Chewy (CHWY) to Release Earnings on Wednesday

Chewy (NYSE:CHWY) will likely be releasing its earnings data before the market opens on Wednesday, March 26th. Analysts expect Chewy to post earnings of $0.20 per share and revenue of $3.20 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Chewy Stock Performance

Shares of CHWY opened at $34.01 on Tuesday. Chewy has a 1 year low of $14.69 and a 1 year high of $40.09. The stock has a market capitalization of $13.85 billion, a P/E ratio of 37.37, a P/E/G ratio of 2.21 and a beta of 1.23. The company’s fifty day moving average is $36.22 and its two-hundred day moving average is $33.08.

Insider Transactions at Chewy

In other Chewy news, CTO Satish Mehta sold 71,365 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $35.60, for a total transaction of $2,540,594.00. Following the sale, the chief technology officer now directly owns 262,853 shares in the company, valued at approximately $9,357,566.80. The trade was a 21.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sumit Singh sold 191,096 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $35.68, for a total value of $6,818,305.28. Following the transaction, the chief executive officer now directly owns 707,126 shares of the company’s stock, valued at $25,230,255.68. This represents a 21.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,655,172 shares of company stock worth $310,353,221. 2.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CHWY has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Chewy from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Mizuho raised shares of Chewy from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $24.00 to $42.00 in a research note on Monday, January 6th. UBS Group increased their price objective on shares of Chewy from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Wedbush restated an “outperform” rating and set a $39.00 price target on shares of Chewy in a research note on Monday, March 17th. Finally, Argus upgraded shares of Chewy from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, Chewy has a consensus rating of “Moderate Buy” and an average target price of $37.95.

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.