Deutsche Bank Aktiengesellschaft Boosts Chewy (NYSE:CHWY) Price Target to $28.00

Chewy (NYSE:CHWY) had its price target lifted by Deutsche Bank Aktiengesellschaft from $24.00 to $28.00 in a report issued on Friday,Benzinga reports. They currently have a hold rating on the stock.

A number of other brokerages also recently weighed in on CHWY. Robert W. Baird raised their price objective on Chewy from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Bank of America upgraded shares of Chewy from an “underperform” rating to a “buy” rating and raised their price target for the stock from $24.00 to $40.00 in a research report on Wednesday, November 20th. Citigroup upgraded shares of Chewy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $28.00 to $40.00 in a report on Friday, November 8th. JPMorgan Chase & Co. increased their target price on shares of Chewy from $28.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Finally, Wedbush reiterated an “outperform” rating and issued a $35.00 price objective on shares of Chewy in a research report on Thursday, August 29th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.35.

Chewy Trading Down 0.8 %

CHWY stock opened at $34.61 on Friday. The firm’s 50-day moving average is $29.95 and its two-hundred day moving average is $26.26. The company has a market capitalization of $14.47 billion, a price-to-earnings ratio of 42.21, a price-to-earnings-growth ratio of 3.36 and a beta of 1.06. Chewy has a 52 week low of $14.69 and a 52 week high of $39.10.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.86 billion. Chewy had a net margin of 3.20% and a return on equity of 21.00%. On average, equities research analysts predict that Chewy will post 0.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $29.40, for a total value of $36,750,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Chewy

Large investors have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its holdings in Chewy by 27.7% in the first quarter. Russell Investments Group Ltd. now owns 86,542 shares of the company’s stock valued at $1,355,000 after buying an additional 18,768 shares during the period. Vanguard Group Inc. boosted its position in shares of Chewy by 9.1% during the 1st quarter. Vanguard Group Inc. now owns 10,480,230 shares of the company’s stock valued at $166,740,000 after purchasing an additional 875,532 shares in the last quarter. EntryPoint Capital LLC boosted its position in shares of Chewy by 18.0% during the 1st quarter. EntryPoint Capital LLC now owns 4,066 shares of the company’s stock valued at $65,000 after purchasing an additional 619 shares in the last quarter. Lazard Asset Management LLC grew its stake in Chewy by 1,301,834.4% during the first quarter. Lazard Asset Management LLC now owns 416,619 shares of the company’s stock worth $6,628,000 after purchasing an additional 416,587 shares during the period. Finally, Sandia Investment Management LP bought a new stake in Chewy in the first quarter worth approximately $119,000. Institutional investors own 93.09% of the company’s stock.

About Chewy

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.