interest ratio is currently 3.6 days. Approximately 24.7% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 30th 2022.
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Chewy will be holding an earnings conference call on Tuesday, August 30th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 929-458-6194 with passcode "501079".

Chewy, Inc. (NYSE:CHWY) announced its quarterly earnings data on Wednesday, June, 1st. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.12) by $0.16. The company earned $2.43 billion during the quarter, compared to the consensus estimate of $2.41 billion. Chewy had a negative trailing twelve-month return on equity of 175.48% and a negative net margin of 1.02%. Chewy's revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 EPS.

Chewy updated its second quarter 2022 earnings guidance on Wednesday, June, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.43 billion-$2.46 billion, compared to the consensus revenue estimate of $2.48 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 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.

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

Chewy's stock is owned by many different institutional and retail investors. Top institutional investors include BC Partners Advisors L.P. (74.17%), Baillie Gifford & Co. (3.93%), Brown Advisory Inc. (1.64%), Citadel Advisors LLC (0.00%), Samlyn Capital LLC (0.34%) and Macquarie Group Ltd. (0.34%). Insiders that own company stock include Argos Holdings Gp Llc, James A Star, James A Star, James Kevin Symancyk, Mario Jesus Marte, Satish Mehta, Sharon Mccollam, 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 $49.43.

Chewy (NYSE:CHWY) has a market capitalization of $20.78 billion and generates $8.89 billion in revenue each year. The company earns $-73,820,000.00 in net income (profit) each year or ($0.23) on an earnings per share basis.

The company employs 21,300 workers across the globe.

Chewy was founded in 2011.

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.