Chewy, Inc. (NYSE:CHWY) Receives $37.95 Average PT from Analysts

Shares of Chewy, Inc. (NYSE:CHWY) have earned an average rating of “Moderate Buy” from the twenty-three research firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $38.68.

CHWY has been the topic of a number of recent research reports. Citigroup raised their price objective on shares of Chewy from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday. UBS Group lifted their price objective on Chewy from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Evercore ISI raised Chewy from an “in-line” rating to an “outperform” rating and increased their target price for the company from $34.00 to $47.00 in a research note on Monday, January 13th. JMP Securities restated a “market outperform” rating and set a $37.00 target price on shares of Chewy in a research report on Monday, December 16th. Finally, Morgan Stanley increased their price target on shares of Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, January 13th.

Chewy Stock Performance

NYSE CHWY opened at $32.68 on Friday. The stock has a market capitalization of $13.31 billion, a P/E ratio of 35.91, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23. Chewy has a 52 week low of $14.69 and a 52 week high of $40.09. The stock has a fifty day moving average of $36.00 and a 200-day moving average of $33.13.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.25. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 EPS. Equities research analysts forecast that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Activity

In other Chewy news, CTO Satish Mehta sold 71,365 shares of Chewy stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $35.60, for a total value of $2,540,594.00. Following the sale, the chief technology officer now directly owns 262,853 shares in the company, valued at approximately $9,357,566.80. The trade was a 21.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $35.77, for a total transaction of $250,390,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,083,269 shares of company stock worth $290,611,129 over the last three months. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of Chewy

Several institutional investors and hedge funds have recently bought and sold shares of CHWY. Banque Transatlantique SA acquired a new position in shares of Chewy during the 4th quarter worth approximately $30,000. Fifth Third Bancorp increased its holdings in Chewy by 83.0% during the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after buying an additional 444 shares during the last quarter. Blue Trust Inc. raised its position in Chewy by 22.9% during the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock worth $58,000 after acquiring an additional 320 shares in the last quarter. Allworth Financial LP lifted its stake in Chewy by 52.0% in the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock valued at $71,000 after acquiring an additional 650 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd bought a new position in shares of Chewy in the 4th quarter valued at about $67,000. Institutional investors own 93.09% of the company’s stock.

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.