Jefferies Financial Group assumed coverage on shares of Chewy (NYSE:CHWY) in a report issued on Tuesday, BenzingaRatingsTable reports. The brokerage issued a hold rating and a $35.00 price objective 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.

Several other brokerages have also issued reports on CHWY. Morgan Stanley cut their price target on Virtus Investment Partners from $121.00 to $118.00 and set an equal weight rating on the stock in a research note on Tuesday. Royal Bank of Canada reaffirmed a sector perform rating and set a GBX 485 ($6.34) price target on shares of in a research note on Tuesday. Barclays upped their price target on Roper Technologies from $342.00 to $355.00 and gave the company an equal weight rating in a research note on Tuesday. William Blair assumed coverage on Chewy in a research note on Tuesday. They set an outperform rating on the stock. Finally, JPMorgan Chase & Co. assumed coverage on Pinduoduo in a research note on Tuesday. They set an underweight rating and a $20.48 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $37.44.

Shares of CHWY opened at $33.96 on Tuesday. Chewy has a 12-month low of $30.78 and a 12-month high of $41.34.

In related news, CFO Mario Jesus Marte bought 15,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were purchased at an average price of $22.00 per share, with a total value of $330,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sumit Singh bought 11,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was bought at an average cost of $22.00 per share, for a total transaction of $242,000.00. The disclosure for this purchase can be found here. Insiders acquired 152,500 shares of company stock worth $3,355,000 in the last three months.

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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