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

Chewy, Inc. (NYSE:CHWY - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twenty-two ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $30.15.

A number of research analysts have recently issued reports on the company. Robert W. Baird boosted their price objective on Chewy from $26.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, August 20th. Raymond James downgraded shares of Chewy from an "outperform" rating to a "market perform" rating in a research report on Wednesday, August 21st. Royal Bank of Canada boosted their target price on shares of Chewy from $24.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday, August 29th. Morgan Stanley raised their price target on shares of Chewy from $28.00 to $30.00 and gave the stock an "overweight" rating in a report on Monday, August 26th. Finally, Bank of America upped their price objective on shares of Chewy from $20.00 to $24.00 and gave the company an "underperform" rating in a report on Thursday, August 29th.

Insider Activity

In related news, major shareholder Argos Holdings Gp Llc sold 26,870,748 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $29.40, for a total value of $789,999,991.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. 1620 Investment Advisors Inc. purchased a new position in shares of Chewy during the 2nd quarter valued at $33,000. Blue Trust Inc. grew its position in Chewy by 183.6% during the third quarter. Blue Trust Inc. now owns 1,398 shares of the company's stock worth $38,000 after buying an additional 905 shares in the last quarter. Industrial Alliance Investment Management Inc. bought a new position in Chewy in the 2nd quarter worth about $44,000. First Horizon Advisors Inc. purchased a new stake in shares of Chewy in the 2nd quarter valued at about $48,000. Finally, Planning Capital Management Corp bought a new stake in shares of Chewy during the 3rd quarter valued at about $52,000. Institutional investors own 93.09% of the company's stock.

Chewy Stock Down 2.1 %

NYSE CHWY traded down $0.68 on Friday, hitting $31.71. The company's stock had a trading volume of 3,682,846 shares, compared to its average volume of 8,799,760. The company's 50-day moving average is $29.46 and its 200 day moving average is $25.34. The firm has a market cap of $13.26 billion, a PE ratio of 38.66, a PEG ratio of 3.27 and a beta of 1.06. Chewy has a 1-year low of $14.69 and a 1-year high of $39.10.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. Chewy had a return on equity of 21.00% and a net margin of 3.20%. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.86 billion. On average, equities analysts expect that Chewy will post 0.32 EPS for the current year.

Chewy Company Profile

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.