The stock of Chewy Inc (NYSE:CHWY) last traded at $35.87, up 3.61% from the previous session.
CHWY stock price is now 20.13% away from the 50-day moving average and 55.05% away from the 200-day moving average. The market capitalization of the company currently stands at $14.63B.
With the price target enhanced from $24 to $40, BofA Securities Upgraded its rating from Underperform to Buy for Chewy Inc (NYSE: CHWY). On November 08, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $28 to quote $40, while ‘Needham’ rates the stock as ‘Hold’
In other news, Argos Holdings GP LLC, 10% Owner sold 1,250,000 shares of the company’s stock on Oct 15 ’24. The stock was sold for $36,750,000 at an average price of $29.40. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 23 ’24, 10% Owner Argos Holdings GP LLC sold 26,870,748 shares of the business’s stock. A total of $789,999,991 was realized by selling the stock at an average price of $29.40. A total of 68.18% of the company’s stock is owned by insiders.
During the past 12 months, Chewy Inc has had a low of $14.69 and a high of $39.10. As of last week, the company has a debt-to-equity ratio of 1.13, a current ratio of 0.85, and a quick ratio of 0.46. According to the stock market information, the enterprise value for the company is $14860992512, which is based on a 43.10 price-to-earnings ratio, a 1.07 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for CHWY is $29.7612 and a two-hundred day moving average price translates $23.0395 for the stock.
The latest earnings results from Chewy Inc (NYSE: CHWY) was released for 2024-07-28. The net profit margin was 3.22% and return on equity was 85.62% for CHWY. The company reported revenue of $2.86 billion for the quarter, compared to $2.79 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.63 percent.
