Chewy (NYSE:CHWY) Earns Market Perform Rating from Analysts at Raymond James

Investment analysts at Raymond James assumed coverage on shares of Chewy (NYSE:CHWY) in a report released on Tuesday, The Fly reports. The brokerage set a “market perform” rating on the stock.

A number of other research firms have also commented on CHWY. Bank of America reissued a “buy” rating and issued a $43.00 price target (up previously from $36.00) on shares of The Medicines in a research report on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 485 ($6.34) price target on shares of in a research report on Tuesday. UBS Group assumed coverage on shares of Chewy in a research report on Tuesday. They set a “buy” rating and a $42.00 target price on the stock. Barclays boosted their target price on shares of Roper Technologies from $342.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Wedbush assumed coverage on shares of Chewy in a research report on Thursday, June 20th. They set a “neutral” rating on the stock. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $37.44.

Shares of NYSE:CHWY traded up $0.17 during trading on Tuesday, reaching $33.38. The stock had a trading volume of 1,592,164 shares, compared to its average volume of 4,823,988. Chewy has a 52 week low of $30.78 and a 52 week high of $41.34.

In related news, CEO Sumit Singh bought 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were acquired at an average price of $22.00 per share, with a total value of $242,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 47,875,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $20.90, for a total transaction of $1,000,587,500.00. The disclosure for this sale can be found here. Insiders have purchased 152,500 shares of company stock worth $3,355,000 in the last ninety days.

Chewy Company Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food, pet products, pet medications, and other pet health products for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications.

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The Fly

Analyst Recommendations for Chewy (NYSE:CHWY)

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