Chewy, Inc. (NYSE:CHWY) Receives $29.15 Consensus Price Target from Analysts

Shares of Chewy, Inc. (NYSE:CHWY) have received an average recommendation of “Moderate Buy” from the twenty-two research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $29.15.

Several research analysts have weighed in on the stock. Barclays upped their price objective on shares of Chewy from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Robert W. Baird lifted their price objective on Chewy from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. UBS Group boosted their target price on Chewy from $21.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Needham & Company LLC raised their price target on Chewy from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, Citigroup boosted their price target on Chewy from $16.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, July 19th.

Insider Buying and Selling

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 1,338,262 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $30.32, for a total value of $40,576,103.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder Argos Holdings Gp Llc sold 1,338,262 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $30.32, for a total transaction of $40,576,103.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Satish Mehta sold 2,894 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $22.24, for a total transaction of $64,362.56. Following the completion of the sale, the chief technology officer now owns 573,463 shares in the company, valued at $12,753,817.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,906,141 shares of company stock valued at $540,973,233. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Chewy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in Chewy in the 4th quarter valued at $13,610,000. New York State Common Retirement Fund increased its stake in Chewy by 22.8% in the fourth quarter. New York State Common Retirement Fund now owns 98,558 shares of the company’s stock valued at $2,329,000 after acquiring an additional 18,318 shares during the period. Russell Investments Group Ltd. raised its position in Chewy by 15.3% in the fourth quarter. Russell Investments Group Ltd. now owns 67,774 shares of the company’s stock worth $1,665,000 after purchasing an additional 9,010 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Chewy by 41.6% during the fourth quarter. Victory Capital Management Inc. now owns 81,666 shares of the company’s stock worth $1,930,000 after purchasing an additional 24,004 shares during the period. Finally, Natixis Advisors L.P. boosted its holdings in Chewy by 11.3% during the fourth quarter. Natixis Advisors L.P. now owns 56,095 shares of the company’s stock valued at $1,325,000 after purchasing an additional 5,678 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.

Chewy Price Performance

NYSE CHWY opened at $27.15 on Monday. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 150.83, a price-to-earnings-growth ratio of 3.69 and a beta of 1.04. The company has a 50 day simple moving average of $25.64 and a 200-day simple moving average of $20.80. Chewy has a 52-week low of $14.69 and a 52-week high of $39.10.

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.