Chewy (CHWY) – Investment Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Chewy (NYSE: CHWY) in the last few weeks:

  • 9/6/2022 – Chewy had its price target raised by analysts at Piper Sandler to $34.00.
  • 9/6/2022 – Chewy had its price target lowered by analysts at Evercore ISI to $54.00.
  • 8/31/2022 – Chewy had its price target lowered by analysts at JPMorgan Chase & Co. from $56.00 to $55.00. They now have an “overweight” rating on the stock.
  • 8/31/2022 – Chewy had its price target lowered by analysts at Royal Bank of Canada from $59.00 to $56.00. They now have an “outperform” rating on the stock.
  • 8/31/2022 – Chewy had its price target lowered by analysts at Wedbush from $44.00 to $35.00. They now have a “neutral” rating on the stock.
  • 8/31/2022 – Chewy had its price target lowered by analysts at Morgan Stanley from $42.00 to $39.00. They now have an “equal weight” rating on the stock.
  • 8/31/2022 – Chewy had its price target lowered by analysts at Guggenheim from $55.00 to $50.00. They now have a “buy” rating on the stock.
  • 8/31/2022 – Chewy had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $52.00 to $40.00.
  • 8/29/2022 – Chewy had its price target raised by analysts at Barclays PLC from $28.00 to $30.00. They now have an “equal weight” rating on the stock.
  • 8/26/2022 – Chewy had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $35.00 to $52.00. They now have a “buy” rating on the stock.
  • 8/23/2022 – Chewy had its price target raised by analysts at Citigroup Inc. from $29.00 to $44.00. They now have a “neutral” rating on the stock.
  • 7/26/2022 – Chewy was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating. They now have a $44.00 price target on the stock, up previously from $35.00.

Chewy Trading Down 8.7 %

CHWY opened at $32.49 on Wednesday. The company has a market cap of $13.73 billion, a P/E ratio of -232.05 and a beta of 0.44. The business’s 50-day moving average price is $40.73 and its 200-day moving average price is $37.06. Chewy, Inc. has a 12 month low of $22.22 and a 12 month high of $80.57.

Chewy (NYSE:CHWYGet Rating) last released its quarterly earnings data on Tuesday, August 30th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.16. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.45 billion. Chewy had a negative return on equity of 85.74% and a negative net margin of 0.58%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) earnings per share. Equities research analysts forecast that Chewy, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Activity at Chewy

In related news, insider Stacy Bowman sold 11,422 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $50.00, for a total value of $571,100.00. Following the transaction, the insider now directly owns 181,970 shares of the company’s stock, valued at approximately $9,098,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Chewy news, CEO Sumit Singh sold 11,748 shares of the firm’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $40.46, for a total value of $475,324.08. Following the completion of the sale, the chief executive officer now owns 47,613 shares of the company’s stock, valued at $1,926,421.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Stacy Bowman sold 11,422 shares of Chewy stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $50.00, for a total transaction of $571,100.00. Following the transaction, the insider now directly owns 181,970 shares in the company, valued at $9,098,500. The disclosure for this sale can be found here. Insiders have sold a total of 241,156 shares of company stock worth $11,790,954 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Chewy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Clearstead Advisors LLC grew its stake in Chewy by 27.2% during the 2nd quarter. Clearstead Advisors LLC now owns 1,103 shares of the company’s stock valued at $38,000 after acquiring an additional 236 shares in the last quarter. OLD National Bancorp IN boosted its stake in Chewy by 1.8% during the 2nd quarter. OLD National Bancorp IN now owns 15,517 shares of the company’s stock worth $539,000 after purchasing an additional 272 shares during the period. Nissay Asset Management Corp Japan ADV boosted its stake in Chewy by 3.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 9,914 shares of the company’s stock worth $585,000 after purchasing an additional 289 shares during the period. Cetera Advisor Networks LLC lifted its stake in shares of Chewy by 3.6% in the second quarter. Cetera Advisor Networks LLC now owns 8,804 shares of the company’s stock valued at $306,000 after purchasing an additional 305 shares during the period. Finally, Prospera Financial Services Inc lifted its stake in shares of Chewy by 43.6% in the second quarter. Prospera Financial Services Inc now owns 1,212 shares of the company’s stock valued at $42,000 after purchasing an additional 368 shares during the period. 99.39% of the stock is currently owned by institutional investors and hedge funds.

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

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