Chewy (CHWY) Expected to Announce Earnings on Wednesday

Chewy (NYSE:CHWY - Get Free Report) is expected to post its quarterly earnings results before the market opens on Wednesday, March 26th. Analysts expect Chewy to post earnings of $0.20 per share and revenue of $3.20 billion for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Chewy Stock Performance

Chewy stock traded up $1.54 during trading hours on Friday, hitting $33.86. 8,473,931 shares of the stock were exchanged, compared to its average volume of 7,504,366. The stock has a market capitalization of $13.79 billion, a P/E ratio of 37.21, a P/E/G ratio of 2.21 and a beta of 1.23. The business's 50-day moving average is $36.25 and its two-hundred day moving average is $32.95. Chewy has a 12 month low of $14.69 and a 12 month high of $40.09.

Insider Activity

In related news, CEO Sumit Singh sold 71,161 shares of the business's stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $35.00, for a total value of $2,490,635.00. Following the completion of the transaction, the chief executive officer now directly owns 6,677 shares in the company, valued at approximately $233,695. The trade was a 91.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the firm's stock in a transaction that occurred on 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 8,726,333 shares of company stock valued at $312,843,856 in the last quarter. Company insiders own 2.10% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wedbush reaffirmed an "outperform" rating and set a $39.00 price target on shares of Chewy in a report on Monday, March 17th. Evercore ISI raised Chewy from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $34.00 to $47.00 in a report on Monday, January 13th. The Goldman Sachs Group upped their price target on shares of Chewy from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Guggenheim set a $42.00 price objective on shares of Chewy and gave the company a "buy" rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird upped their target price on shares of Chewy from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.95.

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.