Chewy (NYSE:CHWY) Given New $28.00 Price Target at Deutsche Bank Aktiengesellschaft

Chewy (NYSE:CHWY) had its price target hoisted by Deutsche Bank Aktiengesellschaft from $24.00 to $28.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other research firms also recently weighed in on CHWY. Barclays upped their price target on Chewy from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. TD Cowen initiated coverage on Chewy in a research note on Wednesday, October 9th. They issued a “buy” rating and a $38.00 price target for the company. JPMorgan Chase & Co. upped their price target on Chewy from $28.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Bank of America upgraded Chewy from an “underperform” rating to a “buy” rating and upped their price target for the stock from $24.00 to $40.00 in a research note on Wednesday. Finally, Raymond James downgraded Chewy from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 21st. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.65.

Chewy Trading Down 2.7 %

Chewy stock opened at $34.90 on Friday. The firm has a 50 day moving average of $29.91 and a 200 day moving average of $25.98. The firm has a market capitalization of $14.59 billion, a price-to-earnings ratio of 42.55, a P/E/G ratio of 3.29 and a beta of 1.06. Chewy has a 12-month low of $14.69 and a 12-month high of $39.10.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, August 28th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.86 billion. Chewy had a net margin of 3.20% and a return on equity of 21.00%. On average, analysts predict that Chewy will post 0.32 EPS for the current year.

Insider Activity at Chewy

In related news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $29.40, for a total transaction of $36,750,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.10% of the stock is currently owned by insiders.

Institutional Trading of Chewy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. EntryPoint Capital LLC increased its stake in Chewy by 18.0% in the first quarter. EntryPoint Capital LLC now owns 4,066 shares of the company’s stock worth $65,000 after purchasing an additional 619 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in Chewy by 3.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 28,359 shares of the company’s stock worth $451,000 after purchasing an additional 870 shares during the period. Blue Trust Inc. increased its stake in Chewy by 183.6% in the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock worth $38,000 after purchasing an additional 905 shares during the period. Washington Trust Advisors Inc. increased its stake in Chewy by 0.3% in the third quarter. Washington Trust Advisors Inc. now owns 278,452 shares of the company’s stock worth $8,156,000 after purchasing an additional 923 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Chewy by 10.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company’s stock worth $308,000 after purchasing an additional 1,029 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

About Chewy

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.