UBS Group Issues Positive Forecast for Chewy (NYSE:CHWY) Stock Price

Chewy (NYSE:CHWY) had its target price boosted by UBS Group from $30.00 to $34.00 in a report published on Tuesday. They currently have a neutral rating on the stock.

Other equities research analysts also recently issued research reports about the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their target price on Chewy from $28.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Robert W. Baird upped their target price on Chewy from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Piper Sandler increased their price target on Chewy from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Monday. Finally, Wedbush reissued an “outperform” rating and issued a $35.00 price target on shares of Chewy in a report on Thursday, August 29th. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.80.

Chewy Trading Down 0.2 %

CHWY stock opened at $33.58 on Tuesday. The stock has a 50-day moving average price of $30.31 and a two-hundred day moving average price of $26.99. Chewy has a 12-month low of $14.69 and a 12-month high of $39.10. The company has a market cap of $14.04 billion, a PE ratio of 40.95, a price-to-earnings-growth ratio of 3.15 and a beta of 1.12.

Insider Transactions at Chewy

In related news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Chewy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHWY. California State Teachers Retirement System grew its holdings in Chewy by 2.2% in the 1st quarter. California State Teachers Retirement System now owns 108,448 shares of the company’s stock worth $1,725,000 after buying an additional 2,321 shares in the last quarter. Cetera Advisors LLC bought a new position in Chewy in the 1st quarter worth approximately $334,000. SG Americas Securities LLC grew its holdings in Chewy by 125.6% in the 2nd quarter. SG Americas Securities LLC now owns 94,838 shares of the company’s stock worth $2,583,000 after buying an additional 52,809 shares in the last quarter. Coastline Trust Co bought a new position in Chewy in the 2nd quarter worth approximately $295,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Chewy by 23.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 23,922 shares of the company’s stock worth $652,000 after buying an additional 4,613 shares in the last quarter. 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.