Raymond James Initiates Coverage on Chewy (NYSE:CHWY)

Raymond James started coverage on shares of Chewy (NYSE:CHWY) in a report issued on Tuesday morning, The Fly reports. The brokerage issued a market perform rating on the stock.

Several other equities research analysts have also recently weighed in on CHWY. Bank of America reaffirmed 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. Barclays upped their price target 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. William Blair started coverage on shares of Chewy in a research report on Tuesday. They issued an outperform rating for the company. Morgan Stanley lowered their price target 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, Wedbush initiated coverage on shares of Chewy in a research note on Thursday, June 20th. They set a neutral rating for the company. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $37.44.

Shares of CHWY opened at $33.96 on Tuesday. Chewy has a fifty-two week low of $30.78 and a fifty-two week high of $41.34.

In related news, major shareholder Argos Holdings Gp Llc sold 47,875,000 shares of the business’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 transaction of $1,000,587,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Susan Helfrick acquired 90,000 shares of Chewy stock in a transaction that occurred on Tuesday, June 18th. The shares were purchased at an average price of $22.00 per share, with a total value of $1,980,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 152,500 shares of company stock valued at $3,355,000.

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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