Chewy, Inc. (NYSE:CHWY) Receives $29.15 Average PT from Analysts

Chewy, Inc. (NYSE:CHWY) has earned a consensus rating of “Moderate Buy” from the twenty-two ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $29.11.

A number of equities research analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of Chewy from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Morgan Stanley raised their price objective on shares of Chewy from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. Argus lowered shares of Chewy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. Guggenheim raised their price objective on shares of Chewy from $25.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Finally, UBS Group raised their price objective on shares of Chewy from $21.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th.

Insider Transactions at Chewy

In other news, CTO Satish Mehta sold 2,894 shares of Chewy stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $22.24, for a total value of $64,362.56. Following the transaction, the chief technology officer now directly owns 573,463 shares of the company’s stock, valued at approximately $12,753,817.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CTO Satish Mehta sold 2,894 shares of Chewy stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $22.24, for a total value of $64,362.56. Following the transaction, the chief technology officer now directly owns 573,463 shares of the company’s stock, valued at approximately $12,753,817.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sumit Singh sold 14,338 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $22.24, for a total transaction of $318,877.12. Following the completion of the transaction, the chief executive officer now directly owns 1,398,271 shares in the company, valued at $31,097,547.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,906,141 shares of company stock worth $540,973,233. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Chewy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Chewy by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 667,247 shares of the company’s stock worth $15,767,000 after purchasing an additional 39,301 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Chewy during the 4th quarter worth $339,000. Russell Investments Group Ltd. grew its stake in shares of Chewy by 27.7% during the 1st quarter. Russell Investments Group Ltd. now owns 86,542 shares of the company’s stock worth $1,355,000 after purchasing an additional 18,768 shares during the period. Jump Financial LLC grew its stake in shares of Chewy by 356.6% during the 4th quarter. Jump Financial LLC now owns 164,569 shares of the company’s stock worth $3,889,000 after purchasing an additional 128,525 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Chewy by 127.8% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,717,660 shares of the company’s stock worth $27,328,000 after buying an additional 963,540 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Chewy Price Performance

Shares of CHWY opened at $26.22 on Monday. Chewy has a 1-year low of $14.69 and a 1-year high of $39.10. The stock has a market cap of $11.40 billion, a PE ratio of 145.67, a P/E/G ratio of 3.69 and a beta of 1.04. The firm has a 50-day simple moving average of $25.56 and a two-hundred day simple moving average of $20.90.

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.