Chewy - CHWY Stock Forecast, Price & News

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chewy in the last twelve months. There are currently 10 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CHWY shares.
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22 equities research analysts have issued 12 month price objectives for Chewy's stock. Their CHWY share price forecasts range from $23.00 to $60.00. On average, they anticipate the company's stock price to reach $44.14 in the next year. This suggests a possible upside of 26.4% from the stock's current price.
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Chewy's stock was trading at $37.08 at the start of the year. Since then, CHWY stock has decreased by 5.8% and is now trading at $34.93.
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Chewy saw a drop in short interest in February. As of February 28th, there was short interest totaling 22,800,000 shares, a drop of 5.3% from the February 13th total of 24,080,000 shares. Based on an average daily trading volume, of 3,910,000 shares, the days-to-cover ratio is currently 5.8 days. Currently, 24.5% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
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Chewy, Inc. (NYSE:CHWY) released its quarterly earnings data on Tuesday, August, 31st. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.02. The firm had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.17 billion. Chewy had a negative trailing twelve-month return on equity of 23.10% and a negative net margin of 0.21%. The business's quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.08) earnings per share.

ETFs with the largest weight of Chewy (NYSE:CHWY) stock in their portfolio include ProShares Pet Care ETF (PAWZ), ProShares Online Retail ETF (ONLN), ProShares Long Online/Short Stores ETF (CLIX), American Customer Satisfaction ETF (ACSI), Amplify Online Retail ETF (IBUY), First Trust S-Network E-Commerce ETF (ISHP), Motley Fool Next Index ETF (TMFX) and Direxion Daily Retail Bull 3X Shares (RETL).

Chewy updated its first quarter 2023 earnings guidance on Thursday, March, 23rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.72 billion-$2.74 billion, compared to the consensus revenue estimate of $2.67 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 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 a variety of retail and institutional investors. Top institutional shareholders include Morgan Stanley (4.79%), Baillie Gifford & Co. (4.03%), Brown Advisory Inc. (1.36%), Marshall Wace LLP (0.61%), Macquarie Group Ltd. (0.59%) and Susquehanna International Group LLP (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.
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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 $34.93.

Chewy (NYSE:CHWY) has a market capitalization of $14.79 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.