Investment analysts at Nomura assumed coverage on shares of Chewy (NYSE:CHWY) in a report issued on Tuesday, MarketBeat reports. The firm set a “neutral” rating and a $36.00 price target on the stock. Nomura’s price objective indicates a potential upside of 7.85% from the company’s previous close.

A number of other analysts also recently issued reports on the stock. JPMorgan Chase & Co. began coverage on shares of Pinduoduo in a report on Tuesday. They set an “underweight” rating and a $20.48 price target for the company. Wedbush began coverage on shares of Chewy in a report on Thursday, June 20th. They set a “neutral” rating for the company. Morgan Stanley cut their price target on shares of Virtus Investment Partners from $121.00 to $118.00 and set an “equal weight” rating for the company in a report on Tuesday. UBS Group began coverage on shares of Chewy in a report on Tuesday. They set a “buy” rating and a $42.00 price target for the company. Finally, William Blair began coverage on shares of Chewy in a report on Tuesday. They set an “outperform” rating for the company. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Chewy presently has a consensus rating of “Hold” and a consensus target price of $37.44.

Shares of NYSE CHWY traded up $0.17 during midday trading on Tuesday, reaching $33.38. 1,592,164 shares of the stock were exchanged, compared to its average volume of 4,823,988. Chewy has a twelve month low of $30.78 and a twelve month high of $41.34.

In related news, major shareholder Argos Holdings Gp Llc sold 47,875,000 shares of Chewy stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $20.90, for a total value of $1,000,587,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sumit Singh bought 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was bought at an average price of $22.00 per share, with a total value of $242,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 152,500 shares of company stock valued at $3,355,000 in the last quarter.

About Chewy

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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