Chewy Inc (NYSE:CHWY) shares traded 3.73% higher at $32.54 on Wall Street last session.
CHWY stock price is now 6.62% away from the 50-day moving average and 34.55% away from the 200-day moving average. The market capitalization of the company currently stands at $13.28B.
On November 20, 2024, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Buy’ on the stock increasing its target price from $24 to quote $40, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Singh Sumit, Chief Executive Officer sold 46,312 shares of the company’s stock on Dec 02 ’24. The stock was sold for $1,549,896 at an average price of $33.47. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,470,125 shares in the company, valued at $47.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 02 ’24, Chief Executive Officer Singh Sumit sold 4,243 shares of the business’s stock. A total of $141,998 was realized by selling the stock at an average price of $33.47. This leaves the insider owning 148,999 shares of the company worth $4.85 million. A total of 61.41% 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 2.43, a current ratio of 0.74, and a quick ratio of 0.35. According to the stock market information, the enterprise value for the company is $13919626240, which is based on a 35.19 price-to-earnings ratio, a 0.87 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for CHWY is $30.4566 and a two-hundred day moving average price translates $24.10765 for the stock.
The latest earnings results from Chewy Inc (NYSE: CHWY) was released for 2024-07-28. The net profit margin was 3.53% and return on equity was 131.11% 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.
