The price of Chewy Inc. (NYSE:CHWY) shares last traded on Wall Street rose 4.52% to $27.28.
Based on available information, 28 analysts follow 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 $56.00 and a low of $6.00, we find $44.00. Given the previous closing price of $26.10, this indicates a potential upside of 68.58 percent. CHWY stock price is now -19.77% away from the 50-day moving average and -27.38% away from the 200-day moving average. The market capitalization of the company currently stands at $11.66B.
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Among analysts, 11 rate the stock a hold while 13 rate it a buy. Brokers who have rated the stock have averaged $41.05 as their price target over the next twelve months.
With the price target reduced from $45 to $31, Wedbush maintained Outperform rating for Chewy Inc. (NYSE: CHWY).
In other news, Bowman Stacy, Interim CFO & CAO sold 465 shares of the company’s stock on Aug 02. The stock was sold for $15,168 at an average price of $32.62. Upon completion of the transaction, the Interim CFO & CAO now directly owns 225,057 shares in the company, valued at $6.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 02, Chief Executive Officer Singh Sumit sold 434 shares of the business’s stock. A total of $14,157 was realized by selling the stock at an average price of $32.62. This leaves the insider owning 97,624 shares of the company worth $2.66 million. Insiders disposed of 36,319,394 shares of company stock worth roughly $990.79 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 VOYA INVESTMENT MANAGEMENT LLC during the first quarter worth $139,695,000. RENAISSANCE TECHNOLOGIES LLC invested $30,177,000 in shares of CHWY during the first quarter. In the first quarter, CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. acquired a new stake in Chewy Inc. valued at approximately $13,708,000. TWIN TREE MANAGEMENT, LP acquired a new stake in CHWY for approximately $11,620,000. MANE GLOBAL CAPITAL MANAGEMENT LP purchased a new stake in CHWY valued at around $9,484,000 in the second quarter. In total, there are 547 active investors with 99.60% ownership of the company’s stock.
A candlestick chart of Chewy Inc. (NYSE: CHWY) showed a price of $26.17 on Tuesday morning. During the past 12 months, Chewy Inc. has had a low of $25.29 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. According to the stock market information, the enterprise value for the company is $10.85B, which is based on a 221.79 price-to-earnings ratio, a 8.65 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for CHWY is $33.75 and a two-hundred day moving average price translates $37.54 for the stock.
The latest earnings results from Chewy Inc. (NYSE: CHWY) was released for Apr, 2023. According to the Internet Retail Company, earnings per share came in at $0.05, beating analysts’ expectations of -$0.04 by 0.09. This compares to $0.04 EPS in the same period last year. The net profit margin was 0.50% and return on equity was 27.20% for CHWY. The company reported revenue of $2.78 billion for the quarter, compared to $2.43 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.67 percent. For the current quarter, analysts expect CHWY to generate $2.76B 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.
