Chewy (NYSE:CHWY) Stock Price Up 6.6%

Chewy, Inc. (NYSE:CHWY)’s share price traded up 6.6% on Monday . The stock traded as high as $27.27 and last traded at $27.15. 16,842,359 shares were traded during trading, an increase of 77% from the average session volume of 9,492,054 shares. The stock had previously closed at $25.47.

Wall Street Analysts Forecast Growth

CHWY has been the topic of a number of research reports. Royal Bank of Canada cut their price objective on Chewy from $35.00 to $22.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Raymond James raised their price target on shares of Chewy from $19.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th. Bank of America decreased their price objective on shares of Chewy from $17.00 to $16.50 and set an “underperform” rating for the company in a research note on Thursday, March 21st. Morgan Stanley increased their price objective on shares of Chewy from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Finally, Evercore ISI upped their price target on shares of Chewy from $19.00 to $22.00 and gave the company an “in-line” rating in a report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.31.

Chewy Stock Down 2.8 %

The company’s 50-day moving average price is $19.10 and its 200-day moving average price is $18.80. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 160.50, a price-to-earnings-growth ratio of 4.97 and a beta of 1.00.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, May 29th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.04 by $0.11. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.85 billion. Chewy had a return on equity of 16.62% and a net margin of 0.73%. Analysts predict that Chewy, Inc. will post 0.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Chewy

In related news, CAO Stacy Bowman sold 8,025 shares of the company’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 sale, the chief accounting officer now owns 243,769 shares of the company’s stock, valued at approximately $3,785,732.57. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Stacy Bowman sold 8,025 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total transaction of $124,628.25. Following the transaction, the chief accounting officer now directly owns 243,769 shares in the company, valued at approximately $3,785,732.57. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Satish Mehta sold 8,019 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $15.12, for a total value of $121,247.28. Following the completion of the sale, the chief technology officer now directly owns 569,594 shares of the company’s stock, valued at approximately $8,612,261.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,862 shares of company stock worth $1,047,242. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Chewy

Hedge funds have recently modified their holdings of the company. Headinvest LLC acquired a new stake in Chewy during the third quarter worth $39,000. Quest Partners LLC acquired a new stake in shares of Chewy during the 4th quarter worth about $65,000. Future Financial Wealth Managment LLC purchased a new stake in Chewy in the 1st quarter valued at about $65,000. EntryPoint Capital LLC lifted its position in Chewy by 18.0% in the first quarter. EntryPoint Capital LLC now owns 4,066 shares of the company’s stock valued at $65,000 after buying an additional 619 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in Chewy by 37.8% during the fourth quarter. Signaturefd LLC now owns 3,358 shares of the company’s stock worth $79,000 after buying an additional 922 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

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.