Chewy’s (CHWY) Outperform Rating Reaffirmed at Mizuho

Chewy (NYSE:CHWY)‘s stock had its “outperform” rating reiterated by Mizuho in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $50.00 price objective on the stock. Mizuho’s target price points to a potential upside of 49.31% from the stock’s previous close.

A number of other analysts have also recently commented on CHWY. JPMorgan Chase & Co. dropped their price objective on Chewy from $47.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. Royal Bank Of Canada decreased their target price on Chewy from $44.00 to $43.00 and set an “outperform” rating for the company in a report on Thursday, September 11th. JMP Securities reissued a “market outperform” rating and set a $48.00 price target on shares of Chewy in a research report on Thursday, September 11th. Wedbush reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Chewy in a research report on Thursday, September 11th. Finally, Moffett Nathanson raised Chewy from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Thursday, September 25th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $45.84.

Chewy Stock Up 1.7%

CHWY stock traded up $0.57 during trading on Tuesday, reaching $33.49. The stock had a trading volume of 9,423,067 shares, compared to its average volume of 6,658,394. Chewy has a one year low of $28.82 and a one year high of $48.62. The company’s 50 day moving average is $38.07 and its two-hundred day moving average is $39.36. The company has a market capitalization of $13.89 billion, a price-to-earnings ratio of 95.68, a P/E/G ratio of 8.41 and a beta of 1.67.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, September 10th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.19). Chewy had a net margin of 1.22% and a return on equity of 50.45%. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter last year, the business posted $0.24 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. As a group, research analysts predict that Chewy will post 0.24 earnings per share for the current fiscal year.

Institutional Trading of Chewy

Several institutional investors have recently added to or reduced their stakes in the business. Aigen Investment Management LP bought a new stake in shares of Chewy during the 1st quarter valued at $791,000. Jefferies Financial Group Inc. purchased a new position in shares of Chewy in the 1st quarter worth $3,251,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Chewy during the 2nd quarter worth about $6,480,000. D.A. Davidson & CO. boosted its stake in shares of Chewy by 38.7% during the 1st quarter. D.A. Davidson & CO. now owns 43,725 shares of the company’s stock worth $1,422,000 after purchasing an additional 12,206 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Chewy by 74.5% during the 1st quarter. Victory Capital Management Inc. now owns 139,889 shares of the company’s stock valued at $4,548,000 after buying an additional 59,711 shares in the last quarter. 93.09% of the stock is currently 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.