Gains May Be On The Menu For Chewy Inc (NYSE: CHWY)

Currently, there are 444.10M common shares owned by the public and among those 128.49M shares have been available to trade.

Insiders at the company have transacted a total of 41 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 12 of these insider trades were purchases, accounting for 478,565 shares. Insider sales of the common stock occurred on 29 occasions, with total insider shares sold totaling 29,562,481 shares.

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However, the script later moved the day high at 16.36, up 0.06%. The company’s stock has a 5-day price change of -7.85% and -22.27% over the past three months. CHWY shares are trading -31.91% year to date (YTD), with the 12-month market performance down to -60.10% lower. It has a 12-month low price of $15.84 and touched a high of $42.13 over the same period. CHWY has an average intraday trading volume of 10.41 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.10%, -18.54%, and -36.55% respectively.

Institutional ownership of Chewy Inc (NYSE: CHWY) shares accounts for 23.21% of the company’s 444.10M shares outstanding.

It has a market capitalization of $7.15B and a beta (3y monthly) value of 0.90. The stock’s trailing 12-month PE ratio is 607.17, while the earnings-per-share (ttm) stands at $0.03. The company has a PEG of 23.67 and a Quick Ratio of 0.60 with the debt-to-equity ratio at 1.41. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.45% over the week and 3.93% over the month.

Analysts forecast that Chewy Inc (CHWY) will achieve an EPS of -$0.04 for the current quarter, $0.06 for the next quarter and $0.13 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.1 while analysts give the company a high EPS estimate of $0.04. Comparatively, EPS for the current quarter was $0.01 a year ago. Earnings per share for the fiscal year are expected to decrease by -101.05%, and 11837.88% over the next financial year.

Looking at the support for the CHWY, a number of firms have released research notes about the stock. Barclays stated their Overweight rating for the stock in a research note on January 11, 2024, with the firm’s price target at $19-$30. Goldman coverage for the Chewy Inc (CHWY) stock in a research note released on January 10, 2024 offered a Buy rating with a price target of $36. Jefferies was of a view on December 19, 2023 that the stock is Buy, while Morgan Stanley gave the stock Overweight rating on October 31, 2023, issuing a price target of $31- $28. UBS on their part issued Neutral rating on October 25, 2023.

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