Chewy, Inc. (NYSE:CHWY) has been assigned a consensus recommendation of “Buy” from the twenty-two brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $97.68.
Several research firms have recently issued reports on CHWY. Credit Suisse Group began coverage on shares of Chewy in a research report on Monday, September 27th. They issued an “outperform” rating and a $121.00 price objective for the company. Wedbush lowered their price target on shares of Chewy from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, September 2nd. Wells Fargo & Company lowered their price target on shares of Chewy from $120.00 to $110.00 and set an “overweight” rating for the company in a report on Thursday, September 2nd. Piper Sandler lowered their price target on shares of Chewy from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, September 2nd. Finally, Exane BNP Paribas assumed coverage on Chewy in a research note on Friday, July 16th. They set an “outperform” rating and a $101.00 price objective on the stock.
In other news, General Counsel Susan Helfrick sold 10,463 shares of the firm’s stock in a transaction on Wednesday, August 4th. The stock was sold at an average price of $90.00, for a total transaction of $941,670.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mario Jesus Marte sold 20,927 shares of the firm’s stock in a transaction on Thursday, August 12th. The stock was sold at an average price of $95.00, for a total value of $1,988,065.00. The disclosure for this sale can be found here. Insiders have sold a total of 41,853 shares of company stock worth $3,819,090 over the last quarter. Insiders own 0.67% of the company’s stock.
Shares of CHWY traded up $0.71 on Monday, hitting $63.44. 21,384 shares of the stock traded hands, compared to its average volume of 2,960,725. The firm has a market capitalization of $26.50 billion, a P/E ratio of 3,136.50 and a beta of 0.32. Chewy has a 1 year low of $55.81 and a 1 year high of $120.00. The stock’s 50 day moving average is $78.75 and its two-hundred day moving average is $79.03.
Chewy (NYSE:CHWY) last posted its quarterly earnings results on Tuesday, August 31st. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.02). Chewy had a return on equity of 47.79% and a net margin of 0.13%. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the prior year, the business earned ($0.08) EPS. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. On average, sell-side analysts expect that Chewy will post 0.07 earnings per share for the current fiscal year.
Chewy, Inc engages in the provision of pure-play e-commerce business. It supplies pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles. The company was founded by Ryan Cohen and Michael Day in September 2011 and is headquartered in Dania Beach, FL.
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