Chewy (NYSE:CHWY) issued its earnings results on Tuesday. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.10), Briefing.com reports. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. Chewy’s revenue for the quarter was up 43.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.16) EPS. Chewy updated its FY 2019 guidance to EPS and its Q3 2019 guidance to EPS.
Shares of Chewy stock opened at $29.20 on Wednesday. The stock’s 50 day moving average is $32.08. Chewy has a 12-month low of $29.03 and a 12-month high of $41.34.
CHWY has been the subject of several recent research reports. JPMorgan Chase & Co. initiated coverage on Chewy in a research note on Tuesday, July 9th. They issued an “overweight” rating and a $42.00 price target for the company. Bank of America initiated coverage on Chewy in a research note on Tuesday, July 9th. They issued a “buy” rating and a $40.00 price target for the company. Zacks Investment Research raised Chewy from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Tuesday, August 20th. Jefferies Financial Group set a $36.00 price target on Chewy and gave the company a “hold” rating in a research note on Friday, July 19th. Finally, Raymond James reissued a “hold” rating on shares of Chewy in a research note on Friday, July 19th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Chewy has an average rating of “Hold” and an average price target of $36.45.
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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