Chewy (CHWY) to Release Earnings on Wednesday

Chewy (NYSE:CHWY) will likely be posting its quarterly earnings results 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. Parties interested in participating in the company’s conference call can do so using this link.

Chewy Stock Up 0.4 %

CHWY opened at $34.01 on Tuesday. The firm’s fifty day simple moving average is $36.22 and its two-hundred day simple moving average is $33.08. Chewy has a 52-week low of $14.69 and a 52-week high of $40.09. The company has a market cap of $13.85 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 2.21 and a beta of 1.23.

Analyst Ratings Changes

Several research firms have recently weighed in on CHWY. Evercore ISI upgraded Chewy from an “in-line” rating to an “outperform” rating and raised their target price for the company from $34.00 to $47.00 in a research report on Monday, January 13th. UBS Group lifted their price objective on Chewy from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. BNP Paribas cut Chewy from an “outperform” rating to a “neutral” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. boosted their price target on shares of Chewy from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, Wedbush restated an “outperform” rating and set a $39.00 price objective on shares of Chewy in a research report on Monday, March 17th. Five equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, Chewy has an average rating of “Moderate Buy” and an average price target of $37.95.

Insiders Place Their Bets

In other news, CEO Sumit Singh sold 571,903 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $34.52, for a total transaction of $19,742,091.56. Following the completion of the sale, the chief executive officer now owns 898,222 shares in the company, valued at approximately $31,006,623.44. The trade was a 38.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Satish Mehta sold 71,365 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief technology officer now owns 262,853 shares of the company’s stock, valued at $9,357,566.80. This represents a 21.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,655,172 shares of company stock worth $310,353,221 over the last 90 days. Corporate insiders own 2.10% 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.