Chewy (NYSE:CHWY) Stock Rating Upgraded by Mizuho

Chewy (NYSE:CHWY) was upgraded by research analysts at Mizuho from a “neutral” rating to an “outperform” rating in a research report issued on Monday, Marketbeat.com reports. The firm currently has a $42.00 price target on the stock, up from their previous price target of $24.00. Mizuho’s price objective points to a potential upside of 17.15% from the stock’s previous close.

Several other analysts have also recently commented on CHWY. UBS Group raised their price objective on shares of Chewy from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Bank of America upgraded shares of Chewy from an “underperform” rating to a “buy” rating and lifted their price target for the company from $24.00 to $40.00 in a research report on Wednesday, November 20th. Wedbush reaffirmed an “outperform” rating and issued a $39.00 price objective (up from $35.00) on shares of Chewy in a research note on Thursday, December 5th. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research report on Thursday, December 5th. Finally, BNP Paribas lowered Chewy from an “outperform” rating to a “neutral” rating in a report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.70.

Chewy Trading Down 3.3 %

Shares of CHWY opened at $35.85 on Monday. The firm has a market capitalization of $14.60 billion, a PE ratio of 39.40, a P/E/G ratio of 4.28 and a beta of 1.10. The stock’s 50 day moving average is $32.73 and its two-hundred day moving average is $29.13. Chewy has a twelve month low of $14.69 and a twelve month high of $39.10.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.15. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the prior year, the company posted ($0.08) earnings per share. Chewy’s quarterly revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts predict that Chewy will post 0.24 EPS for the current year.

Insider Buying and Selling at Chewy

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of Chewy 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sumit Singh sold 71,161 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $32.50, for a total transaction of $2,312,732.50. Following the transaction, the chief executive officer now owns 77,838 shares in the company, valued at approximately $2,529,735. The trade was a 47.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,990,619 shares of company stock worth $689,372,618. Insiders own 2.10% of the company’s stock.

Institutional Trading of Chewy

Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. raised its holdings in Chewy by 183.6% in the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after buying an additional 905 shares during the period. Planning Capital Management Corp purchased a new position in shares of Chewy in the 3rd quarter valued at $52,000. Future Financial Wealth Managment LLC purchased a new position in shares of Chewy in the 3rd quarter valued at $62,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Chewy during the 3rd quarter valued at $63,000. Finally, Castleview Partners LLC purchased a new stake in Chewy during the 3rd quarter worth $76,000. 93.09% of the stock is owned by hedge funds and other 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.