Chewy (NYSE:CHWY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Chewy (NYSE:CHWY) have been given a consensus rating of “Moderate Buy” by the twenty-six analysts that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $31.50.

A number of research analysts have weighed in on CHWY shares. Citizens Jmp dropped their price objective on shares of Chewy from $45.00 to $28.00 and set a “market outperform” rating on the stock in a research note on Thursday, June 11th. Robert W. Baird lowered their target price on shares of Chewy from $40.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, June 11th. Bank of America lowered their target price on shares of Chewy from $33.00 to $31.00 in a report on Thursday, June 11th. Mizuho cut their price target on Chewy from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, June 3rd. Finally, Moffett Nathanson set a $28.00 price target on Chewy in a research note on Thursday, June 11th.

Insider Buying and Selling at Chewy

In other news, General Counsel Da-Wai Hu sold 4,203 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $19.49, for a total value of $81,916.47. Following the transaction, the general counsel owned 4,103 shares in the company, valued at $79,967.47. This trade represents a 50.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Chewy

Institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI lifted its stake in Chewy by 12.5% during the 3rd quarter. National Bank of Canada FI now owns 2,910 shares of the company’s stock valued at $118,000 after acquiring an additional 324 shares in the last quarter. Dynasty Wealth Management LLC grew its stake in shares of Chewy by 6.6% in the 4th quarter. Dynasty Wealth Management LLC now owns 6,321 shares of the company’s stock worth $209,000 after acquiring an additional 394 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of Chewy by 81.4% in the 4th quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock worth $30,000 after acquiring an additional 407 shares in the last quarter. Montag A & Associates Inc. raised its holdings in shares of Chewy by 58.8% in the fourth quarter. Montag A & Associates Inc. now owns 1,270 shares of the company’s stock valued at $42,000 after purchasing an additional 470 shares during the last quarter. Finally, Utah Retirement Systems raised its holdings in shares of Chewy by 4.4% in the fourth quarter. Utah Retirement Systems now owns 11,586 shares of the company’s stock valued at $383,000 after purchasing an additional 485 shares during the last quarter. Institutional investors own 93.09% of the company’s stock.

Chewy Stock Down 0.9%

Shares of CHWY opened at $22.76 on Friday. Chewy has a 12-month low of $17.40 and a 12-month high of $43.50. The business’s fifty day moving average is $21.62 and its 200 day moving average is $23.25. The stock has a market cap of $9.32 billion, a P/E ratio of 37.94, a P/E/G ratio of 1.16 and a beta of 1.42.

Chewy Company Profile

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.