Brokerages Set Chewy Inc (NYSE:CHWY) PT at $36.45

Chewy Inc (NYSE:CHWY) has been given an average rating of “Buy” by the thirteen analysts that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $36.82.

Several research analysts have issued reports on the stock. William Blair assumed coverage on shares of Chewy in a report on Tuesday, July 9th. They set an “outperform” rating for the company. Wells Fargo & Co assumed coverage on shares of Chewy in a report on Tuesday, July 9th. They set an “outperform” rating and a $40.00 price target for the company. Jefferies Financial Group set a $36.00 price target on shares of Chewy and gave the stock a “hold” rating in a report on Friday, July 19th. Zacks Investment Research upgraded shares of Chewy from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Tuesday, August 20th. Finally, Nomura upgraded shares of Chewy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $32.00 to $36.00 in a report on Monday.

NYSE CHWY traded up $0.90 during trading hours on Friday, reaching $26.93. The company’s stock had a trading volume of 54,282 shares, compared to its average volume of 2,558,766. The company’s fifty day simple moving average is $31.15. Chewy has a 52 week low of $25.92 and a 52 week high of $41.34.



Chewy (NYSE:CHWY) last issued its quarterly earnings data on Tuesday, September 17th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.10). The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. Chewy’s revenue was up 43.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.16) EPS. Analysts predict that Chewy will post -0.57 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. acquired a new stake in shares of Chewy during the 2nd quarter worth approximately $45,000. BNP Paribas Arbitrage SA acquired a new stake in shares of Chewy during the 2nd quarter worth approximately $54,000. Royal Bank of Canada acquired a new stake in shares of Chewy during the 2nd quarter worth approximately $56,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Chewy during the 2nd quarter worth approximately $58,000. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Chewy during the 2nd quarter worth approximately $64,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

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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