Chewy Inc (NYSE:CHWY) Receives $37.44 Average PT from Analysts

Chewy Inc (NYSE:CHWY) has been given a consensus recommendation of “Hold” by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $37.44.

Several analysts recently issued reports on CHWY shares. Jefferies Financial Group reiterated a “buy” rating and set a $30.00 target price on shares of Amarin in a report on Tuesday, July 9th. Raymond James set a C$31.00 target price on Endeavour Mining and gave the stock an “outperform” rating in a report on Tuesday, July 9th. UBS Group started coverage on Chewy in a report on Tuesday, July 9th. They set a “buy” rating and a $42.00 target price on the stock. Bank of America reiterated a “buy” rating and set a $43.00 target price (up previously from $36.00) on shares of The Medicines in a report on Tuesday, July 9th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 485 ($6.34) target price on shares of in a report on Tuesday, July 9th.

In other news, CEO Sumit Singh bought 11,000 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were bought at an average price of $22.00 per share, with a total value of $242,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 47,875,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $20.90, for a total value of $1,000,587,500.00. The disclosure for this sale can be found here. Insiders acquired 152,500 shares of company stock worth $3,355,000 in the last 90 days.

Shares of Chewy stock traded down $0.28 during trading on Tuesday, reaching $32.81. The stock had a trading volume of 1,799,900 shares, compared to its average volume of 4,375,705. Chewy has a 52 week low of $30.78 and a 52 week high of $41.34.

Chewy Company Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food, pet products, pet medications, and other pet health products for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications.

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Analyst Recommendations for Chewy (NYSE:CHWY)

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