Chewy (NYSE:CHWY) Earns Outperform Rating from Analysts at William Blair

William Blair started coverage on shares of Chewy (NYSE:CHWY) in a research note published on Tuesday, BenzingaRatingsTable reports. The brokerage issued an outperform rating on the stock. William Blair also issued estimates for Chewy’s Q2 2020 earnings at ($0.11) EPS, Q3 2020 earnings at ($0.10) EPS, Q4 2020 earnings at ($0.10) EPS, FY2020 earnings at ($0.39) EPS, Q1 2021 earnings at ($0.08) EPS, Q2 2021 earnings at ($0.07) EPS, Q3 2021 earnings at ($0.04) EPS, Q4 2021 earnings at ($0.05) EPS, FY2021 earnings at ($0.24) EPS and FY2022 earnings at ($0.11) EPS.

Other equities research analysts have also recently issued research reports about the stock. UBS Group began coverage on shares of Chewy in a research report on Tuesday. They set a buy rating and a $42.00 price target for the company. Wedbush began coverage on shares of Chewy in a research report on Thursday, June 20th. They set a neutral rating for the company. Finally, Barclays increased their price target on shares of Roper Technologies from $342.00 to $355.00 and gave the company an equal weight rating in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $37.44.

Shares of Chewy stock opened at $33.38 on Tuesday. Chewy has a 52-week low of $30.78 and a 52-week high of $41.34.

In other news, major shareholder Argos Holdings Gp Llc sold 47,875,000 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $20.90, for a total value of $1,000,587,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sumit Singh bought 11,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was bought at an average cost of $22.00 per share, with a total value of $242,000.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 152,500 shares of company stock valued at $3,355,000 in the last three months.

About Chewy

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 retail Website, as well as its mobile applications.

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Analyst Recommendations for Chewy (NYSE:CHWY)

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