Fintel reports that on January 3, 2025, Wolfe Research upgraded their outlook for Chewy (NYSE:CHWY) from Peer Perform to Outperform.
Analyst Price Forecast Suggests 7.34% Upside
As of December 23, 2024, the average one-year price target for Chewy is $36.35/share. The forecasts range from a low of $24.24 to a high of $44.10. The average price target represents an increase of 7.34% from its latest reported closing price of $33.87 / share.
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The projected annual revenue for Chewy is 12,880MM, an increase of 12.59%. The projected annual non-GAAP EPS is 0.42.
What is the Fund Sentiment?
There are 594 funds or institutions reporting positions in Chewy. This is an increase of 21 owner(s) or 3.66% in the last quarter. Average portfolio weight of all funds dedicated to CHWY is 0.35%, an increase of 1.11%. Total shares owned by institutions decreased in the last three months by 2.57% to 390,840K shares. 
The put/call ratio of CHWY is 0.75, indicating a bullish outlook.
What are Other Shareholders Doing?
BC Partners Advisors holds 247,776K shares representing 153.21% ownership of the company. In its prior filing, the firm reported owning 275,985K shares , representing a decrease of 11.38%. The firm decreased its portfolio allocation in CHWY by 0.94% over the last quarter.
Baillie Gifford holds 18,566K shares representing 11.48% ownership of the company. In its prior filing, the firm reported owning 19,333K shares , representing a decrease of 4.13%. The firm decreased its portfolio allocation in CHWY by 0.81% over the last quarter.
Balyasny Asset Management holds 6,288K shares representing 3.89% ownership of the company. In its prior filing, the firm reported owning 1,934K shares , representing an increase of 69.25%. The firm increased its portfolio allocation in CHWY by 224.60% over the last quarter.
Marshall Wace, Llp holds 4,888K shares representing 3.02% ownership of the company. In its prior filing, the firm reported owning 2,893K shares , representing an increase of 40.82%. The firm increased its portfolio allocation in CHWY by 5.01% over the last quarter.
Voya Investment Management holds 4,486K shares representing 2.77% ownership of the company. In its prior filing, the firm reported owning 4,486K shares , representing a decrease of 0.00%. The firm increased its portfolio allocation in CHWY by 125.48% over the last quarter.
Chewy Background Information
(This description is provided by the company.)
Chewy's mission is to be the most trusted and convenient online destination for pet parents (and partners) everywhere. The Company believes to be the preeminent online source for pet products, supplies and prescriptions as a result of its broad selection of high-quality products, which its offers at competitive prices and deliver with an exceptional level of care and a personal touch. The Company continually develops innovative ways for its customers to engage with them, and partner with approximately 2,500 of the best and most trusted brands in the pet industry, to bring a high-bar, customer-centric experience to its customers.
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This story originally appeared on Fintel.
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