Chewy Inc. (NYSE:CHWY) shares traded -1.44% lower at $31.58 on Wall Street last session.
In accordance with the data, 31 analysts cover Chewy Inc. (NYSE:CHWY). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $57.00 and a low of $24.00, we find $45.00. Given the previous closing price of $32.04, this indicates a potential upside of 40.45 percent. CHWY stock price is now -8.32% away from the 50-day moving average and -18.18% away from the 200-day moving average. The market capitalization of the company currently stands at $14.39B.
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It has been rated a hold by 14 analysts and a buy by 14. Brokers who have rated the stock have averaged $44.04 as their price target over the next twelve months.
In other news, Singh Sumit, Chief Executive Officer sold 21,317 shares of the company’s stock on Mar 02. The stock was sold for $847,176 at an average price of $39.74. Upon completion of the transaction, the Chief Executive Officer now directly owns 759,876 shares in the company, valued at $24.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 02, Chief Technology Officer Mehta Satish sold 4,635 shares of the business’s stock. A total of $184,203 was realized by selling the stock at an average price of $39.74. This leaves the insider owning 412,485 shares of the company worth $13.03 million. Insiders disposed of 1,354,959 shares of company stock worth roughly $42.79 million over the past 1 year. A total of 2.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CHWY stock. A new stake in Chewy Inc. shares was purchased by POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $62,372,000. GMT CAPITAL CORP invested $9,240,000 in shares of CHWY during the first quarter. In the first quarter, JAT CAPITAL MGMT LP acquired a new stake in Chewy Inc. valued at approximately $7,052,000. EXANE ASSET MANAGEMENT acquired a new stake in CHWY for approximately $5,376,000. FORCE HILL CAPITAL MANAGEMENT LP purchased a new stake in CHWY valued at around $4,655,000 in the second quarter. In total, there are 544 active investors with 99.60% ownership of the company’s stock.
Chewy Inc. (NYSE: CHWY) opened at $32.02 on Wednesday. During the past 12 months, Chewy Inc. has had a low of $22.22 and a high of $52.88. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 0.90, and a quick ratio of 0.50. The fifty day moving average price for CHWY is $34.31 and a two-hundred day moving average price translates $38.52 for the stock.
The latest earnings results from Chewy Inc. (NYSE: CHWY) was released for Jan, 2023. According to the Internet Retail Company, earnings per share came in at $0.01, beating analysts’ expectations of -$0.11 by 0.12. This compares to -$0.15 EPS in the same period last year. The net profit margin was 0.50% and return on equity was 35.60% for CHWY. The company reported revenue of $2.71 billion for the quarter, compared to $2.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.36 percent. For the current quarter, analysts expect CHWY to generate $2.73B in revenue.
Chewy Inc.(CHWY) 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 Website www.chewy.com, as well as mobile applications. The company offers approximately 110,000 products from 3,500 partner brands. Chewy, Inc. was founded in 2010 and is headquartered in Plantation, Florida.
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