Chewy (NYSE:CHWY) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Chewy (NYSE:CHWY) from a hold rating to a buy rating in a report published on Thursday, Marketbeat reports. The firm currently has $45.00 target price on the stock.

A number of other equities analysts also recently commented on CHWY. Needham & Company LLC restated a “hold” rating on shares of Chewy in a research report on Thursday. Guggenheim restated a “buy” rating and set a $45.00 price objective (up previously from $42.00) on shares of Chewy in a research report on Thursday, June 12th. JPMorgan Chase & Co. upped their price objective on shares of Chewy from $36.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, June 12th. Citizens Jmp upgraded shares of Chewy to a “strong-buy” rating in a research report on Thursday, July 10th. Finally, JMP Securities increased their price target on shares of Chewy from $39.00 to $48.00 and gave the company a “market outperform” rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.72.

Chewy Stock Performance

Shares of Chewy stock opened at $36.03 on Thursday. The company has a market cap of $14.96 billion, a P/E ratio of 102.94, a PEG ratio of 7.35 and a beta of 1.65. Chewy has a one year low of $26.28 and a one year high of $48.62. The firm has a fifty day moving average of $38.60 and a two-hundred day moving average of $38.30.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, September 10th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Chewy had a return on equity of 50.45% and a net margin of 1.22%.The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. As a group, equities analysts predict that Chewy will post 0.24 earnings per share for the current year.

Insider Activity at Chewy

In related news, CAO William G. Billings sold 20,142 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.57, for a total value of $716,450.94. Following the sale, the chief accounting officer directly owned 29,464 shares of the company’s stock, valued at approximately $1,048,034.48. This represents a 40.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sumit Singh sold 29,557 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $1,051,342.49. Following the completion of the sale, the chief executive officer directly owned 540,406 shares in the company, valued at approximately $19,222,241.42. The trade was a 5.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,008,777 shares of company stock worth $1,252,444,321. 0.43% of the stock is owned by company insiders.

Institutional Investors Weigh In On Chewy

A number of large investors have recently added to or reduced their stakes in the business. BC Partners PE LP acquired a new stake in Chewy in the 1st quarter valued at about $7,142,402,000. Invesco Ltd. grew its stake in Chewy by 34.7% in the 2nd quarter. Invesco Ltd. now owns 7,187,518 shares of the company’s stock valued at $306,332,000 after acquiring an additional 1,852,531 shares during the last quarter. State Street Corp grew its stake in Chewy by 75.5% in the 2nd quarter. State Street Corp now owns 6,170,197 shares of the company’s stock valued at $262,974,000 after acquiring an additional 2,654,496 shares during the last quarter. AQR Capital Management LLC grew its stake in Chewy by 231.1% in the 2nd quarter. AQR Capital Management LLC now owns 4,631,343 shares of the company’s stock valued at $196,323,000 after acquiring an additional 3,232,763 shares during the last quarter. Finally, Voya Investment Management LLC grew its stake in Chewy by 8.2% in the 1st quarter. Voya Investment Management LLC now owns 4,146,973 shares of the company’s stock valued at $134,818,000 after acquiring an additional 312,795 shares during the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

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 websites and mobile applications.