Chewy Inc (NYSE:CHWY) shares traded 4.76% higher at $20.26 on Wall Street last session.
In accordance with the data, 30 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 $40.00 and a low of $8.00, we find $23.00. Given the previous closing price of $19.34, this indicates a potential upside of 18.92 percent. CHWY stock price is now 7.35% away from the 50-day moving average and -31.15% away from the 200-day moving average. The market capitalization of the company currently stands at $8.74B.
It has been rated a hold by 11 analysts and a buy by 14. Brokers who have rated the stock have averaged $23.34 as their price target over the next twelve months.
With the price target reduced from $31 to $28, Morgan Stanley Upgraded its rating from Equal-Weight to Overweight 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 $4.36 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 $4.59 million. Insiders disposed of 30,180,189 shares of company stock worth roughly $611.45 million over the past 1 year. A total of 72.80% of the company’s stock is owned by insiders.
Chewy Inc (NYSE: CHWY) opened at $19.55 on Monday. 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 1.41, a current ratio of 0.96, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $8.31B, which is based on a 764.53 price-to-earnings ratio, a 29.81 price-to-earnings-growth ratio, and a beta of 0.87. The fifty day moving average price for CHWY is $18.87 and a two-hundred day moving average price translates $29.43 for the stock.
The latest earnings results from Chewy Inc (NYSE: CHWY) was released for Oct, 2023. According to the Internet Retail Company, earnings per share came in at -$0.08, missing analysts’ expectations of -$0.06 by -0.02. This compares to $0.01 EPS in the same period last year. The net profit margin was 0.10% and return on equity was 4.10% for CHWY. The company reported revenue of $2.74 billion for the quarter, compared to $2.53 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.15 percent. For the current quarter, analysts expect CHWY to generate $2.84B 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.
