The price of Chewy Inc (NYSE:CHWY) shares last traded on Wall Street rose 0.22% to $18.02.
Based on available information, 30 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 $48.00 and a low of $8.00, we find $33.00. Given the previous closing price of $17.98, this indicates a potential upside of 83.54 percent. CHWY stock price is now -13.39% away from the 50-day moving average and -45.71% away from the 200-day moving average. The market capitalization of the company currently stands at $7.75B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
Among analysts, 12 rate the stock a hold while 13 rate it a buy. Brokers who have rated the stock have averaged $32.65 as their price target over the next twelve months.
With the price target reduced from $25 to $20, UBS Upgraded its rating from Sell to Neutral for Chewy Inc (NYSE: CHWY).
In other news, Bowman Stacy, Interim CFO & CAO sold 11,423 shares of the company’s stock on Oct 18. The stock was sold for $208,356 at an average price of $18.24. Upon completion of the transaction, the Interim CFO & CAO now directly owns 215,116 shares in the company, valued at $3.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05, Interim CFO & CAO Bowman Stacy sold 900 shares of the business’s stock. A total of $22,497 was realized by selling the stock at an average price of $25.00. This leaves the insider owning 226,539 shares of the company worth $4.08 million. Insiders disposed of 30,196,937 shares of company stock worth roughly $544.15 million over the past 1 year. A total of 72.97% 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 $92,277,000. RENAISSANCE TECHNOLOGIES LLC invested $19,934,000 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 $9,055,000. TWIN TREE MANAGEMENT, LP acquired a new stake in CHWY for approximately $7,675,000. MANE GLOBAL CAPITAL MANAGEMENT LP purchased a new stake in CHWY valued at around $6,265,000 in the second quarter. In total, there are 547 active investors with 27.84% ownership of the company’s stock.
A candlestick chart of Chewy Inc (NYSE: CHWY) showed a price of $18.08 on Friday morning. During the past 12 months, Chewy Inc has had a low of $16.53 and a high of $52.88. As of last week, the company has a debt-to-equity ratio of 1.42, a current ratio of 0.93, and a quick ratio of 0.56. According to the stock market information, the enterprise value for the company is $7.34B, which is based on a 156.70 price-to-earnings ratio, a 6.11 price-to-earnings-growth ratio, and a beta of 0.97. The fifty day moving average price for CHWY is $20.61 and a two-hundred day moving average price translates $33.06 for the stock.
The latest earnings results from Chewy Inc (NYSE: CHWY) was released for Jul, 2023. According to the Internet Retail Company, earnings per share came in at $0.04, beating analysts’ expectations of -$0.05 by 0.09. This compares to $0.05 EPS in the same period last year. The net profit margin was 0.46% and return on equity was 20.56% 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 14.26 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.
