Chewy, Inc. (NYSE:CHWY) Receives $40.18 Consensus Price Target from Analysts

Shares of Chewy, Inc. (NYSE:CHWY) have been assigned an average rating of “Moderate Buy” from the twenty-five research firms that are covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $41.22.

A number of research analysts have weighed in on CHWY shares. JMP Securities lowered their target price on Chewy from $40.00 to $39.00 and set a “market outperform” rating on the stock in a report on Monday, April 14th. Cowen reissued a “buy” rating on shares of Chewy in a report on Friday. Wedbush reissued an “outperform” rating and issued a $39.00 target price on shares of Chewy in a report on Thursday, March 27th. Mizuho downgraded Chewy from an “outperform” rating to a “neutral” rating and increased their target price for the company from $43.00 to $47.00 in a report on Monday. Finally, Seaport Res Ptn raised Chewy to a “hold” rating in a report on Monday, March 24th.

Insider Buying and Selling

In other Chewy news, CEO Sumit Singh sold 8,552 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $33.35, for a total transaction of $285,209.20. Following the transaction, the chief executive officer now directly owns 62,096 shares in the company, valued at $2,070,901.60. This trade represents a 12.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David Reeder sold 7,863 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $36.50, for a total value of $286,999.50. Following the transaction, the chief financial officer now owns 11,582 shares in the company, valued at $422,743. The trade was a 40.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 236,046 shares of company stock valued at $9,387,635. Insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CHWY. Parallel Advisors LLC increased its holdings in Chewy by 150.2% during the 1st quarter. Parallel Advisors LLC now owns 788 shares of the company’s stock worth $26,000 after purchasing an additional 473 shares during the period. Banque Transatlantique SA purchased a new position in shares of Chewy in the 4th quarter valued at $30,000. Golden State Wealth Management LLC increased its holdings in shares of Chewy by 104.6% in the 1st quarter. Golden State Wealth Management LLC now owns 941 shares of the company’s stock valued at $31,000 after acquiring an additional 481 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of Chewy in the 1st quarter valued at $44,000. Finally, North Star Investment Management Corp. increased its holdings in shares of Chewy by 26.6% in the 1st quarter. North Star Investment Management Corp. now owns 1,678 shares of the company’s stock valued at $55,000 after acquiring an additional 353 shares during the period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Chewy Price Performance

Shares of NYSE:CHWY opened at $45.78 on Wednesday. The company has a market cap of $18.94 billion, a P/E ratio of 50.30, a PEG ratio of 2.21 and a beta of 1.75. Chewy has a 1 year low of $19.75 and a 1 year high of $48.62. The stock’s fifty day moving average price is $39.25 and its 200-day moving average price is $36.50.

Chewy (NYSE:CHWY) last posted its earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.25. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the company earned $0.07 earnings per share. Chewy’s revenue was up 15.0% on a year-over-year basis. On average, sell-side analysts anticipate that Chewy will post 0.24 earnings per share 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.