Chewy, Inc. (NYSE:CHWY) Given Consensus Rating of “Moderate Buy” by Analysts

Chewy, Inc. (NYSE:CHWY) has earned a consensus rating of “Moderate Buy” from the twenty-two brokerages that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $37.95.

A number of equities research analysts have recently weighed in on CHWY shares. Guggenheim set a $42.00 price objective on Chewy and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Argus raised shares of Chewy from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird raised their target price on shares of Chewy from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Wolfe Research upgraded shares of Chewy from a “peer perform” rating to an “outperform” rating in a research report on Friday, January 3rd. Finally, Morgan Stanley raised their price objective on shares of Chewy from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, January 13th.

Chewy Price Performance

NYSE CHWY opened at $32.38 on Friday. Chewy has a 1 year low of $14.69 and a 1 year high of $40.09. The stock has a market capitalization of $13.18 billion, a PE ratio of 35.58, a PEG ratio of 2.21 and a beta of 1.23. The business’s 50-day moving average is $36.30 and its 200 day moving average is $32.92.

Insiders Place Their Bets

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $35.77, for a total value of $250,390,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sumit Singh sold 571,903 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $34.52, for a total transaction of $19,742,091.56. Following the transaction, the chief executive officer now owns 898,222 shares in the company, valued at $31,006,623.44. This represents a 38.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,726,333 shares of company stock valued at $312,843,856. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CHWY. Victory Capital Management Inc. boosted its holdings in Chewy by 78.3% in the third quarter. Victory Capital Management Inc. now owns 55,779 shares of the company’s stock worth $1,634,000 after purchasing an additional 24,493 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of Chewy by 88.2% in the 3rd quarter. Natixis Advisors LLC now owns 176,450 shares of the company’s stock worth $5,168,000 after buying an additional 82,713 shares during the last quarter. Swiss National Bank grew its holdings in shares of Chewy by 11.8% in the third quarter. Swiss National Bank now owns 299,100 shares of the company’s stock worth $8,761,000 after acquiring an additional 31,500 shares during the period. Quest Partners LLC purchased a new stake in Chewy during the third quarter valued at $229,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Chewy by 4.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 528,215 shares of the company’s stock valued at $15,471,000 after acquiring an additional 24,798 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.

About Chewy

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.