In today’s recent session, 2.09 million shares of the Chewy Inc (NYSE:CHWY) have been traded, and its beta is 1.03. Most recently the company’s share price was $25.40, and it changed around -$0.41 or -1.59% from the last close, which brings the market valuation of the company to $11.07B. CHWY at last check was trading at a discount to its 52-week high of $39.10, offering almost -53.94% off that amount. The share price’s 52-week low was $14.69, which indicates that the recent value has risen by an impressive 42.17% since then. We note from Chewy Inc’s average daily trading volume that its 10-day average is 4.45 million shares, with the 3-month average coming to 11.04 million.
Chewy Inc (NYSE:CHWY) trade information
Instantly CHWY has been showing red trend so far today with a performance of -1.59% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 27.36 on recent trading dayincreased the stock’s daily price by 7.16%. The company’s shares are currently up 7.49% year-to-date, but still down -4.76% over the last five days. On the other hand, Chewy Inc (NYSE:CHWY) is 4.14% up in the 30-day period. We can see from the shorts that 14.8 million shares have been sold at a short interest cover period of 1.54 day(s).
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The consensus price target as assigned by Wall Street analysts is $30, which translates to bulls needing to increase their stock price by 15.33% from its current value. Analyst projections state that CHWY is forecast to be at a low of $19 and a high of $121.
Chewy Inc (CHWY) estimates and forecasts
Chewy Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 47.33 percent over the past six months and at a 39.13% annual growth rate that is well above the industry average of 15.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -50.00% in revenue this quarter, and will report an increase of 112.50% in the next quarter. The year-over-year growth rate is expected to be 5.90%, up from the previous year.
Consensus estimates provided by 22 financial analysts predict the company will bring in an average of 2.87B in revenue for the current quarter. 22 analysts expect Chewy Inc to make 2.87B in revenue for the current ending quarter.
CHWY Dividends
Chewy Inc’s next quarterly earnings report is expected to be released on 2024-Aug-28.
Chewy Inc (NYSE:CHWY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 11.73% of Chewy Inc shares, and 83.39% of them are in the hands of institutional investors. The stock currently has a share float of 94.47%. Chewy Inc stock is held by 505.0 institutions, with BC PARTNERS ADVISORS L.P. being the largest institutional investor. By 2024-06-30, it held 63.4633% of the shares, which is about 275.98 million shares worth $7.52 billion.
BAILLIE GIFFORD & CO, with 4.4457% or 19.33 million shares worth $526.63 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard U.S. Growth Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of May 31, 2024. The former held 3.74 shares worth $95.54 million, making up 2.73% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 3.66 shares worth around $93.56 million, which represents about 2.67% of the total shares outstanding.
