Shares of Chewy (CHWY) have gained 10.6% over the past four weeks to close the last trading session at $17.74, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $26 indicates a potential upside of 46.6%.The mean estimate comprises 22 short-term price targets with a standard deviation of $6.52. While the lowest estimate of $17 indicates a 4.2% decline from the current price level, ...

After reaching an important support level, Chewy (CHWY) could be a good stock pick from a technical perspective. CHWY surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.Similar to other SMAs, if ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Chewy (CHWY) .Chewy currently has an average brokerage recommenda ...

Key PointsOptions can be used to calculate the implied price move for a stock heading into a catalyst event like earnings reports, FDA decisions, economic reports and court verdicts.Being aware of where the options market expects the price to go can prepare you for the risks and potential opportunities after the catalyst occurs.At-the-money spread pricing helps gauge how much of a price swing the underlying stock will make.5 stocks we like better than ChewyStock options can be used for many purposes, from c ...

Key TakeawaysChewy shares moved lower in premarket trading Thursday after the e-tailer's pet ownership outlook overshadowed its better-than-expected quarterly results.The company cautioned that it sees the pet industry growing at a slower-than-average pace this year due to pet household formation trends, before normalizing in 2025.Chewy said it expects to deliver continued adjusted EBITDA margin expansion and gain market share this year, regardless of the industry or macroeconomic conditions.A reversal in C ...

Chewy, Inc. (NYSE:CHWY) Q4 2023 Earnings Conference Call March 20, 2024 5:00 PM ET Company Participants Jennifer Hsu - Vice President and Head of Investor Relations Sumit Singh - Chief Executive Officer and Director David Reeder - Chief Financial Officer Conference Call Participants Douglas Anmuth - JPMorgan Mark Mahaney - Evercore ISI Dylan Carden - William Blair Anna Andreeva - Needham and Company Steven Zaccone - Citigroup Nathan Feather - Morgan Stanley Alex Steiger - Goldman Sachs Rupesh Parikh - Oppen ...

As online retail subscriptions gain share from physical stores, Chewy is leveraging its Autoship auto-fill program to win customers from its more traditional competitors.The company shared in a letter to shareholders accompanying its fourth quarter and full year fiscal 2023 financial results Wednesday (March 20) that its Autoship subscription program yielded highly positive results, generating about $8.5 billion in customer sales throughout 2023.“I’m incredibly excited about the company’s opportunities, we ...

Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered SECURITIES AND EXCHANGE COMMISSION FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 28, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File Number: 001-38936 Indicate by ch ...

Financial Performance - Net sales for Q4 2023 were $2.83 billion, a 4.2% year-over-year increase[2] - Gross margin for Q4 2023 expanded by 10 basis points to 28.2%[2] - Net income for Q4 2023 was $31.9 million, with a net margin of 1.1%, an 80 basis point increase year-over-year[2] - Adjusted EBITDA for Q4 2023 was $86.5 million, a decrease of $6.2 million year-over-year, with a margin of 3.1%, contracting 30 basis points[2] - Full-year 2023 net sales were $11.15 billion, a 10.2% year-over-year increase[2] - Full-year 2023 gross margin expanded by 40 basis points to 28.4%[2] - Full-year 2023 adjusted EBITDA was $368.1 million, an increase of $61.3 million year-over-year, with a margin of 3.3%, expanding 30 basis points[2] - Net income for the 13 weeks ended January 28, 2024 was $31.886 million, compared to $6.784 million for the same period in 2023[19] - Adjusted EBITDA for the 13 weeks ended January 28, 2024 was $86.467 million, compared to $92.672 million for the same period in 2023[19] - Net sales for the 13 weeks ended January 28, 2024 were $2.825 billion, compared to $2.712 billion for the same period in 2023[19] - Net margin for the 13 weeks ended January 28, 2024 was 1.1%, compared to 0.3% for the same period in 2023[19] - Adjusted EBITDA margin for the 13 weeks ended January 28, 2024 was 3.1%, compared to 3.4% for the same period in 2023[19] - Adjusted net income for the 13 weeks ended January 28, 2024 was $80.278 million, compared to $70.312 million for the same period in 2023[24] - Adjusted basic earnings per share for the 13 weeks ended January 28, 2024 was $0.19, compared to $0.17 for the same period in 2023[24] - Adjusted diluted earnings per share for the 13 weeks ended January 28, 2024 was $0.18, compared to $0.16 for the same period in 2023[24] Operational Metrics - Chewy offers approximately 115,000 products and services through its websites and mobile applications[5] - Chewy partners with approximately 3,500 trusted brands in the pet industry[5] Strategic Outlook - CEO Sumit Singh highlighted the company's commitment to expanding margins and generating free cash flow in 2024[13] Shareholder and Compensation Metrics - Weighted-average common shares used in computing adjusted earnings per share for the 13 weeks ended January 28, 2024 was 431.6 million, compared to 424.328 million for the same period in 2023[24] - Share-based compensation expense and related taxes for the 13 weeks ended January 28, 2024 was $60.665 million, compared to $50.188 million for the same period in 2023[24]

Despite continued growth in the business, Chewy (CHWY 0.87%) stock has not rebounded with the broad market over the last year. Shares are still down 85% from their previous peak, but analysts at Needham see a buying opportunity.The firm recently maintained its buy rating for the stock with a price target of $25, which also happens to be close to the average price target for all analysts covering the stock.Why buy Chewy stock?There are a few factors weighing on the stock price. The company is struggling to g ...