Chewy, Inc. (NYSE:CHWY) Given Average Rating of “Moderate Buy” by Analysts

Chewy, Inc. (NYSE:CHWY) has been given a consensus rating of “Moderate Buy” by the twenty analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $27.50.

CHWY has been the topic of a number of recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $25.00 price objective on shares of Chewy in a report on Thursday, March 21st. Barclays raised Chewy from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $19.00 to $30.00 in a research note on Thursday, January 11th. Bank of America cut their price objective on Chewy from $17.00 to $16.50 and set an “underperform” rating for the company in a research report on Thursday, March 21st. JMP Securities reaffirmed a “market outperform” rating and set a $28.00 target price on shares of Chewy in a research note on Friday, March 15th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Chewy from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, March 21st.

Chewy Stock Up 0.4 %

Shares of CHWY opened at $15.98 on Tuesday. The stock has a fifty day simple moving average of $16.61 and a two-hundred day simple moving average of $18.51. The company has a market capitalization of $6.95 billion, a PE ratio of 199.77, a price-to-earnings-growth ratio of 8.28 and a beta of 0.91. Chewy has a 52-week low of $14.69 and a 52-week high of $40.78.

Chewy (NYSE:CHWY) last released its quarterly earnings data on Wednesday, March 20th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.09. The firm had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Chewy had a net margin of 0.33% and a return on equity of 11.69%. As a group, equities analysts anticipate that Chewy will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Chewy

In related news, CEO Sumit Singh sold 6,728 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total transaction of $104,485.84. Following the completion of the transaction, the chief executive officer now owns 129,991 shares in the company, valued at $2,018,760.23. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Sumit Singh sold 6,728 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total transaction of $104,485.84. Following the sale, the chief executive officer now owns 129,991 shares of the company’s stock, valued at approximately $2,018,760.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Satish Mehta sold 8,019 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $15.12, for a total value of $121,247.28. Following the completion of the transaction, the chief technology officer now directly owns 569,594 shares of the company’s stock, valued at $8,612,261.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,993 shares of company stock valued at $1,067,363. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Chewy

A number of institutional investors and hedge funds have recently bought and sold shares of CHWY. Allspring Global Investments Holdings LLC increased its position in shares of Chewy by 15.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,022 shares of the company’s stock worth $95,000 after purchasing an additional 543 shares in the last quarter. IFM Investors Pty Ltd increased its position in Chewy by 5.7% during the third quarter. IFM Investors Pty Ltd now owns 13,371 shares of the company’s stock worth $244,000 after buying an additional 723 shares during the period. Handelsbanken Fonder AB lifted its stake in Chewy by 2.2% in the third quarter. Handelsbanken Fonder AB now owns 33,199 shares of the company’s stock valued at $606,000 after buying an additional 730 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Chewy by 3.8% in the third quarter. D.A. Davidson & CO. now owns 22,663 shares of the company’s stock valued at $414,000 after acquiring an additional 840 shares during the period. Finally, Private Advisor Group LLC grew its position in shares of Chewy by 7.9% during the third quarter. Private Advisor Group LLC now owns 11,984 shares of the company’s stock worth $219,000 after acquiring an additional 875 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

About Chewy

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It 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 retail websites and mobile applications.