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Chewy Inc (CHWY) Analysis & Forecast for 2024

Chewy Inc (NYSE: CHWY) is 25.90% higher on its value in year-to-date trading and has touched a low of $14.69 and a high of $39.10 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CHWY stock was last observed hovering at around $31.10 in the last trading session, with the day’s loss setting it -1.35%.

Currently trading at $29.75, the stock is 3.95% and 12.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.12 million and changing -4.34% at the moment leaves the stock 41.44% off its SMA200. CHWY registered 61.60% gain for a year compared to 6-month gain of 86.87%.

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The stock witnessed a 9.78% loss in the last 1 month and extending the period to 3 months gives it a 16.80%, and is -6.97% 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 4.34% over the week and 6.08% over the month.

Chewy Inc (CHWY) has around 18100 employees, a market worth around $12.45B and $11.32B in sales. Current P/E ratio is 35.75 and Fwd P/E is 61.21. Profit margin for the company is 3.22%. Distance from 52-week low is 102.59% and -23.91% from its 52-week high. The company has generated returns on investments over the last 12 months (36.30%).

with sales reaching $2.86B over the same period.The EPS is expected to grow by 701.24% this year, but quarterly earnings will post 5.40% year-over-year.

Chewy Inc (CHWY) Top Institutional Holders

505.0 institutions hold shares in Chewy Inc (CHWY), with institutional investors hold 89.66% of the company’s shares. The shares outstanding are 132.91M, and float is at 131.33M with Short Float at 10.90%. Institutions hold 79.63% of the Float.

The top institutional shareholder in the company is BC PARTNERS ADVISORS L.P. with over 275.98 million shares valued at $7.52 billion. The investor’s holdings represent 63.4633% of the CHWY Shares outstanding. As of 2024-06-30, the second largest holder is BAILLIE GIFFORD & CO with 19.33 million shares valued at $526.63 million to account for 4.4457 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 10.27 million shares representing 2.362% and valued at over $279.8 million, while MORGAN STANLEY holds 2.2512 of the shares totaling 9.79 million with a market value of $266.68 million.

Chewy Inc (CHWY) Insider Activity

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Chewy Inc disclosed in a document filed with the SEC on Sep 03 ’24 that Singh Sumit (Chief Executive Officer) sold a total of 131 shares of the company’s common stock. The trade occurred on Sep 03 ’24 and was made at $27.88 per share for $3652.0. Following the transaction, the insider now directly holds 0.14 million shares of the CHWY stock.

Still, SEC filings show that on Sep 03 ’24, Singh Sumit (Member of immediate family of ) Proposed Sale 131 shares at an average price of $27.88 for $3652.0. The insider now directly holds shares of Chewy Inc (CHWY).

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