In today’s recent session, 1.95 million shares of the Chewy Inc (NYSE:CHWY) have been traded, and its beta is 1.10. Most recently the company’s share price was $33.99, and it changed around $1.05 or 3.19% from the last close, which brings the market valuation of the company to $13.86B. CHWY at last check was trading at a discount to its 52-week high of $39.10, offering almost -15.03% off that amount. The share price’s 52-week low was $14.69, which indicates that the recent value has risen by an impressive 56.78% since then. We note from Chewy Inc’s average daily trading volume that its 10-day average is 7.07 million shares, with the 3-month average coming to 6.37 million.
Chewy Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.03. If we narrow it down even further, the data shows that 2 out of 34 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 13 recommended CHWY as a Hold, whereas 10 deemed it a Buy, and 1 rated it as Underweight. Chewy Inc is expected to report earnings per share of 0.23 for the current quarter.
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Chewy Inc (NYSE:CHWY) trade information
Instantly CHWY has been showing a green trend so far today with a performance of 3.19% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 34.75 on recent trading dayincreased the stock’s daily price by 2.19%. The company’s shares are currently up 43.84% year-to-date, but still up 3.88% over the last five days. On the other hand, Chewy Inc (NYSE:CHWY) is 21.09% up in the 30-day period. We can see from the shorts that 10.09 million shares have been sold at a short interest cover period of 2.3 day(s).
The consensus price target as assigned by Wall Street analysts is $32, which translates to bulls needing to decrease their stock price by -6.22% 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 107.51 percent over the past six months and at a 65.22% annual growth rate that is well above the industry average of 14.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 51.51% in revenue this quarter, and will report an increase of 27.50% in the next quarter. The year-over-year growth rate is expected to be 5.47%, up from the previous year.
Consensus estimates provided by 22 financial analysts predict the company will bring in an average of 2.86B in revenue for the current quarter. 22 analysts expect Chewy Inc to make 3.16B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.74B and 2.83B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 4.29%. Forecasts for the next quarter put sales growth at 11.83%.
Chewy Inc earnings are expected to increase by 792.01% in 2024, but the outlook is positive 40.30% per year for the next five years.
CHWY Dividends
Chewy Inc’s next quarterly earnings report is expected to be released in December.
Chewy Inc (NYSE:CHWY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.01% of Chewy Inc shares, and 92.54% of them are in the hands of institutional investors. The stock currently has a share float of 97.42%. Chewy Inc stock is held by 521.0 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 Aug 31, 2024. The former held 3.74 shares worth $128.86 million, making up 2.60% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 3.54 shares worth around $122.21 million, which represents about 2.47% of the total shares outstanding.
