The price of Chewy Inc (NYSE:CHWY) shares last traded on Wall Street rose 3.75% to $37.39.
CHWY stock price is now 12.42% away from the 50-day moving average and 43.22% away from the 200-day moving average. The market capitalization of the company currently stands at $15.28B.
With the price target enhanced from $34 to $47, Evercore ISI Upgraded its rating from In-line to Outperform for Chewy Inc (NYSE: CHWY). On January 06, 2025, Mizuho Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $24 to quote $42, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, Singh Sumit, Officer bought 114,130 shares of the company’s stock on Jan 15 ’25. The stock was bought for $4,302,267 at an average price of $37.70. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 13 ’25, Chief Technology Officer Mehta Satish sold 168,105 shares of the business’s stock. A total of $6,106,081 was realized by selling the stock at an average price of $36.32. This leaves the insider owning 417,857 shares of the company worth $15.62 million. A total of 60.91% 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 40.44 price-to-earnings ratio, a 1.00 price-to-earnings-growth ratio, and a beta of 1.08. The fifty day moving average price for CHWY is $33.051 and a two-hundred day moving average price translates $25.9995 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.
