Chewy (NYSE:CHWY) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

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

A number of other research analysts also recently commented on CHWY. Evercore ISI upped their price objective on shares of Chewy from $22.00 to $29.00 and gave the company an “in-line” rating in a research note on Wednesday, August 28th. Raymond James downgraded shares of Chewy from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 21st. Citigroup raised shares of Chewy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $28.00 to $40.00 in a research note on Friday, November 8th. Morgan Stanley upped their price objective on Chewy from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Finally, UBS Group boosted their price target on Chewy from $21.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $31.65.

Chewy Trading Down 2.7 %

Shares of CHWY stock opened at $34.89 on Friday. The company has a market capitalization of $14.59 billion, a price-to-earnings ratio of 42.55, a PEG ratio of 3.46 and a beta of 1.06. The firm has a 50-day moving average price of $29.91 and a 200 day moving average price of $26.13. Chewy has a twelve month low of $14.69 and a twelve month high of $39.10.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, August 28th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The firm had revenue of $2.86 billion during 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%. As a group, research analysts predict that Chewy will post 0.32 earnings per share for the current year.

Insider Activity at Chewy

In related news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $29.40, for a total value of $36,750,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Chewy

Institutional investors have recently made changes to their positions in the business. 1620 Investment Advisors Inc. bought a new stake in shares of Chewy in the second quarter worth $33,000. Blue Trust Inc. increased its position in shares of Chewy by 183.6% in the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock worth $38,000 after purchasing an additional 905 shares during the last quarter. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Chewy in the 2nd quarter valued at about $44,000. First Horizon Advisors Inc. acquired a new stake in shares of Chewy in the 2nd quarter valued at about $48,000. Finally, Planning Capital Management Corp bought a new position in shares of Chewy during the third quarter worth about $52,000. 93.09% of the stock is owned by institutional investors and hedge funds.

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.