Chewy (NYSE:CHWY) Receives $42.91 Consensus Price Target from Analysts

Shares of Chewy (NYSE:CHWY) have received a consensus rating of “Moderate Buy” from the twenty-five brokerages that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $42.9091.

CHWY has been the topic of several recent research reports. Royal Bank Of Canada raised their price target on Chewy from $43.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, March 30th. Wolfe Research set a $44.00 price objective on Chewy in a research note on Monday, January 5th. Barclays dropped their target price on Chewy from $52.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. TD Cowen raised their target price on Chewy from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, March 26th. Finally, Bank of America lowered their price target on shares of Chewy from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, March 26th.

Chewy Stock Down 2.9%

Shares of NYSE:CHWY opened at $25.27 on Friday. The company has a market cap of $10.53 billion, a PE ratio of 48.59, a P/E/G ratio of 1.13 and a beta of 1.61. Chewy has a fifty-two week low of $22.74 and a fifty-two week high of $48.62. The firm has a 50-day simple moving average of $25.93 and a 200 day simple moving average of $30.39.

Chewy (NYSE:CHWY) last issued its earnings results on Wednesday, March 25th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.19). The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.26 billion. Chewy had a return on equity of 53.48% and a net margin of 1.77%.The business’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. As a group, research analysts forecast that Chewy will post 0.89 EPS for the current fiscal year.

Insider Activity

In other Chewy news, General Counsel Da-Wai Hu sold 8,149 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total transaction of $219,289.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Satish Mehta sold 13,013 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $28.99, for a total transaction of $377,246.87. Following the completion of the transaction, the chief technology officer owned 273,835 shares of the company’s stock, valued at approximately $7,938,476.65. This trade represents a 4.54% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Chewy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHWY. Quent Capital LLC bought a new stake in Chewy during the 3rd quarter valued at $27,000. CoreCap Advisors LLC grew its stake in shares of Chewy by 306.3% in the fourth quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock worth $28,000 after purchasing an additional 637 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of Chewy by 81.4% in the fourth quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock worth $30,000 after purchasing an additional 407 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in shares of Chewy during the second quarter valued at $30,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Chewy during the fourth quarter valued at $31,000. 93.09% of the stock is owned by institutional investors.

Chewy Company Profile

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.