Chewy, Inc. (NYSE:CHWY – Get Free Report) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totalling 14,800,000 shares, a decline of 13.5% from the July 15th total of 17,100,000 shares. Based on an average daily trading volume, of 11,550,000 shares, the short-interest ratio is currently 1.3 days.
Analysts Set New Price Targets
A number of equities analysts have weighed in on CHWY shares. UBS Group boosted their target price on Chewy from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft boosted their target price on Chewy from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. upped their price target on shares of Chewy from $22.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Piper Sandler upped their price target on shares of Chewy from $16.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Finally, Citigroup upped their price target on shares of Chewy from $16.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $27.24.
Get Our Latest Research Report on Chewy
Insider Activity
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in Chewy by 15.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,022 shares of the company’s stock valued at $95,000 after buying an additional 543 shares during the period. EntryPoint Capital LLC raised its holdings in Chewy by 18.0% during the 1st quarter. EntryPoint Capital LLC now owns 4,066 shares of the company’s stock valued at $65,000 after buying an additional 619 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in Chewy by 3.2% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 28,359 shares of the company’s stock valued at $451,000 after buying an additional 870 shares during the period. Signaturefd LLC raised its holdings in Chewy by 37.8% during the 4th quarter. Signaturefd LLC now owns 3,358 shares of the company’s stock valued at $79,000 after buying an additional 922 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in Chewy by 10.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company’s stock valued at $308,000 after buying an additional 1,029 shares during the period. 93.09% of the stock is currently owned by institutional investors.
Chewy Stock Up 0.6 %
CHWY stock traded up $0.17 during midday trading on Monday, hitting $27.27. The company’s stock had a trading volume of 5,702,217 shares, compared to its average volume of 9,722,778. Chewy has a 12 month low of $14.69 and a 12 month high of $39.10. The firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of 151.50, a price-to-earnings-growth ratio of 3.48 and a beta of 1.03. The company has a 50 day moving average of $25.12 and a two-hundred day moving average of $19.96.
Chewy (NYSE:CHWY – Get Free Report) last posted its earnings results on Wednesday, May 29th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.85 billion. Chewy had a return on equity of 16.62% and a net margin of 0.73%. On average, analysts anticipate that Chewy will post 0.23 earnings per share for the current fiscal year.
Chewy Company Profile
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.
Featured Articles
- Five stocks we like better than Chewy
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Moderna Dips on Q2 Earnings But Can It Rip on a Short Squeeze?
- Are Penny Stocks a Good Fit for Your Portfolio?
- 2 Option Strategies to Maximize Profits in a Bear Market
- Trading Stocks: RSI and Why it’s Useful
- Lululemon Stock Gears Up for a Massive Comeback Rally
Receive News & Ratings for Chewy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chewy and related companies with MarketBeat.com's FREE daily email newsletter.