Chewy, Inc. (NYSE:CHWY) Given Consensus Rating of “Buy” by Analysts

Shares of Chewy, Inc. (NYSE:CHWY – Get Rating) have been assigned an average recommendation of “Hold” from the twenty-two research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $72.35.

A number of equities analysts have recently issued reports on CHWY shares. Deutsche Bank Aktiengesellschaft started coverage on Chewy in a report on Friday, March 11th. They issued a “buy” rating and a $55.00 price objective for the company. The Goldman Sachs Group lowered their target price on Chewy from $70.00 to $59.00 and set a “neutral” rating for the company in a research note on Thursday, March 31st. UBS Group lowered their target price on Chewy from $46.00 to $42.00 and set a “sell” rating for the company in a research note on Wednesday, March 30th. Barclays lowered their target price on Chewy from $43.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 30th. Finally, Royal Bank of Canada lowered their target price on Chewy from $77.00 to $73.00 and set an “outperform” rating for the company in a research note on Wednesday, March 30th.

Chewy stock opened at $24.90 on Tuesday. The business has a 50-day simple moving average of $36.69 and a 200 day simple moving average of $47.61. Chewy has a 52 week low of $22.68 and a 52 week high of $97.74. The stock has a market cap of $10.47 billion, a price-to-earnings ratio of -138.33 and a beta of 0.75.

Chewy (NYSE:CHWY – Get Rating) last posted its quarterly earnings data on Tuesday, March 29th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). Chewy had a negative return on equity of 131.33% and a negative net margin of 0.83%. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the previous year, the company posted $0.05 earnings per share. Chewy’s revenue for the quarter was up 16.9% compared to the same quarter last year. Equities research analysts predict that Chewy will post -0.43 EPS for the current year.

Several institutional investors have recently bought and sold shares of the stock. Gabelli Funds LLC grew its stake in shares of Chewy by 17.0% in the 1st quarter. Gabelli Funds LLC now owns 9,650 shares of the company’s stock worth $394,000 after buying an additional 1,400 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Chewy in the 1st quarter worth approximately $427,000. Wealthfront Advisers LLC purchased a new stake in shares of Chewy in the 1st quarter worth approximately $1,965,000. Weiss Multi Strategy Advisers LLC purchased a new stake in shares of Chewy in the 1st quarter worth approximately $747,000. Finally, Virtu Financial LLC purchased a new stake in shares of Chewy in the 1st quarter worth approximately $477,000.

Chewy Company Profile (Get Rating)

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company 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 www.chewy.com retail Website, as well as its mobile applications.

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