Chewy (NYSE:CHWY) Receives New Coverage from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Chewy (NYSE:CHWY) in a research report sent to investors on Tuesday, BenzingaRatingsTable reports. The firm issued an overweight rating and a $42.00 price target on the stock.

Several other equities research analysts have also recently issued reports on the stock. UBS Group started coverage on shares of Chewy in a report on Tuesday. They issued a buy rating and a $42.00 target price on the stock. Bank of America restated a buy rating and issued a $43.00 target price (up previously from $36.00) on shares of The Medicines in a report on Tuesday. Wedbush started coverage on shares of Chewy in a report on Thursday, June 20th. They issued a neutral rating on the stock. William Blair started coverage on shares of Chewy in a report on Tuesday. They issued an outperform rating on the stock. Finally, Barclays raised their target price on shares of Roper Technologies from $342.00 to $355.00 and gave the stock an equal weight rating in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Chewy presently has a consensus rating of Hold and an average target price of $37.44.

Shares of CHWY stock opened at $33.96 on Tuesday. Chewy has a 12-month low of $30.78 and a 12-month high of $41.34.

In other Chewy news, General Counsel Susan Helfrick purchased 90,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were acquired at an average price of $22.00 per share, for a total transaction of $1,980,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stacy Bowman purchased 35,500 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were acquired at an average price of $22.00 per share, for a total transaction of $781,000.00. The disclosure for this purchase can be found here. Insiders purchased 152,500 shares of company stock worth $3,355,000 in the last 90 days.

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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