Chewy (NYSE:CHWY) Receives $44.00 Consensus PT from Brokerages

Chewy (NYSE:CHWY) has been given an average rating of “Moderate Buy” by the twenty-three analysts that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $42.9091.

CHWY has been the topic of several recent analyst reports. BNP Paribas Exane reaffirmed a “neutral” rating and set a $28.00 price objective (down from $38.00) on shares of Chewy in a research report on Thursday, March 26th. Royal Bank Of Canada boosted their target price on Chewy from $43.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday. Citigroup dropped their price target on shares of Chewy from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, March 27th. JPMorgan Chase & Co. reduced their price target on shares of Chewy from $46.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, March 26th. Finally, Raymond James Financial raised shares of Chewy from a “market perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a report on Thursday, February 19th.

Insider Buying and Selling

In other Chewy news, CTO Satish Mehta sold 13,013 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $28.99, for a total transaction of $377,246.87. Following the completion of the sale, the chief technology officer directly owned 273,835 shares in the company, valued at approximately $7,938,476.65. The trade was a 4.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.43% of the company’s stock.

Institutional Trading of Chewy

Large investors have recently modified their holdings of the company. Quent Capital LLC bought a new position in Chewy in the third quarter valued at about $27,000. CoreCap Advisors LLC grew its stake in shares of Chewy by 306.3% during the 4th quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after purchasing an additional 637 shares during the period. Harbour Investments Inc. grew its stake in shares of Chewy by 81.4% during the 4th quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock valued at $30,000 after purchasing an additional 407 shares during the period. Osterweis Capital Management Inc. purchased a new stake in shares of Chewy during the 2nd quarter valued at about $30,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Chewy during the 4th quarter valued at about $31,000. Institutional investors own 93.09% of the company’s stock.

Chewy Stock Up 0.9%

Shares of CHWY opened at $26.86 on Tuesday. Chewy has a twelve month low of $22.74 and a twelve month high of $48.62. The company has a market capitalization of $11.15 billion, a P/E ratio of 51.65, a price-to-earnings-growth ratio of 1.66 and a beta of 1.61. The firm has a 50 day moving average of $26.42 and a 200 day moving average of $31.91.

Chewy (NYSE:CHWY) last released its quarterly earnings data on Wednesday, March 25th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.19). The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.26 billion. Chewy had a net margin of 1.77% and a return on equity of 53.48%. The business’s revenue was up .5% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share. On average, sell-side analysts expect that Chewy will post 0.24 EPS for the current year.

Chewy Company Profile

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.