Chewy - CHWY Stock Forecast, Price & News

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chewy in the last twelve months. There are currently 8 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CHWY shares.
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18 Wall Street analysts have issued 1 year price targets for Chewy's stock. Their CHWY share price forecasts range from $23.00 to $60.00. On average, they expect the company's stock price to reach $45.16 in the next year. This suggests that the stock has a possible downside of 1.6%.
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Chewy's stock was trading at $37.08 at the start of the year. Since then, CHWY shares have increased by 23.8% and is now trading at $45.91.
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Chewy saw a decline in short interest during the month of December. As of December 15th, there was short interest totaling 23,520,000 shares, a decline of 6.1% from the November 30th total of 25,060,000 shares. Based on an average daily trading volume, of 3,870,000 shares, the short-interest ratio is currently 6.1 days. Currently, 25.2% of the company's shares are short sold.
View Chewy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 4th 2023.
View our CHWY earnings forecast.

Chewy, Inc. (NYSE:CHWY) released its quarterly earnings results on Thursday, December, 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.09. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.45 billion. Chewy had a negative net margin of 0.21% and a negative trailing twelve-month return on equity of 23.10%.

Chewy issued an update on its fourth quarter 2022 earnings guidance on Thursday, December, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.63 billion-$2.65 billion, compared to the consensus revenue estimate of $2.64 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 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 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 Baillie Gifford & Co. (4.03%), DAVENPORT & Co LLC (0.03%), Natixis Advisors L.P. (0.03%), Allspring Global Investments Holdings LLC (0.02%), Summit Place Financial Advisors LLC (0.01%) and Tokio Marine Asset Management Co. Ltd. (0.01%). Insiders that own company stock include James Kevin Symancyk, Satish Mehta, Argos Holdings Gp Llc, Sumit Singh, James A Star, Stacy Bowman, Mario Jesus Marte, Susan Helfrick and James A Star.
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 $45.91.

Chewy (NYSE:CHWY) has a market capitalization of $19.44 billion and generates $8.89 billion in revenue each year. The company earns $-73,820,000.00 in net income (profit) each year or ($0.05) 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.