Chewy, Inc. (NYSE:CHWY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Chewy, Inc. (NYSE:CHWY) have been assigned a consensus rating of “Moderate Buy” from the twenty-one research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $26.31.

A number of research firms recently issued reports on CHWY. Morgan Stanley upped their price objective on shares of Chewy from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Chewy from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Royal Bank of Canada decreased their price target on shares of Chewy from $35.00 to $22.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Jefferies Financial Group decreased their price target on shares of Chewy from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Finally, Raymond James upped their price objective on shares of Chewy from $19.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, May 30th.

Chewy Stock Up 14.1 %

NYSE CHWY opened at $26.02 on Wednesday. The company has a market capitalization of $11.32 billion, a P/E ratio of 144.56, a P/E/G ratio of 3.67 and a beta of 0.99. Chewy has a 12-month low of $14.69 and a 12-month high of $40.22. The firm has a 50-day moving average price of $18.15 and a two-hundred day moving average price of $18.53.

Chewy (NYSE:CHWY) last issued its earnings results on Wednesday, May 29th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.04 by $0.11. The company had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Chewy had a net margin of 0.73% and a return on equity of 16.62%. Equities analysts expect that Chewy will post 0.2 EPS for the current year.

Insider Activity

In related news, CEO Sumit Singh sold 6,728 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total value of $104,485.84. Following the completion of the sale, the chief executive officer now directly owns 129,991 shares of the company’s stock, valued at approximately $2,018,760.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Sumit Singh sold 6,728 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total transaction of $104,485.84. Following the completion of the transaction, the chief executive officer now directly owns 129,991 shares in the company, valued at approximately $2,018,760.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Stacy Bowman sold 8,025 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total value of $124,628.25. Following the transaction, the chief accounting officer now owns 243,769 shares of the company’s stock, valued at $3,785,732.57. The disclosure for this sale can be found here. Insiders sold 68,862 shares of company stock valued at $1,047,242 in the last quarter. 2.10% of the stock is currently owned by insiders.

Institutional Trading of Chewy

Several institutional investors and hedge funds have recently made changes to their positions in CHWY. Headinvest LLC purchased a new stake in shares of Chewy during the third quarter worth about $39,000. Quest Partners LLC purchased a new stake in shares of Chewy during the fourth quarter worth about $65,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Chewy during the first quarter worth about $65,000. EntryPoint Capital LLC grew its stake in shares of Chewy by 18.0% during the first quarter. EntryPoint Capital LLC now owns 4,066 shares of the company’s stock worth $65,000 after acquiring an additional 619 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Chewy by 37.8% during the fourth quarter. Signaturefd LLC now owns 3,358 shares of the company’s stock worth $79,000 after acquiring an additional 922 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.

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.