Chewy, Inc. (NYSE:CHWY – Get Rating) has been given a consensus rating of “Hold” by the eighteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $50.72.
Several research analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on Chewy from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, June 3rd. Citigroup cut their price target on Chewy from $45.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, June 2nd. Morgan Stanley decreased their price objective on Chewy from $62.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Friday, June 3rd. Wolfe Research boosted their target price on shares of Chewy from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, June 2nd. Finally, Robert W. Baird reduced their target price on shares of Chewy from $60.00 to $45.00 and set an “outperform” rating on the stock in a report on Thursday, June 2nd.
Insider Buying and Selling at Chewy
In other news, Director James A. Star acquired 181,478 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The stock was acquired at an average price of $27.44 per share, with a total value of $4,979,756.32. Following the completion of the transaction, the director now directly owns 325,987 shares of the company’s stock, valued at approximately $8,945,083.28. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director James A. Star acquired 181,478 shares of the stock in a transaction dated Monday, June 13th. The stock was bought at an average price of $27.44 per share, with a total value of $4,979,756.32. Following the completion of the purchase, the director now directly owns 325,987 shares of the company’s stock, valued at approximately $8,945,083.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James A. Star bought 36,127 shares of the business’s stock in a transaction that occurred on Monday, June 6th. The shares were acquired at an average price of $27.71 per share, for a total transaction of $1,001,079.17. Following the completion of the transaction, the director now owns 110,949 shares in the company, valued at $3,074,396.79. The disclosure for this purchase can be found here. Insiders sold 580,777 shares of company stock valued at $20,865,839 in the last quarter. 1.80% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Chewy
Chewy Trading Down 4.7 %
CHWY stock opened at $45.99 on Friday. The company’s 50-day moving average price is $39.90 and its 200 day moving average price is $38.69. Chewy has a 52 week low of $22.22 and a 52 week high of $92.76. The company has a market cap of $19.34 billion, a P/E ratio of -199.96 and a beta of 0.39.
Chewy (NYSE:CHWY – Get Rating) last posted its quarterly earnings results on Wednesday, June 1st. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.16. Chewy had a negative net margin of 1.02% and a negative return on equity of 175.48%. The company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the firm earned $0.09 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, equities research analysts expect that Chewy will post -0.35 earnings per share for the current year.
Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company 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 www.chewy.com retail Website, as well as its mobile applications.
- Get a free copy of the StockNews.com research report on Chewy (CHWY)
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