Chewy (NYSE:CHWY) Given New $19.00 Price Target at Raymond James

Chewy (NYSE:CHWY) had its price target lowered by Raymond James from $20.00 to $19.00 in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

CHWY has been the topic of several other reports. Needham & Company LLC reissued a buy rating and set a $25.00 target price on shares of Chewy in a research report on Thursday, March 21st. JMP Securities reissued a market outperform rating and set a $28.00 target price on shares of Chewy in a research report on Friday, March 15th. Mizuho began coverage on shares of Chewy in a research report on Tuesday, March 19th. They set a neutral rating and a $18.00 target price on the stock. Jefferies Financial Group lowered their target price on shares of Chewy from $27.00 to $25.00 and set a buy rating on the stock in a research report on Thursday, March 21st. Finally, Wedbush reissued an outperform rating and set a $25.00 target price on shares of Chewy in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $26.60.

Chewy Trading Down 0.8 %

NYSE CHWY opened at $16.25 on Thursday. Chewy has a 1-year low of $14.69 and a 1-year high of $40.78. The company has a market capitalization of $7.07 billion, a PE ratio of 203.15, a price-to-earnings-growth ratio of 8.69 and a beta of 0.91. The firm’s fifty day simple moving average is $16.24 and its 200-day simple moving average is $18.31.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.09. The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.79 billion. Chewy had a net margin of 0.33% and a return on equity of 11.69%. As a group, analysts predict that Chewy will post 0.08 EPS for the current year.

Insiders Place Their Bets

In other Chewy news, CAO Stacy Bowman sold 8,025 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total transaction of $124,628.25. Following the completion of the transaction, the chief accounting officer now owns 243,769 shares in the company, valued at $3,785,732.57. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Chewy news, CEO Sumit Singh sold 6,728 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total transaction of $104,485.84. Following the completion of the transaction, the chief executive officer now owns 129,991 shares in the company, valued at $2,018,760.23. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Stacy Bowman sold 8,025 shares of Chewy stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total transaction of $124,628.25. Following the completion of the transaction, the chief accounting officer now owns 243,769 shares of the company’s stock, valued at approximately $3,785,732.57. The disclosure for this sale can be found here. Insiders sold a total of 69,993 shares of company stock worth $1,067,363 over the last quarter. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CHWY. Daiwa Securities Group Inc. raised its stake in shares of Chewy by 26.4% in the third quarter. Daiwa Securities Group Inc. now owns 6,606 shares of the company’s stock valued at $121,000 after acquiring an additional 1,380 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Chewy by 7.9% in the third quarter. Private Advisor Group LLC now owns 11,984 shares of the company’s stock valued at $219,000 after acquiring an additional 875 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Chewy by 364.2% in the third quarter. Victory Capital Management Inc. now owns 57,662 shares of the company’s stock valued at $1,053,000 after purchasing an additional 45,240 shares in the last quarter. Versor Investments LP increased its holdings in shares of Chewy by 141.5% in the third quarter. Versor Investments LP now owns 42,218 shares of the company’s stock valued at $771,000 after purchasing an additional 24,737 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. acquired a new stake in shares of Chewy in the third quarter valued at approximately $326,000. Institutional investors own 93.09% of the company’s stock.

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.