Chewy Inc to Post FY2022 Earnings of ($0.11) Per Share, William Blair Forecasts (NYSE:CHWY)

Chewy Inc (NYSE:CHWY) – Equities research analysts at William Blair issued their FY2022 earnings per share estimates for shares of Chewy in a report issued on Tuesday, July 9th. William Blair analyst D. Carden forecasts that the company will post earnings of ($0.11) per share for the year. William Blair currently has a “Outperform” rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 485 ($6.34) target price on shares of in a research note on Tuesday, July 9th. Nomura raised their target price on shares of Advanced Micro Devices from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Morgan Stanley lowered their target price on shares of Virtus Investment Partners from $121.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 9th. Wells Fargo & Co initiated coverage on shares of Chewy in a research note on Tuesday, July 9th. They set an “outperform” rating and a $40.00 target price on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Pinduoduo in a research note on Tuesday, July 9th. They set an “underweight” rating and a $20.48 target price on the stock. Seven 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 price target of $37.44.

Chewy stock opened at $33.96 on Friday. Chewy has a 52 week low of $30.78 and a 52 week high of $41.34.

In other news, major shareholder Argos Holdings Gp Llc sold 47,875,000 shares of the firm’s stock in a transaction dated 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 available at the SEC website. Also, CEO Sumit Singh acquired 11,000 shares of Chewy stock in a transaction dated 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 disclosure for this purchase can be found here. In the last 90 days, insiders have bought 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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Earnings History and Estimates for Chewy (NYSE:CHWY)

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