Chewy (NYSE:CHWY) Research Coverage Started at JPMorgan Chase & Co.

Analysts at JPMorgan Chase & Co. began coverage on shares of Chewy (NYSE:CHWY) in a research report issued on Tuesday, Marketbeat Ratings reports. The firm set an “overweight” rating and a $42.00 price target on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 25.82% from the stock’s current price.

Several other analysts have also commented on CHWY. UBS Group began coverage on Chewy in a report on Tuesday. They issued a “buy” rating and a $42.00 price objective for the company. Bank of America reaffirmed a “buy” rating and issued a $43.00 price objective (up previously from $36.00) on shares of The Medicines in a report on Tuesday. Barclays lifted their price objective on Roper Technologies from $342.00 to $355.00 and gave the stock an “equal weight” rating in a report on Tuesday. Wedbush began coverage on Chewy in a report on Thursday, June 20th. They issued a “neutral” rating for the company. Finally, William Blair began coverage on Chewy in a report on Tuesday. They issued an “outperform” rating for the company. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. Chewy currently has a consensus rating of “Hold” and an average target price of $37.44.

Shares of CHWY traded up $0.17 during trading hours on Tuesday, hitting $33.38. The stock had a trading volume of 1,592,164 shares, compared to its average volume of 4,823,988. Chewy has a 12 month low of $30.78 and a 12 month high of $41.34.



In related news, CFO Mario Jesus Marte bought 15,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were bought at an average cost of $22.00 per share, for a total transaction of $330,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sumit Singh bought 11,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were bought at an average price of $22.00 per share, for a total transaction of $242,000.00. The disclosure for this purchase can be found here. Insiders have purchased 152,500 shares of company stock worth $3,355,000 over the last quarter.

Chewy Company Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food, pet products, pet medications, and other pet health products for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications.

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Analyst Recommendations for Chewy (NYSE:CHWY)

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