Bank of America Begins Coverage on Chewy (NYSE:CHWY)

Bank of America began coverage on shares of Chewy (NYSE:CHWY) in a research report report published on Tuesday, BenzingaRatingsTable reports. The firm issued a buy rating and a $40.00 target price on the stock.

Other equities research analysts have also recently issued research reports about the company. William Blair began coverage on Chewy in a research note on Tuesday. They set an outperform rating for the company. UBS Group began coverage on Chewy in a research note on Tuesday. They set a buy rating and a $42.00 target price for the company. 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 note on Tuesday. Finally, Wedbush began coverage on Chewy in a research note on Thursday, June 20th. They set a neutral rating for the company. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Chewy presently has an average rating of Hold and a consensus price target of $37.44.

CHWY stock opened at $33.38 on Tuesday. Chewy has a fifty-two week low of $30.78 and a fifty-two week high of $41.34.

In other Chewy 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 stock was sold at an average price of $20.90, for a total value of $1,000,587,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sumit Singh acquired 11,000 shares of Chewy stock in a transaction on Tuesday, June 18th. The stock was purchased 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 quarter, insiders acquired 152,500 shares of company stock valued at $3,355,000.

Chewy Company Profile

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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