Jefferies Upgrade Chewy Inc. [CHWY]. What else is Wall St. saying?

Chewy Inc. [NYSE: CHWY] loss -1.62% or -1.05 points to close at $63.62 with a heavy trading volume of 2570525 shares. The company report on September 23, 2020 that Chewy Appoints Martin H. Nesbitt to its Board of Directors.

Chewy (NYSE: CHWY), a trusted online destination for pet parents, announced today the appointment of Martin H. “Marty” Nesbitt to the company’s Board of Directors.

Nesbitt currently serves as the Co-CEO of The Vistria Group, LLC, a Chicago-based investment company focused on the education, healthcare and financial services industries. A former Investment Manager at LaSalle Partners, Nesbitt currently serves on the Board of Directors of Jones Lang LaSalle, American Airlines Group and CenterPoint Energy. He is also a Trustee of Chicago’s Museum of Contemporary Art.

It opened the trading session at $65.14, the shares rose to $65.72 and dropped to $63.10, the range by which the price of stock traded the whole day. The daily chart for CHWY points out that the company has recorded 44.46% gains over the past six months. However, it is still -208.54% lower than its most recent low trading price.

If we look at the average trading volume of 4.21M shares, CHWY reached to a volume of 2570525 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Chewy Inc. [CHWY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CHWY shares is $64.27 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CHWY stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Jefferies have made an estimate for Chewy Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 16, 2020. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $62 to $74. The new note on the price target was released on September 11, 2020, representing the official price target for Chewy Inc. stock. Previously, the target price had yet another raise from $45 to $49, while Morgan Stanley kept a Equal-Weight rating on CHWY stock. On September 11, 2020, analysts increased their price target for CHWY shares from 48 to 59.

The Average True Range (ATR) for Chewy Inc. is set at 3.13, with the Price to Sales ratio for CHWY stock in the period of the last 12 months amounting to 4.28.

Trading performance analysis for CHWY stock

Chewy Inc. [CHWY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.94. With this latest performance, CHWY shares gained by 15.69% in over the last four-week period, additionally plugging by 44.46% over the last 6 months – not to mention a rise of 137.48% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CHWY stock in for the last two-week period is set at 55.14, with the RSI for the last a single of trading hit 52.61, and the three-weeks RSI is set at 55.62 for Chewy Inc. [CHWY]. The present Moving Average for the last 50 days of trading for this stock 58.99, while it was recorded at 66.51 for the last single week of trading, and 44.38 for the last 200 days.

Chewy Inc. [CHWY]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Chewy Inc. [CHWY] shares currently have an operating margin of -5.21 and a Gross Margin at +22.60. Chewy Inc.’s Net Margin is presently recorded at -5.21.

Reflecting on the efficiency of the workforce at the company, Chewy Inc. [CHWY] managed to generate an average of -$21,031 per employee. Receivables Turnover for the company is 46.48 with a Total Asset Turnover recorded at a value of 6.58.Chewy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.20 and a Current Ratio set at 0.60.

Chewy Inc. [CHWY]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Chewy Inc. posted -0.2/share EPS, while the average EPS was predicted by analysts to be reported at -0.16/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -25.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CHWY.

An analysis of insider ownership at Chewy Inc. [CHWY]

There are presently around $25,405 million, or 87.70% of CHWY stock, in the hands of institutional investors. The top three institutional holders of CHWY stocks are: BC PARTNERS ADVISORS L.P. with ownership of 319,482,760, which is approximately -4.61% of the company’s market cap and around 6.50% of the total institutional ownership; MORGAN STANLEY, holding 24,255,702 shares of the stock with an approximate value of $1.54 billion in CHWY stocks shares; and BAILLIE GIFFORD & CO, currently with $340.2 million in CHWY stock with ownership of nearly 3.236% of the company’s market capitalization.

Positions in Chewy Inc. stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 185 institutional holders increased their position in Chewy Inc. [NYSE:CHWY] by around 27,835,847 shares. Additionally, 125 investors decreased positions by around 28,661,052 shares, while 36 investors held positions by with 342,829,785 shares. The mentioned changes placed institutional holdings at 399,326,684 shares, according to the latest SEC report filing. CHWY stock had 104 new institutional investments in for a total of 6,223,514 shares, while 48 institutional investors sold positions of 4,000,282 shares during the same period.

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