Chewy (NYSE:CHWY) Given New $22.00 Price Target at Evercore ISI

Chewy (NYSE:CHWYFree Report) had its target price hoisted by Evercore ISI from $19.00 to $22.00 in a report issued on Friday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

A number of other research firms have also recently commented on CHWY. Deutsche Bank Aktiengesellschaft upped their price objective on Chewy from $18.00 to $20.00 and gave the company a hold rating in a report on Thursday. Wedbush raised their price objective on Chewy from $25.00 to $28.00 and gave the stock an outperform rating in a research report on Thursday. Morgan Stanley upped their target price on shares of Chewy from $27.00 to $28.00 and gave the company an overweight rating in a research report on Thursday. Raymond James lifted their price target on shares of Chewy from $19.00 to $24.00 and gave the company an outperform rating in a research report on Thursday. Finally, Jefferies Financial Group decreased their price objective on shares of Chewy from $27.00 to $25.00 and set a buy rating on the stock in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Chewy presently has an average rating of Moderate Buy and an average price target of $26.84.

Read Our Latest Stock Report on Chewy

Chewy Stock Down 1.5 %

Shares of NYSE:CHWY opened at $21.22 on Friday. Chewy has a 52-week low of $14.69 and a 52-week high of $40.78. The stock has a market cap of $9.23 billion, a P/E ratio of 117.89, a PEG ratio of 10.95 and a beta of 0.91. The business has a fifty day moving average of $16.51 and a two-hundred day moving average of $18.26.

Chewy (NYSE:CHWYGet Free Report) last announced its quarterly earnings data on Wednesday, May 29th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.85 billion. Chewy had a net margin of 0.73% and a return on equity of 18.79%. On average, equities analysts anticipate that Chewy will post 0.08 earnings per share for the current year.

Insider Activity

In related news, CTO Satish Mehta sold 8,019 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $15.12, for a total transaction of $121,247.28. Following the completion of the sale, the chief technology officer now owns 569,594 shares in the company, valued at $8,612,261.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Chewy news, CTO Satish Mehta sold 8,019 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $15.12, for a total value of $121,247.28. Following the completion of the transaction, the chief technology officer now owns 569,594 shares in the company, valued at $8,612,261.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sumit Singh sold 46,090 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $15.12, for a total value of $696,880.80. Following the transaction, the chief executive officer now directly owns 1,379,100 shares in the company, valued at approximately $20,851,992. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,993 shares of company stock worth $1,067,363. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chewy

Several large investors have recently modified their holdings of CHWY. Headinvest LLC purchased a new stake in Chewy in the 3rd quarter valued at $39,000. Quest Partners LLC purchased a new position in shares of Chewy during the fourth quarter worth about $65,000. Future Financial Wealth Managment LLC acquired a new position in Chewy in the 1st quarter valued at about $65,000. EntryPoint Capital LLC raised its stake in Chewy by 18.0% during the 1st quarter. EntryPoint Capital LLC now owns 4,066 shares of the company’s stock valued at $65,000 after acquiring an additional 619 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Chewy by 37.8% during the 4th quarter. Signaturefd LLC now owns 3,358 shares of the company’s stock worth $79,000 after acquiring an additional 922 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.

About Chewy

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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 websites and mobile applications.

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Analyst Recommendations for Chewy (NYSE:CHWY)

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