Chewy, Inc. is projected to report an EPS of $0.24 for the current fiscal year, with analysts maintaining a "Moderate Buy" rating and a consensus price target of $38.47. Recent upgrades from firms like Goldman Sachs and Royal Bank of Canada suggest continued growth potential, despite some institutional investors reducing their stakes. The company reported a $0.28 EPS for the last quarter, exceeding expectations, with a revenue increase of 15% year-over-year.
chewy stock sees increased institutional investment and positive analyst ratings
Polar Asset Management Partners Inc. increased its stake in Chewy by 26.5%, owning 288,733 shares valued at $9.67 million. Barclays raised Chewy's target price from $40 to $44, indicating a potential upside of 34.22%. The stock has a "Moderate Buy" rating, with 93.09% of shares held by institutional investors.