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Chewy Inc. (CHWY) 2022 Stock Forecast: Bullish Outlook with 27.96% Upside

Chewy Inc. (NYSE: CHWY) is -30.37% lower on its value in year-to-date trading and has touched a low of $22.22 and a high of $73.12 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CHWY stock was last observed hovering at around $41.39 in the last trading session, with the day’s loss setting it -0.33% off its average median price target of $43.00 for the next 12 months. It is also 27.96% off the consensus price target high of $57.00 offered by 26 analysts, but current levels are -71.08% lower than the price target low of $24.00 for the same period.

Currently trading at $41.06, the stock is 6.17% and 13.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.91 million and changing -0.80% at the moment leaves the stock 8.50% off its SMA200. CHWY registered -37.83% loss for a year compared to 6-month gain of 76.15%.

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The stock witnessed a 7.49% loss in the last 1 month and extending the period to 3 months gives it a 2.01%, and is -4.18% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.04% over the week and 7.22% over the month.

Chewy Inc. (CHWY) has around 21300 employees, a market worth around $17.38B and $9.46B in sales. Fwd P/E is 1283.13. Profit margin for the company is -0.60%. Distance from 52-week low is 84.79% and -43.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-491.00%).

Chewy Inc. (CHWY) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Chewy Inc. (CHWY) is a “Overweight”. 26 analysts offering their recommendations for the stock have an average rating of 2.20, where 10 rate it as a Hold and 2 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Chewy Inc. is expected to release its quarterly report on 03/28/2023.The EPS is expected to grow by 22.10% this year.

Chewy Inc. (CHWY) Top Institutional Holders

The shares outstanding are 421.69M, and float is at 90.01M with Short Float at 28.13%.

Chewy Inc. (CHWY) Insider Activity

A total of 22 insider transactions have happened at Chewy Inc. (CHWY) in the last six months, with sales accounting for 16 and purchases happening 6 times. The most recent transaction is an insider sale by Marte Mario Jesus,the company’sChief Financial Officer. SEC filings show that Marte Mario Jesus sold 28,171 shares of the company’s common stock on Nov 15 at a price of $43.96 per share for a total of $1.24 million. Following the sale, the insider now owns 0.15 million shares.

Chewy Inc. disclosed in a document filed with the SEC on Aug 25 that Singh Sumit (Chief Executive Officer) sold a total of 11,748 shares of the company’s common stock. The trade occurred on Aug 25 and was made at $40.46 per share for $0.48 million. Following the transaction, the insider now directly holds 47613.0 shares of the CHWY stock.

Still, SEC filings show that on Aug 15, Singh Sumit (Chief Executive Officer) disposed off 10,460 shares at an average price of $49.29 for $0.52 million. The insider now directly holds 59,361 shares of Chewy Inc. (CHWY).

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