Chewy, Inc. (NYSE:CHWY) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Chewy, Inc. (NYSE:CHWY - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty-three brokerages that are covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $34.60.

CHWY has been the topic of several research reports. JMP Securities reaffirmed a "market outperform" rating and set a $37.00 price objective on shares of Chewy in a report on Monday, December 16th. Robert W. Baird raised their price target on Chewy from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Monday, November 25th. Royal Bank of Canada boosted their price objective on Chewy from $39.00 to $42.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. Wolfe Research raised Chewy from a "peer perform" rating to an "outperform" rating in a report on Friday. Finally, Piper Sandler lifted their target price on shares of Chewy from $35.00 to $40.00 and gave the company an "overweight" rating in a report on Monday, December 2nd.

Insiders Place Their Bets

In other news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of Chewy stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $29.40, for a total transaction of $36,750,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Satish Mehta sold 8,056 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $33.47, for a total value of $269,634.32. Following the sale, the chief technology officer now directly owns 585,962 shares in the company, valued at $19,612,148.14. This trade represents a 1.36 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,799,523 shares of company stock worth $682,554,313. Corporate insiders own 2.10% of the company's stock.

Institutional Trading of Chewy

Large investors have recently bought and sold shares of the company. Blue Trust Inc. increased its stake in shares of Chewy by 183.6% during the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company's stock worth $38,000 after purchasing an additional 905 shares in the last quarter. Washington Trust Advisors Inc. grew its holdings in Chewy by 0.3% during the 3rd quarter. Washington Trust Advisors Inc. now owns 278,452 shares of the company's stock valued at $8,156,000 after buying an additional 923 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Chewy by 10.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company's stock worth $308,000 after buying an additional 1,029 shares in the last quarter. D.A. Davidson & CO. increased its position in Chewy by 5.0% during the third quarter. D.A. Davidson & CO. now owns 26,219 shares of the company's stock worth $768,000 after buying an additional 1,244 shares in the last quarter. Finally, Planning Capital Management Corp acquired a new position in shares of Chewy in the third quarter worth $52,000. Institutional investors and hedge funds own 93.09% of the company's stock.

Chewy Stock Up 6.2 %

CHWY traded up $2.09 on Friday, reaching $35.96. The company's stock had a trading volume of 8,492,342 shares, compared to its average volume of 6,968,121. The company has a market capitalization of $14.64 billion, a price-to-earnings ratio of 39.52, a P/E/G ratio of 4.28 and a beta of 1.10. Chewy has a fifty-two week low of $14.69 and a fifty-two week high of $39.10. The stock has a 50 day moving average of $32.34 and a two-hundred day moving average of $28.98.

Chewy (NYSE:CHWY - Get Free Report) last issued its earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.15. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The business had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.86 billion. During the same quarter in the prior year, the business posted ($0.08) EPS. The company's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, analysts anticipate that Chewy will post 0.24 earnings per share for the current fiscal year.

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.