Chewy (NYSE:CHWY) issued its quarterly earnings results on Wednesday. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.11, Briefing.com reports. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the company posted ($0.12) earnings per share. The company’s revenue was up 31.7% on a year-over-year basis.
Chewy stock opened at $79.35 on Friday. The company has a 50 day moving average of $76.96. Chewy has a twelve month low of $44.31 and a twelve month high of $120.00. The firm has a market cap of $32.95 billion, a price-to-earnings ratio of -345.00, a PEG ratio of 19.52 and a beta of 0.08.
Several analysts recently commented on the stock. Piper Sandler reissued an “overweight” rating and set a $110.00 target price (down from $125.00) on shares of Chewy in a research note on Friday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on shares of Chewy in a research note on Monday, March 15th. They set a “neutral” rating and a $95.00 target price for the company. Jefferies Financial Group increased their target price on shares of Chewy from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, March 31st. Bank of America reissued a “buy” rating and set a $133.00 target price on shares of Chewy in a research note on Friday, April 16th. Finally, Zacks Investment Research lowered shares of Chewy from a “buy” rating to a “hold” rating in a research note on Wednesday, June 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $96.56.
Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services 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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