In the latest trading session,, 1.13 million Chewy Inc (NYSE:CHWY) shares changed hands as the company’s beta touched 1.04. With the company’s most recent per share price at $27.15 changed hands at -$0.12 or -0.44% at last look, the market valuation stands at $11.83B. CHWY’s current price is a discount, trading about -44.01% off its 52-week high of $39.10. The share price had its 52-week low at $14.69, which suggests the last value was 45.89% up since then. When we look at Chewy Inc’s average trading volume, we note the 10-day average is 4.01 million shares, with the 3-month average coming to 11.23 million.
Analysts gave the Chewy Inc (CHWY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.19. If we narrow down to specifics, the data shows that 0 out of 18 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended CHWY as a Hold, 14 felt it is a Buy and 0 rated the stock as Underweight.
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Chewy Inc (NYSE:CHWY) trade information
Instantly CHWY was in red as seen in intraday trades today. With action 9.96%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 14.89%, with the 5-day performance at 9.96% in the green. However, in the 30-day time frame, Chewy Inc (NYSE:CHWY) is 8.29% up. Looking at the short shares, we see there were 14.8 million shares sold at short interest cover period of 1.54 days.
The consensus price target for the stock as assigned by Wall Street analysts is 30, meaning bulls need an upside of 9.5% from its recent market value. According to analyst projections, CHWY’s forecast low is 19 with 121 as the target high. To hit the forecast high, the stock’s price needs a -345.67% plunge from its current level, while the stock would need to tank 30.02% for it to hit the projected low.
Chewy Inc (CHWY) estimates and forecasts
Data shows that the Chewy Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 64.54% over the past 6 months, a 39.13% in annual growth rate that is considerably higher than the industry average of 12.00%.
The 2024 estimates are for Chewy Inc earnings to increase by 133.98%.
CHWY Dividends
Chewy Inc is expected to release its next quarterly earnings report in September.
Chewy Inc (NYSE:CHWY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 11.73% of Chewy Inc shares while 83.40% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 94.48%. There are 83.40% institutions holding the Chewy Inc stock share, with BAILLIE GIFFORD & CO the top institutional holder. As of 2024-03-31, the company held 4.592% of the shares, roughly 19.82 million CHWY shares worth $315.32 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 2.4282% or 10.48 million shares worth $166.74 million as of 2024-03-31.
Among Mutual Funds, the top two as of May 31, 2024 were Vanguard U.S. Growth Fund and Vanguard Total Stock Market Index Fund . With 3.74 shares estimated at $101.17 million under it, the former controlled 2.73% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.67% of the shares, roughly 3.66 shares worth around $99.07 million.
