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Chewy (CHWY) Receives a Hold from Needham

Needham analyst Anna Andreeva maintained a Hold rating on Chewy (CHWYResearch Report) today. The company’s shares closed last Thursday at $25.54, close to its 52-week low of $22.22.

According to TipRanks.com, Andreeva is a 1-star analyst with an average return of -2.4% and a 42.0% success rate. Andreeva covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, Revolve Group, and Overstock.

Chewy has an analyst consensus of Moderate Buy, with a price target consensus of $56.18, implying a 133.1% upside from current levels. In a report issued on May 24, Barclays also maintained a Hold rating on the stock with a $26.00 price target.

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Based on Chewy’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $2.39 billion and GAAP net loss of $63.61 million. In comparison, last year the company earned revenue of $2.04 billion and had a net profit of $21.05 million.

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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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