Chewy, Inc. (NYSE:CHWY) has seen 1,131,293 shares traded in the recent trading session. The company, currently valued at $18.02 Billion, closed the recent trade at $44.78 per share which meant it lost -$0.2 on the day or -0.62% during that session. The CHWY stock price is -17.84% off its 52-week high price of $52.77 and 53.95% above the 52-week low of $20.62. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.2 Million shares traded. The 3-month trading volume is 4.61 Million shares.
Chewy, Inc. (NYSE:CHWY) trade information
Despite being -0.18% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Jun 24 when the CHWY stock price touched $51.08- or saw a rise of 11.52%. Year-to-date, Chewy, Inc. shares have moved 55.86%, while the 5-day performance has seen it change -7.59%. Over the past 30 days, the shares of Chewy, Inc. (NYSE:CHWY) have changed 1.71%. Short interest in the company has seen 16.66 Million shares shorted with days to cover at 3.61.
Chewy, Inc. (CHWY) estimates and forecasts
Figures show that Chewy, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +57.7% over the past 6 months, with this year growth rate of 55.17%, compared to 5.4% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 23.8% and 35% for the next quarter. Revenue growth from the last financial year stood is estimated to be +36.9%.
14 analysts offering their estimates for the company have set an average revenue estimate of $1.64 Billion for the current quarter. 14 have an estimated revenue figure of $1.64 Billion for the next quarter concluding in October 01, 2020. Year-ago sales stood $1.15 Billion and $1.23 Billion respectively for this quarter and the next, and analysts expect sales will grow by 41.8% for the current quarter and 33.4% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest +5.7% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Chewy, Inc. (NYSE:CHWY)’s Major holders
Insiders own 12.35% of the company shares, while shares held by institutions stand at 103.53% with a share float percentage of 118.11%. Investors are also buoyed by the number of investors in a company, with Chewy, Inc. having a total of 253 institutions that hold shares in the company. The top two institutional holders are Morgan Stanley with over 13Million shares worth more than $487.54 Million. As of March 30, 2020, Morgan Stanley held 15.44% of shares outstanding.
The other major institutional holder is Baillie Gifford and Company, with the holding of over 5.18 Million shares as of March 30, 2020. The firm’s total holdings are worth over $194.19 Million and represent 6.15% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Morgan Stanley Inst Fd Inc-Growth Port and Vanguard U.S. Growth Fund. As of March 30, 2020, the former fund manager holds about 4.44% shares in the company for having 3742947 shares of worth $140.32 Million while later fund manager owns 1.97 Million shares of worth $58.2 Million as of February 28, 2020, which makes it owner of about 2.33% of company’s outstanding stock.