Chewy, Inc. (NYSE:CHWY - Get Free Report) shares traded down 10.3% on Tuesday . The stock traded as low as $32.90 and last traded at $32.20. 1,278,957 shares were traded during trading, a decline of 72% from the average session volume of 4,550,236 shares. The stock had previously closed at $35.90.
Several equities analysts recently weighed in on the stock. JMP Securities restated a "market outperform" rating and set a $37.00 price target on shares of Chewy in a research report on Monday, December 16th. The Goldman Sachs Group increased their target price on shares of Chewy from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Barclays increased their target price on shares of Chewy from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. BNP Paribas lowered shares of Chewy from an "outperform" rating to a "neutral" rating in a research report on Thursday, December 5th. Finally, Royal Bank of Canada increased their target price on shares of Chewy from $39.00 to $42.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $37.30.
Get Our Latest Report on CHWY
The stock has a market cap of $14.26 billion, a P/E ratio of 38.49, a PEG ratio of 2.21 and a beta of 1.23. The firm's fifty day moving average price is $36.77 and its 200-day moving average price is $32.53.
Chewy (NYSE:CHWY - Get Free Report) last issued its earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.15. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The firm had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.86 billion. During the same quarter last year, the business earned ($0.08) earnings per share. The business's revenue was up 5.2% on a year-over-year basis. Sell-side analysts predict that Chewy, Inc. will post 0.24 earnings per share for the current year.
In related news, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of Chewy stock in a transaction on Friday, December 13th. The shares were sold at an average price of $31.32, for a total value of $620,989,219.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO David Reeder sold 307,558 shares of Chewy stock in a transaction on Friday, February 7th. The shares were sold at an average price of $37.48, for a total transaction of $11,527,273.84. Following the completion of the sale, the chief financial officer now owns 546,257 shares in the company, valued at approximately $20,473,712.36. This trade represents a 36.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,553,371 shares of company stock worth $933,605,214. Insiders own 2.10% of the company's stock.
Several large investors have recently added to or reduced their stakes in CHWY. Vanguard Group Inc. boosted its holdings in Chewy by 31.8% in the fourth quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company's stock valued at $485,093,000 after acquiring an additional 3,493,926 shares in the last quarter. FMR LLC boosted its holdings in shares of Chewy by 166.8% during the 3rd quarter. FMR LLC now owns 3,995,329 shares of the company's stock valued at $117,023,000 after buying an additional 2,497,689 shares in the last quarter. Durable Capital Partners LP bought a new stake in shares of Chewy during the 4th quarter valued at $79,050,000. Invesco Ltd. boosted its holdings in shares of Chewy by 4,577.5% during the 4th quarter. Invesco Ltd. now owns 2,191,146 shares of the company's stock valued at $73,381,000 after buying an additional 2,144,302 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Chewy during the 4th quarter valued at $69,789,000. Institutional investors own 93.09% of the company's stock.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Chewy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chewy wasn't on the list.
While Chewy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.