Morgan Stanley initiated coverage on shares of Chewy (NYSE:CHWY) in a report published on Tuesday, Benzinga reports. The brokerage issued an equal weight rating and a $33.00 price target on the stock.

Several other equities research analysts also recently weighed in on the stock. UBS Group began coverage on shares of Chewy in a research report on Tuesday. They set a buy rating and a $42.00 price target for the company. Wedbush began coverage on shares of Chewy in a research report on Thursday, June 20th. They set a neutral rating for the company. Royal Bank of Canada reissued a sector perform rating and set a GBX 485 ($6.34) price target on shares of in a research report on Tuesday. Barclays raised their price target on shares of Roper Technologies from $342.00 to $355.00 and gave the company an equal weight rating in a research report on Tuesday. Finally, Bank of America reissued a buy rating and set a $43.00 price target (up previously from $36.00) on shares of The Medicines in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $37.44.

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

In related news, insider Stacy Bowman bought 35,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were bought at an average price of $22.00 per share, for a total transaction of $781,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Susan Helfrick bought 90,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was bought at an average price of $22.00 per share, for a total transaction of $1,980,000.00. The disclosure for this purchase can be found here. Insiders purchased 152,500 shares of company stock worth $3,355,000 in the last 90 days.

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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