Chewy (NYSE:CHWY) Research Coverage Started at Morgan Stanley

Morgan Stanley started coverage on shares of Chewy (NYSE:CHWY) in a research note published on Tuesday, Benzinga reports. The brokerage issued an equal weight rating and a $33.00 target price on the stock.

A number of other research analysts have also issued reports on the stock. Wedbush began coverage on shares of Chewy in a report on Thursday, June 20th. They issued a neutral rating on the stock. JPMorgan Chase & Co. began coverage on shares of Pinduoduo in a report on Tuesday. They issued an underweight rating and a $20.48 target price on the stock. William Blair began coverage on shares of Chewy in a report on Tuesday. They issued an outperform rating on the stock. UBS Group began coverage on shares of Chewy in a report on Tuesday. They issued a buy rating and a $42.00 target price on the stock. Finally, Barclays upped their target price on shares of Roper Technologies from $342.00 to $355.00 and gave the company an equal weight rating in a report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $37.44.

Shares of NYSE CHWY opened at $33.38 on Tuesday. Chewy has a 52 week low of $30.78 and a 52 week high of $41.34.

In related news, insider Stacy Bowman acquired 35,500 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were acquired at an average cost of $22.00 per share, for a total transaction of $781,000.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sumit Singh acquired 11,000 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were bought at an average price of $22.00 per share, for a total transaction of $242,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 152,500 shares of company stock worth $3,355,000.

Chewy Company Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food, pet products, pet medications, and other pet health products for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications.

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Analyst Recommendations for Chewy (NYSE:CHWY)

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