Chewy (NYSE:CHWY) Price Target Cut to $25.00 by Analysts at UBS Group

Chewy (NYSE:CHWY) had its price objective decreased by UBS Group from $26.00 to $25.00 in a report issued on Thursday morning, MarketBeat Ratings reports. UBS Group currently has a sell rating on the stock.

CHWY has been the subject of a number of other research reports. Gordon Haskett raised shares of Chewy from a hold rating to a buy rating and set a $40.00 price target for the company in a research report on Thursday, June 1st. JPMorgan Chase & Co. decreased their price objective on shares of Chewy from $56.00 to $48.00 and set an overweight rating for the company in a report on Thursday. Barclays decreased their price objective on shares of Chewy from $35.00 to $28.00 and set an equal weight rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Chewy from $35.00 to $37.00 in a report on Thursday, June 1st. Finally, Raymond James decreased their price objective on shares of Chewy from $36.00 to $33.00 and set an outperform rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Chewy currently has an average rating of Moderate Buy and an average target price of $38.95.

Chewy Trading Down 12.3 %

CHWY stock opened at $23.98 on Thursday. Chewy has a twelve month low of $23.03 and a twelve month high of $52.88. The company has a market capitalization of $10.25 billion, a P/E ratio of 199.79, a PEG ratio of 201.39 and a beta of 0.85. The firm has a 50 day simple moving average of $33.24 and a 200-day simple moving average of $35.37.

Chewy (NYSE:CHWY) last released its quarterly earnings results on Wednesday, May 31st. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.12. Chewy had a net margin of 0.51% and a return on equity of 39.90%. The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.73 billion.

Insider Activity at Chewy

In related news, insider Stacy Bowman sold 13,571 shares of Chewy stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $39.72, for a total transaction of $539,040.12. Following the sale, the insider now directly owns 282,514 shares in the company, valued at $11,221,456.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Chewy news, insider Stacy Bowman sold 13,571 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $39.72, for a total value of $539,040.12. Following the sale, the insider now directly owns 282,514 shares in the company, valued at $11,221,456.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mario Jesus Marte sold 100,000 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $40.00, for a total transaction of $4,000,000.00. Following the completion of the sale, the chief financial officer now owns 203,023 shares in the company, valued at $8,120,920. The disclosure for this sale can be found here. Insiders have sold a total of 304,798 shares of company stock worth $12,007,357 over the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Chewy

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Chewy by 7.3% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 7,321 shares of the company’s stock worth $274,000 after acquiring an additional 497 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in Chewy by 2.8% in the 1st quarter. Pinnacle Associates Ltd. now owns 20,239 shares of the company’s stock worth $757,000 after purchasing an additional 550 shares in the last quarter. Toronto Dominion Bank increased its stake in Chewy by 131.8% in the 4th quarter. Toronto Dominion Bank now owns 62,883 shares of the company’s stock worth $2,330,000 after purchasing an additional 35,754 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in Chewy by 196.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 48,428 shares of the company’s stock worth $1,796,000 after purchasing an additional 32,100 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Chewy by 125.8% in the 1st quarter. SG Americas Securities LLC now owns 31,048 shares of the company’s stock worth $1,161,000 after purchasing an additional 17,297 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors.

About Chewy

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