Chewy (NYSE:CHWY - Free Report) had its price target boosted by Barclays from $40.00 to $44.00 in a research report released on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.
A number of other research firms have also recently issued reports on CHWY. Seaport Res Ptn upgraded Chewy to a "hold" rating in a report on Monday, March 24th. Wolfe Research raised shares of Chewy from a "peer perform" rating to an "outperform" rating in a research note on Friday, January 3rd. Guggenheim set a $42.00 price target on shares of Chewy and gave the company a "buy" rating in a research note on Tuesday, February 4th. Wedbush reissued an "outperform" rating and set a $39.00 price objective on shares of Chewy in a research report on Monday, March 17th. Finally, BNP Paribas downgraded Chewy from an "outperform" rating to a "neutral" rating in a research note on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.68.
Check Out Our Latest Stock Analysis on Chewy
Chewy Trading Up 0.6 %
CHWY stock traded up $0.19 during midday trading on Thursday, hitting $32.36. The stock had a trading volume of 1,755,381 shares, compared to its average volume of 7,536,297. The firm has a market cap of $13.18 billion, a P/E ratio of 35.38, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23. The business has a fifty day moving average price of $35.90 and a two-hundred day moving average price of $33.23. Chewy has a 1-year low of $14.69 and a 1-year high of $40.09.
Chewy (NYSE:CHWY - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.25. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the business earned $0.07 EPS. The firm's revenue was up 15.0% compared to the same quarter last year. On average, equities analysts anticipate that Chewy will post 0.24 EPS for the current year.
Insider Transactions at Chewy
In related news, CTO Satish Mehta sold 71,365 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $35.60, for a total transaction of $2,540,594.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the company's 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 sold a total of 8,083,269 shares of company stock worth $290,611,129 in the last quarter. 2.10% of the stock is currently owned by corporate insiders.
Institutional Trading of Chewy
A number of institutional investors and hedge funds have recently modified their holdings of CHWY. Vanguard Group Inc. grew its stake in Chewy by 31.8% in the 4th quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company's stock valued at $485,093,000 after purchasing an additional 3,493,926 shares during the period. FMR LLC grew its position in Chewy by 32.4% during the fourth quarter. FMR LLC now owns 5,288,757 shares of the company's stock valued at $177,120,000 after buying an additional 1,293,428 shares during the period. Bank of New York Mellon Corp increased its holdings in Chewy by 9.8% during the fourth quarter. Bank of New York Mellon Corp now owns 4,489,237 shares of the company's stock worth $150,345,000 after buying an additional 399,330 shares during the last quarter. Clearbridge Investments LLC raised its position in Chewy by 47.4% in the fourth quarter. Clearbridge Investments LLC now owns 3,866,680 shares of the company's stock worth $129,495,000 after acquiring an additional 1,243,981 shares during the period. Finally, ArrowMark Colorado Holdings LLC raised its position in Chewy by 5.3% in the third quarter. ArrowMark Colorado Holdings LLC now owns 2,765,931 shares of the company's stock worth $81,014,000 after acquiring an additional 138,768 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.
Chewy Company Profile
(
Get Free Report)
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.
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