In today’s recent session, 1.37 million shares of the Chewy Inc. (NYSE:CHWY) have been traded, and its beta is 0.74. Most recently the company’s share price was $30.28, and it changed around -$1.76 or -5.49% from the last close, which brings the market valuation of the company to $14.60B. CHWY at last check was trading at a discount to its 52-week high of $52.88, offering almost -74.64% off that amount. The share price’s 52-week low was $22.22, which indicates that the recent value has risen by an impressive 26.62% since then. We note from Chewy Inc.’s average daily trading volume that its 10-day average is 2.97 million shares, with the 3-month average coming to 3.99 million.
Chewy Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.30. If we narrow it down even further, the data shows that 1 out of 31 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 14 recommended CHWY as a Hold, whereas 14 deemed it a Buy, and 0 rated it as Underweight. Chewy Inc. is expected to report earnings per share of -$0.04 for the current quarter.
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Chewy Inc. (NYSE:CHWY) trade information
Instantly CHWY has been showing red trend so far today with a performance of -5.49% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 34.23 on Tuesday, 05/23/23 increased the stock’s daily price by 11.54%. The company’s shares are currently down -18.34% year-to-date, but still down -10.97% over the last five days. On the other hand, Chewy Inc. (NYSE:CHWY) is -3.10% down in the 30-day period. We can see from the shorts that 23.2 million shares have been sold at a short interest cover period of 6.19 day(s).
The consensus price target as assigned by Wall Street analysts is $44.04, which translates to bulls needing to increase their stock price by 31.24% from its current value. Analyst projections state that CHWY is forecast to be at a low of $24.00 and a high of $57.00. In order for the stock price to hit the forecast high, the stock would need to plunge -88.24% from its current level, while the stock would need to crash 20.74% from its current level to reach the projected low.
Chewy Inc. (CHWY) estimates and forecasts
Chewy Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -26.84 percent over the past six months and at a -96.23% annual growth rate that is well below the industry average of 4.10%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will loss -200.00% in revenue this quarter, and will report a decrease of -160.00% in the next quarter. The year-over-year growth rate is expected to be 11.70%, up from the previous year.
Consensus estimates provided by 22 financial analysts predict the company will bring in an average of $2.73 billion in revenue for the current quarter. 22 analysts expect Chewy Inc. to make $2.7 billion in revenue for the quarter ending Jul 2023. The company’s sales for the same quarters a year ago were $2.43 billion and $2.43 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 12.40%. Forecasts for the next quarter put sales growth at 11.20%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 15.60%.
Chewy Inc.’s next quarterly earnings report is expected to be released on May 31.
Chewy Inc. (NYSE:CHWY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 17.52% of Chewy Inc. shares, and 96.15% of them are in the hands of institutional investors. The stock currently has a share float of 116.57%. Chewy Inc. stock is held by 544 institutions, with Morgan Stanley being the largest institutional investor. By Mar 30, 2023, it held 14.82% of the shares, which is about 17.16 million shares worth $523.4 million.
Baillie Gifford and Company, with 14.28% or 16.53 million shares worth $504.12 million as of Mar 30, 2023, holds the second largest percentage of outstanding shares.
Vanguard U.S. Growth Fund and Morgan Stanley Inst Fd Inc-Growth Port were the top two Mutual Funds as of Nov 29, 2022. The former held 3.64 million shares worth $110.88 million, making up 3.14% of all outstanding shares. On the other hand, Morgan Stanley Inst Fd Inc-Growth Port held roughly 3.59 million shares worth around $109.51 million, which represents about 3.10% of the total shares outstanding.