Chewy (NYSE:CHWY) Research Coverage Started at UBS Group

UBS Group assumed coverage on shares of Chewy (NYSE:CHWY) in a report released on Tuesday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $42.00 target price on the stock.

Several other brokerages also recently issued reports on CHWY. Wedbush started coverage on Chewy in a research report on Thursday, June 20th. They issued a neutral rating for the company. Barclays lifted their price objective on 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 stock. The company presently has a consensus rating of Hold and a consensus target price of $37.44.

Shares of CHWY opened at $33.96 on Tuesday. Chewy has a 52-week low of $30.78 and a 52-week high of $41.34.

In related news, CEO Sumit Singh acquired 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was acquired at an average price of $22.00 per share, for a total transaction of $242,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stacy Bowman acquired 35,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was bought at an average price of $22.00 per share, with a total value of $781,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 152,500 shares of company stock valued at $3,355,000.

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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