Chewy (NYSE:CHWY) Receives $43.78 Consensus Price Target from Analysts

Chewy (NYSE:CHWY) has received a consensus rating of “Moderate Buy” from the twenty-five research firms that are presently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $43.7778.

Several analysts have recently commented on the stock. Mizuho lowered shares of Chewy from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $43.00 to $47.00 in a research report on Monday, June 9th. Citizens Jmp raised shares of Chewy to a “strong-buy” rating in a research note on Thursday, July 10th. JMP Securities lifted their price target on shares of Chewy from $39.00 to $48.00 and gave the company a “market outperform” rating in a research report on Thursday, July 10th. Jefferies Financial Group reissued a “hold” rating and issued a $43.00 target price (up previously from $41.00) on shares of Chewy in a research report on Thursday, June 5th. Finally, Guggenheim restated a “buy” rating and set a $45.00 price target (up from $42.00) on shares of Chewy in a research note on Thursday, June 12th.

Insider Buying and Selling at Chewy

In other news, CTO Satish Mehta sold 8,727 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $35.82, for a total transaction of $312,601.14. Following the sale, the chief technology officer owned 276,467 shares of the company’s stock, valued at approximately $9,903,047.94. This represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of the stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $41.75, for a total value of $1,250,000,010.00. The disclosure for this sale can be found here. Insiders have sold 30,008,777 shares of company stock valued at $1,252,444,321 in the last quarter. Corporate insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Chewy

A number of hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust raised its position in shares of Chewy by 34.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock worth $49,000 after acquiring an additional 298 shares in the last quarter. Liberty One Investment Management LLC increased its stake in Chewy by 4.7% in the first quarter. Liberty One Investment Management LLC now owns 7,051 shares of the company’s stock valued at $229,000 after purchasing an additional 314 shares during the last quarter. North Star Investment Management Corp. increased its stake in Chewy by 26.6% in the first quarter. North Star Investment Management Corp. now owns 1,678 shares of the company’s stock valued at $55,000 after purchasing an additional 353 shares during the last quarter. Federated Hermes Inc. raised its holdings in Chewy by 2.3% during the first quarter. Federated Hermes Inc. now owns 15,685 shares of the company’s stock worth $510,000 after purchasing an additional 354 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in shares of Chewy by 5.3% during the 1st quarter. Park Avenue Securities LLC now owns 7,281 shares of the company’s stock worth $237,000 after buying an additional 364 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Stock Down 0.2%

Shares of NYSE:CHWY opened at $40.88 on Monday. Chewy has a 52-week low of $25.19 and a 52-week high of $48.62. The stock has a market cap of $16.97 billion, a P/E ratio of 45.93, a PEG ratio of 8.55 and a beta of 1.67. The business has a fifty day moving average of $39.21 and a two-hundred day moving average of $37.99.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, June 11th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. The firm had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Chewy had a net margin of 3.21% and a return on equity of 35.04%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. Chewy has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Chewy will post 0.24 earnings per share for the current year.

Chewy Company Profile

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.