Chewy (NYSE:CHWY) Given New $26.00 Price Target at Barclays

Chewy (NYSE:CHWY – Get Rating) had its target price lowered by Barclays from $41.00 to $26.00 in a research report issued on Tuesday, The Fly reports. Barclays‘s price target indicates a potential upside of 4.42% from the stock’s current price.

A number of other equities analysts have also weighed in on CHWY. Robert W. Baird lowered their price target on shares of Chewy from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 30th. Evercore ISI reduced their price target on Chewy from $97.00 to $57.00 in a report on Wednesday, March 30th. Morgan Stanley lowered their price target on shares of Chewy from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 30th. UBS Group cut their price objective on shares of Chewy from $46.00 to $42.00 and set a “sell” rating for the company in a research report on Wednesday, March 30th. Finally, Citigroup decreased their target price on shares of Chewy from $61.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, March 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $73.90.

CHWY stock opened at $24.90 on Tuesday. Chewy has a 12-month low of $22.68 and a 12-month high of $97.74. The business’s 50-day moving average is $36.69 and its 200 day moving average is $47.61. 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 released its earnings results on Tuesday, March 29th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Chewy had a negative net margin of 0.83% and a negative return on equity of 131.33%. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter last year, the business earned $0.05 EPS. The business’s revenue was up 16.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Chewy will post -0.43 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in CHWY. Elequin Capital LP purchased a new position in shares of Chewy during the first quarter worth about $25,000. CWM LLC acquired a new stake in shares of Chewy during the fourth quarter worth $27,000. Jacobi Capital Management LLC raised its position in Chewy by 3,636.4% during the 3rd quarter. Jacobi Capital Management LLC now owns 411 shares of the company’s stock worth $28,000 after buying an additional 400 shares during the last quarter. EMC Capital Management purchased a new stake in shares of Chewy in the fourth quarter valued at about $28,000. Finally, First Horizon Advisors Inc. increased its stake in shares of Chewy by 254.1% during the fourth quarter. First Horizon Advisors Inc. now owns 517 shares of the company’s stock worth $30,000 after acquiring an additional 371 shares during the period.

About Chewy (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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