Chewy Inc (CHWY) Has A Bright Growth Prospects For 2024

Chewy Inc (NYSE:CHWY) has a beta value of 1.04 and has seen 1.19 million shares traded in the recent trading session. The company, currently valued at $11.67B, closed the recent trade at $27.90 per share which meant it lost -$0.65 on the day or -2.29% during that session. The CHWY stock price is -40.14% off its 52-week high price of $39.10 and 47.35% above the 52-week low of $14.69. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.63 million shares traded. The 3-month trading volume is 10.28 million shares.

The consensus among analysts is that Chewy Inc (CHWY) is Buy stock at the moment, with a recommendation rating of 2.19. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 18 have rated it as a Hold, with 14 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.06.

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Chewy Inc (NYSE:CHWY) trade information

Sporting -2.29% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CHWY stock price touched $27.90 or saw a rise of 8.88%. Year-to-date, Chewy Inc shares have moved 18.05%, while the 5-day performance has seen it change 8.08%. Over the past 30 days, the shares of Chewy Inc (NYSE:CHWY) have changed 25.04%. Short interest in the company has seen 14.86 million shares shorted with days to cover at 3.17.

Wall Street analysts have a consensus price target for the stock at $32, which means that the shares’ value could jump 12.81% from the levels at last check today. The projected low price target is $19.0 while the price target rests at a high of $121.0. In that case, then, we find that the latest price level in today’s session is -333.69% off the targeted high while a plunge would see the stock lose 31.9% from the levels at last check today.

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 57.51% over the past 6 months, with this year growth rate of 59.42%, compared to 13.10% for the industry. Revenue growth from the last financial year stood is estimated to be 5.30%.

22 analysts offering their estimates for the company have set an average revenue estimate of 2.86B for the current quarter. 22 have an estimated revenue figure of 3.15B for the next ending quarter.

Earnings growth for 2024 is a modest 657.70% while over the next 5 years, the company’s earnings are expected to increase by 63.15%.

CHWY Dividends

Chewy Inc is expected to release its next earnings report on 2024-Dec-04 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Chewy Inc (NYSE:CHWY)’s Major holders

Insiders own 11.18% of the company shares, while shares held by institutions stand at 79.34% with a share float percentage of 89.33%. Investors are also buoyed by the number of investors in a company, with Chewy Inc having a total of 504.0 institutions that hold shares in the company. The top two institutional holders are BC PARTNERS ADVISORS L.P. with over 275.98 million shares worth more than $7.52 billion. As of 2024-06-30, BC PARTNERS ADVISORS L.P. held 63.4633% of shares outstanding.

The other major institutional holder is BAILLIE GIFFORD & CO, with the holding of over 19.33 million shares as of 2024-06-30. The firm’s total holdings are worth over $526.63 million and represent 4.4457% of shares outstanding.