Chewy (CHWY) Projected to Post Earnings on Wednesday

Chewy (NYSE:CHWY) is expected to be announcing its earnings results before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of $0.20 per share and revenue of $3.20 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Chewy Stock Down 3.3 %

Shares of NYSE:CHWY opened at $31.96 on Wednesday. The firm has a market capitalization of $13.01 billion, a P/E ratio of 35.12, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23. The firm has a fifty day moving average of $36.46 and a two-hundred day moving average of $32.92. Chewy has a 12-month low of $14.69 and a 12-month high of $40.09.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CHWY. Bank of America upgraded shares of Chewy from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $24.00 to $40.00 in a report on Wednesday, November 20th. Wedbush restated an “outperform” rating and issued a $39.00 price target on shares of Chewy in a research report on Monday. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research report on Thursday, December 5th. Royal Bank of Canada lifted their target price on shares of Chewy from $39.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Chewy from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.30.

Insider Transactions at Chewy

In other Chewy news, CTO Satish Mehta sold 71,365 shares of Chewy stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $35.60, for a total value of $2,540,594.00. Following the completion of the sale, the chief technology officer now owns 262,853 shares in the company, valued at $9,357,566.80. The trade was a 21.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sumit Singh sold 71,161 shares of Chewy stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $35.00, for a total transaction of $2,490,635.00. Following the completion of the sale, the chief executive officer now owns 6,677 shares of the company’s stock, valued at $233,695. This trade represents a 91.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,797,494 shares of company stock worth $315,156,588. 2.10% of the stock is owned by insiders.

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.