Chewy Inc [NYSE: CHWY] gained 1.94% or 0.4 points to close at $21.04 with a heavy trading volume of 4371415 shares. The company report on November 6, 2023 at 9:00 AM that More Toys? More Treats? Yes, Please: Chewy Brings Back “Chewy Claus,” Delivering Even More Holiday Cheer to Pets Nationwide.
Beloved holiday program returns for a second year, promising one pound of food for every letter sent to Chewy Claus and tens of thousands of gifts to lucky pets.
Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted destination for pet parents and partners everywhere, is spreading even more cheer this year by making big, small, heartwarming and jolly pet wishes come true while delivering gifts to tens of thousands of pets across the country. The popular “Letters to Chewy Claus” program, which debuted in 2022, enables pets to share their holiday lists with Chewy Claus and ask for anything from tasty treats and entertaining toys to a new wheelchair or a reunion with their favorite person. Because Chewy believes all pets are nice – even if they are accidentally a little naughty from time to time – the Chewy Claus sleigh will be packed higher than ever with all kinds of gifts for all kinds of pets.
It opened the trading session at $20.70, the shares rose to $21.065 and dropped to $20.38, the range by which the price of stock traded the whole day. The daily chart for CHWY points out that the company has recorded -36.26% loss over the past six months. However, it is still -27.28% lower than its most recent low trading price.
If we look at the average trading volume of 6.65M shares, CHWY reached to a volume of 4371415 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 $32.21 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 2.07. 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.
Morgan Stanley have made an estimate for Chewy Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 31, 2023.
The Average True Range (ATR) for Chewy Inc is set at 0.85, with the Price to Sales ratio for CHWY stock in the period of the last 12 months amounting to 0.84. The Price to Book ratio for the last quarter was 24.80, with the Price to Cash per share for the same quarter was set at 2.10. Price to Free Cash Flow for CHWY in the course of the last twelve months was 26.72 with Quick ratio for the last quarter at 0.56.
Trading performance analysis for CHWY stock
Chewy Inc [CHWY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.85. With this latest performance, CHWY shares gained by 14.60% in over the last four-week period, additionally sinking by -36.26% over the last 6 months – not to mention a drop of -37.88% 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 63.58, with the RSI for the last a single of trading hit 72.09, and the three-weeks RSI is set at 55.71 for Chewy Inc [CHWY]. The present Moving Average for the last 50 days of trading for this stock 19.70, while it was recorded at 20.40 for the last single week of trading, and 32.27 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 +0.59 and a Gross Margin at +27.24. Chewy Inc’s Net Margin is presently recorded at +0.49.
Return on Total Capital for CHWY is now 10.27, given the latest momentum, and Return on Invested Capital for the company is 8.87. Return on Equity for this stock inclined to 43.06, with Return on Assets sitting at 1.97. When it comes to the capital structure of this company, Chewy Inc [CHWY] has a Total Debt to Total Equity ratio set at 233.40. Additionally, CHWY Total Debt to Total Capital is recorded at 70.01, with Total Debt to Total Assets ending up at 18.24. Long-Term Debt to Equity for the company is recorded at 220.50, with the Long-Term Debt to Total Capital now at 66.14.
Reflecting on the efficiency of the workforce at the company, Chewy Inc [CHWY] managed to generate an average of $2,538 per employee. Receivables Turnover for the company is 80.04 with a Total Asset Turnover recorded at a value of 4.05.Chewy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.56 and a Current Ratio set at 0.93.
Chewy Inc [CHWY]: An earnings per share (EPS) analysis
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Chewy Inc go to 25.65%.
An analysis of Institutional ownership at Chewy Inc [CHWY]
The top three institutional holders of CHWY stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in CHWY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in CHWY stock with ownership which is approximately 5.7994%.