Chewy (NYSE:CHWY) Given New $40.00 Price Target at Robert W. Baird

Chewy (NYSE:CHWY) had its price objective boosted by Robert W. Baird from $35.00 to $40.00 in a report issued on Monday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other research firms have also issued reports on CHWY. JPMorgan Chase & Co. raised their price target on Chewy from $28.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Barclays increased their price objective on shares of Chewy from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. 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 research report on Wednesday, August 28th. Morgan Stanley increased their price target on shares of Chewy from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Chewy from $24.00 to $28.00 and gave the company a “hold” rating in a research report on Friday. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.35.

Chewy Stock Down 0.8 %

NYSE CHWY opened at $34.61 on Monday. The firm has a 50-day moving average price of $29.95 and a two-hundred day moving average price of $26.26. Chewy has a 12-month low of $14.69 and a 12-month high of $39.10. The company has a market capitalization of $14.47 billion, a P/E ratio of 42.21, a P/E/G ratio of 3.36 and a beta of 1.06.

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

Insider Buying and Selling at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 26,870,748 shares of Chewy stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $29.40, for a total transaction of $789,999,991.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. 1620 Investment Advisors Inc. acquired a new stake in shares of Chewy in the second quarter valued at about $33,000. Blue Trust Inc. lifted its stake in shares of Chewy by 183.6% in the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock worth $38,000 after acquiring an additional 905 shares during the period. Industrial Alliance Investment Management Inc. bought a new stake in Chewy in the second quarter valued at approximately $44,000. First Horizon Advisors Inc. acquired a new stake in Chewy during the 2nd quarter valued at approximately $48,000. Finally, Planning Capital Management Corp bought a new position in Chewy during the 3rd quarter worth approximately $52,000. 93.09% of the stock is owned by institutional investors.

Chewy Company Profile

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.