Chewy (NYSE:CHWY) Coverage Initiated at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Chewy (NYSE:CHWY) in a research report report published on Tuesday morning, BenzingaRatingsTable reports. The firm issued a hold rating and a $35.00 target price on the stock. Jefferies Financial Group also issued estimates for Chewy’s Q2 2020 earnings at ($0.11) EPS, Q3 2020 earnings at ($0.10) EPS, Q4 2020 earnings at ($0.11) EPS, FY2020 earnings at ($0.39) EPS, Q1 2021 earnings at ($0.08) EPS, Q2 2021 earnings at ($0.07) EPS, Q3 2021 earnings at ($0.04) EPS, Q4 2021 earnings at ($0.05) EPS, FY2021 earnings at ($0.24) EPS, Q1 2022 earnings at ($0.04) EPS and FY2022 earnings at ($0.10) EPS.

A number of other equities analysts have also weighed in on the stock. Bank of America reiterated a buy rating and set a $43.00 target price (up previously from $36.00) on shares of The Medicines in a research report on Tuesday. Wedbush initiated coverage on shares of Chewy in a research report on Thursday, June 20th. They issued a neutral rating for the company. Raymond James set a C$31.00 price objective on shares of Endeavour Mining and gave the company an outperform rating in a research report on Tuesday. Morgan Stanley cut their price objective on shares of Virtus Investment Partners from $121.00 to $118.00 and set an equal weight rating for the company in a research report on Tuesday. Finally, William Blair initiated coverage on shares of Chewy in a research report on Tuesday. They issued an outperform rating for the company. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $37.44.

Shares of NYSE:CHWY opened at $33.38 on Tuesday. Chewy has a twelve month low of $30.78 and a twelve month high of $41.34.

In related news, major shareholder Argos Holdings Gp Llc sold 47,875,000 shares of the firm’s stock in a transaction that occurred on 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Mario Jesus Marte bought 15,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was bought at an average cost of $22.00 per share, for a total transaction of $330,000.00. The disclosure for this purchase can be found here. Insiders bought 152,500 shares of company stock valued at $3,355,000 over 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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