Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Chewy (NYSE:CHWY) Stock Price

Chewy (NYSE:CHWY) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from $24.00 to $28.00 in a report issued on Friday,Benzinga reports. They currently have a hold rating on the stock.

Other analysts have also recently issued research reports about the stock. Barclays boosted their target price on shares of Chewy from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Wedbush restated an “outperform” rating and set a $35.00 target price on shares of Chewy in a report on Thursday, August 29th. Raymond James cut shares of Chewy from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 21st. Evercore ISI boosted their target price on shares of Chewy from $22.00 to $29.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. Finally, Needham & Company LLC restated a “hold” rating on shares of Chewy in a report on Wednesday, October 23rd. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.65.

Chewy Stock Down 2.7 %

NYSE:CHWY opened at $34.90 on Friday. The stock has a market cap of $14.59 billion, a P/E ratio of 42.55, a price-to-earnings-growth ratio of 3.29 and a beta of 1.06. The firm’s fifty day simple moving average is $29.91 and its 200 day simple moving average is $25.98. Chewy has a twelve month low of $14.69 and a twelve month high of $39.10.

Chewy (NYSE:CHWY) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.86 billion. Chewy had a net margin of 3.20% and a return on equity of 21.00%. On average, analysts expect that Chewy will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $29.40, for a total transaction of $36,750,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Chewy

Several hedge funds and other institutional investors have recently made changes to their positions in CHWY. Russell Investments Group Ltd. increased its position in shares of Chewy by 27.7% during the 1st quarter. Russell Investments Group Ltd. now owns 86,542 shares of the company’s stock valued at $1,355,000 after purchasing an additional 18,768 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Chewy by 9.1% during the 1st quarter. Vanguard Group Inc. now owns 10,480,230 shares of the company’s stock valued at $166,740,000 after purchasing an additional 875,532 shares during the last quarter. EntryPoint Capital LLC increased its position in shares of Chewy by 18.0% during the 1st quarter. EntryPoint Capital LLC now owns 4,066 shares of the company’s stock valued at $65,000 after purchasing an additional 619 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Chewy by 1,301,834.4% during the 1st quarter. Lazard Asset Management LLC now owns 416,619 shares of the company’s stock valued at $6,628,000 after purchasing an additional 416,587 shares during the last quarter. Finally, Sandia Investment Management LP purchased a new stake in shares of Chewy during the 1st quarter valued at about $119,000. 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.