Chewy (NYSE:CHWY) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Chewy (NYSE:CHWY - Get Free Report) had its target price upped by research analysts at Deutsche Bank Aktiengesellschaft from $24.00 to $28.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's target price indicates a potential downside of 19.75% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the company. Robert W. Baird raised their price objective on Chewy from $26.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, August 20th. Raymond James downgraded shares of Chewy from an "outperform" rating to a "market perform" rating in a research note on Wednesday, August 21st. Morgan Stanley boosted their target price on shares of Chewy from $28.00 to $30.00 and gave the company an "overweight" rating in a report on Monday, August 26th. Evercore ISI upped their price target on shares of Chewy from $22.00 to $29.00 and gave the stock an "in-line" rating in a research report on Wednesday, August 28th. Finally, UBS Group boosted their price objective on shares of Chewy from $21.00 to $30.00 and gave the company a "neutral" rating in a research note on Thursday, August 29th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Chewy presently has an average rating of "Moderate Buy" and an average price target of $31.65.

Chewy Stock Down 2.7 %

Shares of Chewy stock traded down $0.98 during trading on Friday, hitting $34.89. 6,151,168 shares of the company were exchanged, compared to its average volume of 8,703,748. Chewy has a fifty-two week low of $14.69 and a fifty-two week high of $39.10. The firm has a 50 day moving average price of $29.85 and a 200 day moving average price of $25.85. The stock has a market capitalization of $14.59 billion, a price-to-earnings ratio of 42.10, a P/E/G ratio of 3.29 and a beta of 1.06.

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

Insider Buying and Selling at Chewy

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $29.40, for a total value of $36,750,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Chewy

Several institutional investors have recently added to or reduced their stakes in CHWY. BC Partners Advisors L.P. acquired a new position in Chewy in the second quarter worth about $7,517,800,000. Vanguard Group Inc. increased its stake in Chewy by 9.1% during the first quarter. Vanguard Group Inc. now owns 10,480,230 shares of the company's stock valued at $166,740,000 after purchasing an additional 875,532 shares during the last quarter. FMR LLC raised its holdings in shares of Chewy by 166.8% during the third quarter. FMR LLC now owns 3,995,329 shares of the company's stock worth $117,023,000 after purchasing an additional 2,497,689 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Chewy by 7.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,553,104 shares of the company's stock worth $96,787,000 after buying an additional 258,502 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Chewy by 1,028.6% in the 2nd quarter. Marshall Wace LLP now owns 2,892,841 shares of the company's stock valued at $78,801,000 after buying an additional 2,636,526 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.

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.