Chewy (NYSE:CHWY) Given a $52.00 Price Target by Evercore ISI Analysts

Chewy (NYSE:CHWY) received a $52.00 price target from research analysts at Evercore ISI in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s price objective suggests a potential upside of 24.38% from the stock’s previous close.

A number of other research analysts also recently weighed in on CHWY. The Goldman Sachs Group upped their price target on Chewy from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, March 27th. Cowen reiterated a “buy” rating on shares of Chewy in a report on Friday, June 6th. Mizuho lowered shares of Chewy from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $43.00 to $47.00 in a research note on Monday, June 9th. Seaport Res Ptn upgraded shares of Chewy to a “hold” rating in a report on Monday, March 24th. Finally, JMP Securities cut their price target on Chewy from $40.00 to $39.00 and set a “market outperform” rating for the company in a research note on Monday, April 14th. Nine analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Chewy currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.72.

Chewy Price Performance

Shares of Chewy stock traded up $0.14 on Thursday, hitting $41.81. 2,365,933 shares of the company’s stock traded hands, compared to its average volume of 6,933,663. The company has a fifty day moving average of $39.84 and a two-hundred day moving average of $36.68. Chewy has a one year low of $19.75 and a one year high of $48.62. The company has a market capitalization of $17.29 billion, a price-to-earnings ratio of 45.88, a price-to-earnings-growth ratio of 2.21 and a beta of 1.75.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, June 11th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 EPS. Equities research analysts anticipate that Chewy will post 0.24 earnings per share for the current year.

Insider Buying and Selling at Chewy

In related news, CFO David Reeder sold 7,863 shares of Chewy stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $36.50, for a total value of $286,999.50. Following the sale, the chief financial officer now owns 11,582 shares in the company, valued at $422,743. The trade was a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sumit Singh sold 8,552 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $33.35, for a total transaction of $285,209.20. Following the completion of the transaction, the chief executive officer now owns 62,096 shares of the company’s stock, valued at $2,070,901.60. This trade represents a 12.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 236,046 shares of company stock worth $9,387,635 over the last three months. 0.43% of the stock is owned by insiders.

Hedge Funds Weigh In On Chewy

A number of institutional investors have recently bought and sold shares of CHWY. Mutual of America Capital Management LLC bought a new position in Chewy in the fourth quarter worth $2,915,000. Raymond James Financial Inc. bought a new stake in Chewy during the fourth quarter worth about $69,789,000. Polar Asset Management Partners Inc. increased its stake in shares of Chewy by 26.5% during the fourth quarter. Polar Asset Management Partners Inc. now owns 288,733 shares of the company’s stock valued at $9,670,000 after purchasing an additional 60,533 shares in the last quarter. Interval Partners LP bought a new stake in Chewy in the fourth quarter worth $1,536,000. Finally, Vanguard Group Inc. boosted its stake in Chewy by 31.8% during the 4th quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company’s stock valued at $485,093,000 after purchasing an additional 3,493,926 shares during the last quarter. 93.09% of the stock is owned by institutional investors.

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.