Chewy, Inc. (NYSE:CHWY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Chewy, Inc. (NYSE:CHWY) have been assigned an average rating of “Moderate Buy” from the twenty-three brokerages that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and eighteen have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $37.30.

Several brokerages recently issued reports on CHWY. Argus raised Chewy from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird lifted their target price on Chewy from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a research report on Thursday, December 5th. JMP Securities reaffirmed a “market outperform” rating and set a $37.00 target price on shares of Chewy in a research report on Monday, December 16th. Finally, Piper Sandler lifted their target price on Chewy from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd.

Insider Buying and Selling at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $31.32, for a total value of $620,989,219.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Satish Mehta sold 8,056 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $33.47, for a total value of $269,634.32. Following the completion of the transaction, the chief technology officer now owns 585,962 shares of the company’s stock, valued at $19,612,148.14. The trade was a 1.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,561,427 shares of company stock worth $933,874,848 over the last ninety days. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chewy

Hedge funds and other institutional investors have recently modified their holdings of the company. Banque Transatlantique SA purchased a new position in shares of Chewy in the 4th quarter worth about $30,000. Fifth Third Bancorp lifted its stake in shares of Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock valued at $33,000 after acquiring an additional 444 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Chewy by 183.6% in the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after acquiring an additional 905 shares during the last quarter. Planning Capital Management Corp bought a new stake in shares of Chewy in the 3rd quarter valued at about $52,000. Finally, Allworth Financial LP lifted its stake in shares of Chewy by 52.0% in the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock valued at $71,000 after acquiring an additional 650 shares during the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Chewy Stock Performance

Shares of Chewy stock opened at $35.03 on Monday. Chewy has a 52 week low of $14.69 and a 52 week high of $40.09. The stock has a 50 day moving average price of $36.45 and a two-hundred day moving average price of $31.97. The stock has a market capitalization of $14.26 billion, a PE ratio of 38.49, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.15. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter last year, the firm posted ($0.08) earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Research analysts forecast that Chewy will post 0.24 EPS for the current year.

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.