Chewy (NYSE:CHWY) Earns Outperform Rating from Analysts at William Blair

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William Blair initiated coverage on shares of Chewy (NYSE:CHWY) in a report published on Tuesday, BenzingaRatingsTable reports. The firm issued an outperform rating on the stock. William Blair also issued estimates for Chewy’s Q2 2020 earnings at ($0.11) EPS, Q3 2020 earnings at ($0.10) EPS, Q4 2020 earnings at ($0.10) EPS, FY2020 earnings at ($0.39) EPS, Q1 2021 earnings at ($0.08) EPS, Q2 2021 earnings at ($0.07) EPS, Q3 2021 earnings at ($0.04) EPS, Q4 2021 earnings at ($0.05) EPS, FY2021 earnings at ($0.24) EPS and FY2022 earnings at ($0.11) EPS.

CHWY has been the topic of a number of other reports. UBS Group initiated coverage on shares of Chewy in a research note on Tuesday. They issued a buy rating and a $42.00 target price on the stock. Wedbush initiated coverage on shares of Chewy in a research note on Thursday, June 20th. They set a neutral rating on the stock. Finally, Barclays upped their price target on shares of Roper Technologies from $342.00 to $355.00 and gave the company an equal weight rating in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $37.44.

Chewy stock opened at $33.38 on Tuesday. Chewy has a fifty-two week low of $30.78 and a fifty-two week high of $41.34.

In other news, CFO Mario Jesus Marte bought 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were acquired at an average price of $22.00 per share, with a total value of $330,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 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 stock was sold at an average price of $20.90, for a total transaction of $1,000,587,500.00. The disclosure for this sale can be found here. Insiders have purchased a total of 152,500 shares of company stock worth $3,355,000 over the last 90 days.

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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