Nomura initiated coverage on shares of Chewy (NYSE:CHWY) in a report issued on Tuesday morning, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $36.00 price objective on the stock.
A number of other research firms also recently weighed in on CHWY. Bank of America reissued a buy rating and set a $43.00 price target (up previously from $36.00) on shares of The Medicines in a research report on Tuesday. Wells Fargo & Co began coverage on shares of Chewy in a research report on Tuesday. They set an outperform rating and a $40.00 price target for the company. Royal Bank of Canada reissued a sector perform rating and set a GBX 485 ($6.34) price target on shares of in a research report on Tuesday. UBS Group began coverage on shares of Chewy in a research report on Tuesday. They set a buy rating and a $42.00 price target for the company. Finally, Morgan Stanley decreased their price target on shares of Virtus Investment Partners from $121.00 to $118.00 and set an equal weight rating for the company in a research report on Tuesday. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $37.44.
CHWY stock opened at $33.96 on Tuesday. Chewy has a twelve month low of $30.78 and a twelve month high of $41.34.
In other Chewy news, major shareholder Argos Holdings Gp Llc sold 47,875,000 shares of Chewy stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $20.90, for a total value of $1,000,587,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Susan Helfrick acquired 90,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was acquired at an average cost of $22.00 per share, with a total value of $1,980,000.00. The disclosure for this purchase can be found here. Insiders have bought 152,500 shares of company stock valued at $3,355,000 in the last three months.
Chewy Company Profile
Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food, pet products, pet medications, and other pet health products for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications.
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