Chewy, Inc. (NYSE:CHWY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Chewy, Inc. (NYSE:CHWY) has been given a consensus rating of “Moderate Buy” by the twenty ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $27.50.

Several equities analysts have recently issued reports on CHWY shares. The Goldman Sachs Group lowered their price target on Chewy from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Bank of America lowered their target price on Chewy from $17.00 to $16.50 and set an “underperform” rating on the stock in a report on Thursday, March 21st. Wedbush reissued an “outperform” rating and issued a $25.00 price target on shares of Chewy in a report on Thursday, March 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Chewy in a research note on Thursday, March 21st. Finally, JMP Securities reissued a “market outperform” rating and set a $28.00 target price on shares of Chewy in a research note on Friday, March 15th.

Chewy Price Performance

Shares of CHWY stock opened at $15.91 on Tuesday. Chewy has a 12-month low of $14.69 and a 12-month high of $40.78. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 198.88, a price-to-earnings-growth ratio of 8.30 and a beta of 0.91. The business has a 50 day simple moving average of $16.62 and a 200 day simple moving average of $18.51.

Chewy (NYSE:CHWY) last released its quarterly earnings results on Wednesday, March 20th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.09. Chewy had a return on equity of 11.69% and a net margin of 0.33%. The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.79 billion. On average, equities analysts anticipate that Chewy will post 0.08 EPS for the current fiscal year.

Insider Activity

In other Chewy news, CAO Stacy Bowman sold 8,025 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total value of $124,628.25. Following the completion of the sale, the chief accounting officer now owns 243,769 shares in the company, valued at approximately $3,785,732.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Sumit Singh sold 6,728 shares of Chewy stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total transaction of $104,485.84. Following the completion of the sale, the chief executive officer now directly owns 129,991 shares in the company, valued at approximately $2,018,760.23. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Stacy Bowman sold 8,025 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total value of $124,628.25. Following the completion of the transaction, the chief accounting officer now owns 243,769 shares in the company, valued at approximately $3,785,732.57. The disclosure for this sale can be found here. Insiders have sold 15,884 shares of company stock worth $249,235 in the last 90 days. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Chewy

Several large investors have recently added to or reduced their stakes in the business. Headinvest LLC bought a new stake in shares of Chewy during the 3rd quarter worth about $39,000. Quest Partners LLC bought a new stake in Chewy during the fourth quarter worth approximately $65,000. Future Financial Wealth Managment LLC acquired a new position in Chewy during the first quarter valued at approximately $65,000. Signaturefd LLC raised its position in shares of Chewy by 37.8% in the fourth quarter. Signaturefd LLC now owns 3,358 shares of the company’s stock valued at $79,000 after purchasing an additional 922 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Chewy by 15.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,022 shares of the company’s stock worth $95,000 after buying an additional 543 shares during the last quarter. 93.09% of the stock is owned by institutional investors.

Chewy Company Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It 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 retail websites and mobile applications.