Blurbs

Morgan Stanley Sticks to Their Hold Rating for Chewy (CHWY)

Morgan Stanley analyst Lauren Schenk maintained a Hold rating on Chewy (CHWYResearch Report) today and set a price target of $31.00. The company’s shares opened today at $43.78.

Schenk covers the Consumer Goods sector, focusing on stocks such as Etsy, Rover Group, and Ebay. According to TipRanks, Schenk has an average return of -23.7% and a 47.76% success rate on recommended stocks.

Currently, the analyst consensus on Chewy is a Moderate Buy with an average price target of $47.00.

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CHWY market cap is currently $18.59B and has a P/E ratio of -866.27.

Based on the recent corporate insider activity of 34 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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