Chewy Inc (NYSE:CHWY) – Equities researchers at Wedbush lowered their Q1 2021 earnings estimates for Chewy in a report issued on Wednesday, September 18th. Wedbush analyst S. Basham now forecasts that the company will post earnings per share of $0.02 for the quarter, down from their prior forecast of $0.03. Wedbush currently has a “Hold” rating and a $30.00 price target on the stock. Wedbush also issued estimates for Chewy’s FY2022 earnings at $0.24 EPS.
Chewy (NYSE:CHWY) last posted its quarterly earnings results on Tuesday, September 17th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.10). The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the company posted ($0.16) earnings per share. The business’s revenue was up 43.1% on a year-over-year basis.
Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Co began coverage on Chewy in a report on Tuesday, July 9th. They issued an “outperform” rating and a $40.00 price target for the company. William Blair began coverage on Chewy in a report on Tuesday, July 9th. They issued an “outperform” rating for the company. Nomura cut their price target on Chewy from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Wednesday. Morgan Stanley increased their price target on Chewy from $33.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, July 19th. Finally, Jefferies Financial Group set a $36.00 price target on Chewy and gave the company a “hold” rating in a report on Friday, July 19th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Chewy has an average rating of “Hold” and a consensus price target of $36.45.
NYSE:CHWY opened at $28.39 on Thursday. Chewy has a one year low of $27.38 and a one year high of $41.34. The firm has a 50 day moving average of $31.97.
A number of hedge funds have recently bought and sold shares of the business. KCL Capital L.P. acquired a new stake in Chewy during the second quarter worth $700,000. Magnetar Financial LLC acquired a new stake in Chewy during the second quarter worth $770,000. Royal Bank of Canada acquired a new stake in Chewy during the second quarter worth $56,000. Verition Fund Management LLC acquired a new stake in Chewy during the second quarter worth $7,000,000. Finally, Ladenburg Thalmann Financial Services Inc. acquired a new stake in Chewy during the second quarter worth $393,000. 98.33% of the stock is owned by institutional investors.
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.