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Chewy (CHWY) Receives a Buy from Robert W. Baird

In a report released on August 30, Justin Kleber from Robert W. Baird maintained a Buy rating on Chewy (CHWYResearch Report), with a price target of $45.00. The company’s shares closed yesterday at $33.87.

According to TipRanks, Kleber is a 3-star analyst with an average return of 5.1% and a 39.29% success rate. Kleber covers the Consumer Goods sector, focusing on stocks such as Bed Bath & Beyond, Dick’s Sporting Goods, and Hibbett Sports.

Chewy has an analyst consensus of Moderate Buy, with a price target consensus of $46.43, representing a 37.08% upside. In a report released on August 31, Evercore ISI also maintained a Buy rating on the stock with a $54.00 price target.

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Based on Chewy’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $2.43 billion and a net profit of $18.47 million. In comparison, last year the company earned a revenue of $2.14 billion and had a net profit of $38.72 million

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CHWY in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Florida-based Chewy, Inc. is an online retailer of pet food, pet supplies, prescriptions and other pet-related products for dogs, cats, fish, birds, small pets, horses, and reptiles. It serves its customers through its retail website, www.chewy.com, and its mobile applications.

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