Chewy Inc. [CHWY] is 17.31% higher this YTD. Is it still time to buy?

Chewy Inc. [NYSE: CHWY] gained 0.18% on the last trading session, reaching $43.50 price per share at the time. The company report on December 8, 2022 that Chewy Announces Third Quarter 2022 Financial Results.


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Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted destination for pet parents and partners everywhere, has released its financial results for the third quarter of fiscal year 2022 ended October 30, 2022, and posted a letter to its shareholders on its investor relations website at https://investor.chewy.com.

Chewy Inc. represents 422.90 million in outstanding shares, while the company has a total market value of $17.78 billion with the latest information. CHWY stock price has been found in the range of $43.00 to $44.5522.

If compared to the average trading volume of 3.54M shares, CHWY reached a trading volume of 3742425 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 $47.27 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 2.30. 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.

Wolfe Research have made an estimate for Chewy Inc. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on December 07, 2022. While these analysts kept the previous recommendation, MoffettNathanson raised their target price to Market Perform. The new note on the price target was released on November 15, 2022, representing the official price target for Chewy Inc. stock. Previously, the target price had yet another raise to $42, while Oppenheimer analysts kept a Outperform rating on CHWY stock.

The Average True Range (ATR) for Chewy Inc. is set at 2.36, with the Price to Sales ratio for CHWY stock in the period of the last 12 months amounting to 1.82. The Price to Book ratio for the last quarter was 111.54, with the Price to Cash per share for the same quarter was set at 1.65.

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 -0.96. With this latest performance, CHWY shares gained by 5.58% in over the last four-week period, additionally plugging by 4.19% over the last 6 months – not to mention a rise of 14.32% 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 57.93, with the RSI for the last a single of trading hit 60.96, and the three-weeks RSI is set at 56.08 for Chewy Inc. [CHWY]. The present Moving Average for the last 50 days of trading for this stock 41.11, while it was recorded at 42.01 for the last single week of trading, and 37.09 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 -0.81 and a Gross Margin at +26.08. Chewy Inc.’s Net Margin is presently recorded at -0.83.

Return on Equity for this stock declined to -1,159.55, with Return on Assets sitting at -3.70.

Chewy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.90.

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

There are presently around $18,249 million, or 99.60% 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 311,852,395, which is approximately 0% of the company’s market cap and around 2.30% of the total institutional ownership; MORGAN STANLEY, holding 20,546,861 shares of the stock with an approximate value of $893.79 million in CHWY stocks shares; and BAILLIE GIFFORD & CO, currently with $743.02 million in CHWY stock with ownership of nearly 2.758% of the company’s market capitalization.

Positions in Chewy Inc. stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 179 institutional holders increased their position in Chewy Inc. [NYSE:CHWY] by around 10,965,688 shares. Additionally, 168 investors decreased positions by around 9,245,993 shares, while 67 investors held positions by with 399,297,970 shares. The mentioned changes placed institutional holdings at 419,509,651 shares, according to the latest SEC report filing. CHWY stock had 58 new institutional investments in for a total of 2,328,333 shares, while 49 institutional investors sold positions of 3,466,869 shares during the same period.

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