Raymond James Initiates Coverage on Chewy (NYSE:CHWY)

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

A number of other analysts have also weighed in on the stock. Bank of America reiterated a buy rating and issued a $43.00 price objective (up previously from $36.00) on shares of The Medicines in a research note on Tuesday. Royal Bank of Canada reiterated a sector perform rating and issued a GBX 485 ($6.34) price objective on shares of in a research note on Tuesday. JPMorgan Chase & Co. initiated coverage on shares of Pinduoduo in a research note on Tuesday. They issued an underweight rating and a $20.48 price objective on the stock. William Blair initiated coverage on shares of Chewy in a research note on Tuesday. They issued an outperform rating on the stock. Finally, Barclays increased their price objective on shares of Roper Technologies from $342.00 to $355.00 and gave the stock an equal weight rating in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $37.44.

Shares of Chewy 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 news, General Counsel Susan Helfrick purchased 90,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were purchased at an average cost of $22.00 per share, with a total value of $1,980,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Argos Holdings Gp Llc sold 47,875,000 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $20.90, for a total transaction of $1,000,587,500.00. The disclosure for this sale can be found here. Insiders bought 152,500 shares of company stock worth $3,355,000 in the last quarter.

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.

Read More: Trading signals using Bollinger bands

The Fly

Analyst Recommendations for Chewy (NYSE:CHWY)

Receive News & Ratings for Chewy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chewy and related companies with MarketBeat.com's FREE daily email newsletter.