Chewy - CHWY Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chewy in the last year. There are currently 7 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CHWY shares.
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17 brokers have issued 1-year price objectives for Chewy's stock. Their CHWY share price forecasts range from $23.00 to $121.00. On average, they anticipate the company's stock price to reach $48.44 in the next twelve months. This suggests a possible upside of 52.5% from the stock's current price.
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Chewy's stock was trading at $58.97 at the beginning of the year. Since then, CHWY stock has decreased by 46.1% and is now trading at $31.76.
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Chewy saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 23,250,000 shares, an increase of 7.1% from the August 15th total of 21,710,000 shares. Based on an average daily trading volume, of 5,060,000 shares, the short-interest ratio is presently 4.6 days. Approximately 25.2% of the shares of the company are sold short.
View Chewy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 8th 2022.
View our CHWY earnings forecast.

Chewy, Inc. (NYSE:CHWY) announced its earnings results on Tuesday, August, 30th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.11) by $0.16. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.45 billion. Chewy had a negative net margin of 0.58% and a negative trailing twelve-month return on equity of 85.74%. The firm's revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) earnings per share.

Chewy updated its FY 2022 earnings guidance on Tuesday, September, 20th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $9.90 billion-$10.00 billion, compared to the consensus revenue estimate of $10.41 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 served 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 BC Partners Advisors L.P. (74.17%), Baillie Gifford & Co. (3.93%), Brown Advisory Inc. (1.64%), Brown Advisory Inc. (1.64%), Goldman Sachs Group Inc. (0.00%) and Citadel Advisors LLC (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.
View institutional ownership trends.

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 $31.76.

Chewy (NYSE:CHWY) has a market capitalization of $13.43 billion and generates $8.89 billion in revenue each year. The company earns $-73,820,000.00 in net income (profit) each year or ($0.14) on an earnings per share basis.

The company employs 21,300 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.