Chewy (NYSE:CHWY) Price Target Raised to $45.00 at The Goldman Sachs Group

Chewy (NYSE:CHWY) had its price target boosted by investment analysts at The Goldman Sachs Group from $40.00 to $45.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 39.74% from the stock’s previous close.

CHWY has been the topic of a number of other reports. Barclays lifted their price objective on Chewy from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday. Evercore ISI raised shares of Chewy from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $34.00 to $47.00 in a research note on Monday, January 13th. JMP Securities restated a “market outperform” rating and set a $37.00 target price on shares of Chewy in a research note on Monday, December 16th. Finally, Wolfe Research upgraded Chewy from a “peer perform” rating to an “outperform” rating in a research note on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.68.

Chewy Trading Down 1.5 %

Shares of NYSE CHWY opened at $32.20 on Thursday. Chewy has a 12-month low of $14.69 and a 12-month high of $40.09. The firm has a market capitalization of $13.11 billion, a price-to-earnings ratio of 35.39, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23. The firm has a 50 day moving average of $35.90 and a 200 day moving average of $33.17.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.03 by $0.25. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.20 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. Chewy’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 EPS. Sell-side analysts predict that Chewy will post 0.24 EPS for the current year.

Insider Activity at Chewy

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $35.77, for a total transaction of $250,390,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sumit Singh sold 9,285 shares of Chewy stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $40.00, for a total value of $371,400.00. Following the completion of the transaction, the chief executive officer now owns 489,750 shares of the company’s stock, valued at approximately $19,590,000. This trade represents a 1.86 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,083,269 shares of company stock valued at $290,611,129. 2.10% of the stock is owned by corporate insiders.

Institutional Trading of Chewy

Several hedge funds and other institutional investors have recently bought and sold shares of CHWY. Banque Transatlantique SA bought a new position in Chewy during the fourth quarter valued at $30,000. Fifth Third Bancorp boosted its stake in shares of Chewy by 83.0% during the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after purchasing an additional 444 shares during the period. Blue Trust Inc. grew its holdings in Chewy by 22.9% during the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock valued at $58,000 after purchasing an additional 320 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Chewy in the 3rd quarter worth about $63,000. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in Chewy in the fourth quarter worth about $67,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

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.