Chewy - CHWY Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chewy in the last year. There are currently 7 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CHWY shares.
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16 Wall Street analysts have issued 12 month price targets for Chewy's shares. Their CHWY share price forecasts range from $23.00 to $60.00. On average, they expect the company's share price to reach $44.18 in the next twelve months. This suggests a possible upside of 41.5% from the stock's current price.
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Chewy's stock was trading at $58.97 at the start of the year. Since then, CHWY stock has decreased by 47.1% and is now trading at $31.22.
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Chewy saw a decrease in short interest in the month of September. As of September 15th, there was short interest totaling 21,190,000 shares, a decrease of 8.9% from the August 31st total of 23,250,000 shares. Based on an average daily trading volume, of 4,700,000 shares, the days-to-cover ratio is presently 4.5 days. Approximately 23.0% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 8th 2022.
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Chewy, Inc. (NYSE:CHWY) released its quarterly earnings data on Tuesday, August, 30th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.16. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.45 billion. Chewy had a negative trailing twelve-month return on equity of 85.74% and a negative net margin of 0.58%. The business's revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.04) EPS.

Chewy updated its FY 2022 earnings guidance on Tuesday, September, 27th. The company provided EPS 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 $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."

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 $31.22.

Chewy (NYSE:CHWY) has a market capitalization of $13.20 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.