Chewy (NYSE:CHWY) PT Raised to $20.00

Chewy (NYSE:CHWYFree Report) had its price target upped by Mizuho from $18.00 to $20.00 in a research note published on Monday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also recently weighed in on CHWY. Royal Bank of Canada decreased their price target on Chewy from $35.00 to $22.00 and set an outperform rating for the company in a report on Friday, March 22nd. Raymond James raised their price target on shares of Chewy from $19.00 to $24.00 and gave the company an outperform rating in a report on Thursday, May 30th. The Goldman Sachs Group cut their price objective on shares of Chewy from $36.00 to $32.00 and set a buy rating on the stock in a report on Thursday, March 21st. Wedbush upped their price objective on shares of Chewy from $25.00 to $28.00 and gave the company an outperform rating in a research report on Thursday, May 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Chewy from $18.00 to $20.00 and gave the stock a hold rating in a research report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $26.31.

Get Our Latest Analysis on Chewy

Chewy Trading Up 3.7 %

Shares of CHWY stock opened at $23.25 on Monday. The company has a market cap of $10.11 billion, a PE ratio of 129.17, a P/E/G ratio of 3.76 and a beta of 1.00. The company’s fifty day simple moving average is $17.76 and its 200-day simple moving average is $18.40. Chewy has a 52 week low of $14.69 and a 52 week high of $40.78.

Chewy (NYSE:CHWYGet Free Report) last released its quarterly earnings data on Wednesday, May 29th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.04 by $0.11. Chewy had a return on equity of 16.62% and a net margin of 0.73%. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.85 billion. Equities research analysts expect that Chewy will post 0.2 EPS for the current fiscal year.

Insider Activity at Chewy

In related news, CAO Stacy Bowman sold 8,025 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total transaction of $124,628.25. Following the completion of the sale, the chief accounting officer now directly owns 243,769 shares in the company, valued at $3,785,732.57. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Chewy news, CEO Sumit Singh sold 6,728 shares of Chewy stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total value of $104,485.84. Following the completion of the sale, the chief executive officer now directly owns 129,991 shares in the company, valued at $2,018,760.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Stacy Bowman sold 8,025 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total transaction of $124,628.25. Following the transaction, the chief accounting officer now owns 243,769 shares in the company, valued at approximately $3,785,732.57. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,862 shares of company stock valued at $1,047,242. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Chewy

Several institutional investors and hedge funds have recently modified their holdings of the business. Headinvest LLC bought a new stake in Chewy during the third quarter worth approximately $39,000. Quest Partners LLC bought a new stake in shares of Chewy during the 4th quarter worth $65,000. Signaturefd LLC grew its stake in Chewy by 37.8% in the 4th quarter. Signaturefd LLC now owns 3,358 shares of the company’s stock valued at $79,000 after buying an additional 922 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Chewy by 15.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,022 shares of the company’s stock worth $95,000 after acquiring an additional 543 shares during the period. Finally, EntryPoint Capital LLC lifted its position in Chewy by 18.0% during the 1st quarter. EntryPoint Capital LLC now owns 4,066 shares of the company’s stock worth $65,000 after acquiring an additional 619 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

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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