In yesterday’s Wall Street session, Chewy Inc (NYSE:CHWY) shares traded at $15.42, down -7.22% from the previous session.
CHWY stock price is now -13.12% away from the 50-day moving average and -34.86% away from the 200-day moving average. The market capitalization of the company currently stands at $6.66B.
With the price target of $18, Mizuho recently initiated with Neutral rating for Chewy Inc (NYSE: CHWY). On January 11, 2024, Barclays Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $19 to quote $30, while ‘Goldman’ rates the stock as ‘Buy’
In other news, Bowman Stacy, Chief Accounting Officer sold 604 shares of the company’s stock on Mar 04 ’24. The stock was sold for $10,748 at an average price of $17.79. Upon completion of the transaction, the Chief Accounting Officer now directly owns 219,631 shares in the company, valued at $3.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’24, Chief Executive Officer Singh Sumit sold 527 shares of the business’s stock. A total of $9,378 was realized by selling the stock at an average price of $17.79. This leaves the insider owning 109,759 shares of the company worth $1.69 million. A total of 70.24% of the company’s stock is owned by insiders.
During the past 12 months, Chewy Inc has had a low of $15.65 and a high of $40.78. As of last week, the company has a debt-to-equity ratio of 1.09, a current ratio of 1.00, and a quick ratio of 0.66. According to the stock market information, the enterprise value for the company is $6.62B, which is based on a 168.89 price-to-earnings ratio, a 6.53 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for CHWY is $17.75 and a two-hundred day moving average price translates $23.67 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 $0.11, beating analysts’ expectations of -$0.04 by 0.15. This compares to $0.02 EPS in the same period last year. The net profit margin was 0.36% and return on equity was 10.93% for CHWY. The company reported revenue of $2.85 billion for the quarter, compared to $2.73 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.37 percent. For the current quarter, analysts expect CHWY to generate $2.87B in revenue.
