Chewy (NYSE:CHWY) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Chewy (NYSE:CHWY) have been assigned an average rating of “Moderate Buy” from the twenty-five research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, eighteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $32.0476.

A number of research firms recently weighed in on CHWY. Citigroup reaffirmed a “market outperform” rating on shares of Chewy in a report on Thursday, June 11th. Barclays reduced their target price on shares of Chewy from $40.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday, June 11th. UBS Group decreased their target price on shares of Chewy from $32.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, June 11th. Raymond James Financial restated a “buy” rating on shares of Chewy in a research note on Wednesday, June 10th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Chewy in a report on Tuesday, June 23rd.

Insider Activity

In other news, General Counsel Da-Wai Hu sold 4,203 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $19.49, for a total transaction of $81,916.47. Following the transaction, the general counsel directly owned 4,103 shares of the company’s stock, valued at approximately $79,967.47. This trade represents a 50.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Chewy

Institutional investors have recently bought and sold shares of the stock. CoreCap Advisors LLC increased its stake in Chewy by 306.2% during the 4th quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after buying an additional 637 shares during the period. Harbour Investments Inc. lifted its stake in shares of Chewy by 81.4% in the 4th quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock worth $30,000 after acquiring an additional 407 shares during the period. Osterweis Capital Management Inc. bought a new position in shares of Chewy in the second quarter valued at approximately $30,000. Los Angeles Capital Management LLC bought a new position in shares of Chewy in the fourth quarter valued at approximately $31,000. Finally, Modus Advisors LLC acquired a new position in shares of Chewy during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Stock Performance

CHWY stock opened at $22.59 on Monday. Chewy has a 1 year low of $17.40 and a 1 year high of $43.50. The stock has a market capitalization of $9.25 billion, a price-to-earnings ratio of 37.65, a PEG ratio of 1.14 and a beta of 1.45. The stock’s fifty day moving average is $20.50 and its two-hundred day moving average is $24.26.

About Chewy

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.