Chewy (NYSE:CHWY) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Chewy (NYSE:CHWY) in a research report report published on Tuesday morning, BenzingaRatingsTable reports. The brokerage issued an overweight rating and a $42.00 price objective on the stock.

CHWY has been the topic of several other research reports. Bank of America reissued a buy rating and issued a $43.00 target price (up previously from $36.00) on shares of The Medicines in a research note on Tuesday. Barclays increased their target price on shares of Roper Technologies from $342.00 to $355.00 and gave the company an equal weight rating in a research note on Tuesday. William Blair began coverage on shares of Chewy in a research note on Tuesday. They issued an outperform rating on the stock. Wedbush began coverage on shares of Chewy in a research note on Thursday, June 20th. They issued a neutral rating on the stock. Finally, UBS Group began coverage on shares of Chewy in a research note on Tuesday. They issued a buy rating and a $42.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $37.44.

Shares of CHWY opened at $33.38 on Tuesday. Chewy has a twelve month low of $30.78 and a twelve month high of $41.34.

In related news, CEO Sumit Singh purchased 11,000 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were purchased at an average cost of $22.00 per share, for a total transaction of $242,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 47,875,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $20.90, for a total transaction of $1,000,587,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 152,500 shares of company stock worth $3,355,000.

About Chewy

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food, pet products, pet medications, and other pet health products for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications.

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Analyst Recommendations for Chewy (NYSE:CHWY)

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