Chewy (NYSE:CHWY) Research Coverage Started at Royal Bank of Canada

Royal Bank of Canada assumed coverage on shares of Chewy (NYSE:CHWY) in a research report sent to investors on Tuesday, BenzingaRatingsTable reports. The brokerage issued a sector perform rating and a $37.00 price target on the stock.

A number of other equities research analysts have also issued reports on CHWY. JPMorgan Chase & Co. assumed coverage on Pinduoduo in a research report on Tuesday. They set an underweight rating and a $20.48 target price on the stock. Wedbush assumed coverage on Chewy in a research report on Thursday, June 20th. They set a neutral rating on the stock. Bank of America reaffirmed a buy rating and set a $43.00 target price (up from $36.00) on shares of The Medicines in a research report on Tuesday. Barclays boosted their target price on Roper Technologies from $342.00 to $355.00 and gave the stock an equal weight rating in a research report on Tuesday. Finally, UBS Group started coverage on Chewy in a research report on Tuesday. They set a buy rating and a $42.00 target price on the stock. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Chewy currently has a consensus rating of Hold and an average price target of $37.44.

Shares of Chewy stock opened at $33.38 on Tuesday. Chewy has a 12-month low of $30.78 and a 12-month high of $41.34.

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

About Chewy

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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Analyst Recommendations for Chewy (NYSE:CHWY)

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