Chewy (CHWY) Set to Announce Quarterly Earnings on Wednesday

Chewy (NYSE:CHWY – Get Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, March 22nd. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Chewy Trading Down 1.7 %

CHWY stock opened at $38.60 on Wednesday. The stock has a market capitalization of $16.34 billion, a P/E ratio of -771.85, a price-to-earnings-growth ratio of 15.73 and a beta of 0.79. Chewy has a 12 month low of $22.22 and a 12 month high of $52.88. The firm has a 50-day moving average price of $42.77 and a 200-day moving average price of $39.41.

Insider Buying and Selling at Chewy

In other Chewy news, CTO Satish Mehta sold 4,635 shares of the stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $39.74, for a total transaction of $184,194.90. Following the completion of the sale, the chief technology officer now owns 412,485 shares of the company’s stock, valued at approximately $16,392,153.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CTO Satish Mehta sold 4,635 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $39.74, for a total transaction of $184,194.90. Following the completion of the sale, the chief technology officer now owns 412,485 shares of the company’s stock, valued at approximately $16,392,153.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Susan Helfrick sold 19,662 shares of the firm’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $40.48, for a total transaction of $795,917.76. Following the sale, the general counsel now directly owns 107,623 shares of the company’s stock, valued at approximately $4,356,579.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 105,663 shares of company stock valued at $4,462,645. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Chewy

Large investors have recently modified their holdings of the stock. Captrust Financial Advisors grew its position in shares of Chewy by 47.6% during the 2nd quarter. Captrust Financial Advisors now owns 2,589 shares of the company’s stock worth $90,000 after buying an additional 835 shares during the period. Pearl River Capital LLC acquired a new stake in Chewy in the 1st quarter valued at $206,000. Mariner LLC acquired a new stake in Chewy in the 4th quarter valued at $205,000. Virtu Financial LLC acquired a new stake in Chewy in the 4th quarter valued at $208,000. Finally, American Trust acquired a new stake in Chewy in the 4th quarter valued at $209,000. Institutional investors and hedge funds own 99.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Roth Capital reissued a “buy” rating on shares of Chewy in a report on Thursday, March 9th. Morgan Stanley dropped their target price on shares of Chewy from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, January 18th. Gordon Haskett assumed coverage on shares of Chewy in a report on Wednesday, February 15th. They issued a “hold” rating and a $46.00 target price for the company. Evercore ISI increased their target price on shares of Chewy to $55.00 in a report on Monday, December 12th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price objective on shares of Chewy in a report on Tuesday, March 7th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Chewy currently has a consensus rating of “Moderate Buy” and an average price target of $45.52.

About Chewy

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Chewy, Inc operates as a pure-play pet e-tailer in the United States. It supplies pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles. The company was founded by Ryan Cohen and Michael Day in September 2011 and is headquartered in Dania Beach, FL.