Chewy (NYSE:CHWY) Now Covered by Analysts at Barclays

Barclays began coverage on shares of Chewy (NYSE:CHWY) in a report released on Tuesday, BenzingaRatingsTable reports. The firm issued an equal weight rating and a $32.00 target price on the stock.

Separately, Wedbush initiated coverage on Chewy in a research report on Thursday, June 20th. They set a neutral rating on the stock. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $37.44.

Shares of Chewy stock opened at $33.45 on Tuesday. Chewy has a one year low of $30.78 and a one year high of $41.34.

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

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 retail Website, as well as its mobile applications.

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Analyst Recommendations for Chewy (NYSE:CHWY)

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