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 www.chewy.com retail Website, as well as its mobile applications. It offers approximately 100,000 products from 3,000 partner brands. The company was founded in 2010 and is headquartered in Dania Beach, Florida.
Chewy Stock Performance
NYSE:CHWY opened at $49.43 on Tuesday. The firm's 50-day moving average is $38.76 and its 200-day moving average is $38.56. Chewy has a 52-week low of $22.22 and a 52-week high of $94.98. The company has a market cap of $20.78 billion, a price-to-earnings ratio of -214.91 and a beta of 0.39.
Chewy (NYSE:CHWY - Get Rating) last posted its quarterly earnings data on Wednesday, June 1st. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.16. Chewy had a negative net margin of 1.02% and a negative return on equity of 175.48%. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the firm posted $0.09 EPS. The business's revenue was up 13.7% compared to the same quarter last year. Equities analysts predict that Chewy will post -0.35 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. UBS Group decreased their target price on shares of Chewy from $42.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, May 31st. Evercore ISI lifted their target price on shares of Chewy to $58.00 in a research note on Friday, June 3rd. Piper Sandler decreased their target price on shares of Chewy from $45.00 to $29.00 and set a "neutral" rating for the company in a research note on Wednesday, June 1st. Wedbush downgraded shares of Chewy from an "outperform" rating to a "neutral" rating and raised their price target for the company from $35.00 to $44.00 in a report on Tuesday, July 26th. Finally, Wells Fargo & Company cut their price target on shares of Chewy from $65.00 to $55.00 and set an "overweight" rating on the stock in a report on Friday, June 3rd. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $50.72.
Insider Transactions at Chewy
In other news, insider Stacy Bowman sold 25,879 shares of the business's stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $27.18, for a total transaction of $703,391.22. Following the transaction, the insider now owns 193,392 shares in the company, valued at approximately $5,256,394.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Chewy news, Director James A. Star bought 181,478 shares of the firm's stock in a transaction dated Monday, June 13th. The shares were acquired at an average cost of $27.44 per share, for a total transaction of $4,979,756.32. Following the transaction, the director now owns 325,987 shares in the company, valued at $8,945,083.28. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stacy Bowman sold 25,879 shares of Chewy stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $27.18, for a total transaction of $703,391.22. Following the sale, the insider now owns 193,392 shares in the company, valued at $5,256,394.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 362,791 shares of company stock worth $10,121,309. 1.80% of the stock is currently owned by company insiders.