Chewy's stock experienced notable volatility on December 11th following the announcement of a $500 million public offering of Class A common stock by Buddy Chester Sub, an entity affiliated with BC Partners, Chewy's largest shareholder. This move by BC Partners to reduce its stake in the online pet-product seller has raised concerns among investors about potential confidence issues, as large shareholder sel
Chewy, Inc. (CHWY) saw its stock price rise by 1.64% to close at $31.58 on December 6, 2024, following a day of positive sentiment driven by strategic growth initiatives and analyst upgrades. The stock opened at $31.58 and reached a high of $32.02 before settling slightly lower. The trading volume was 5,432,449, close to its average, indicating steady investor interest. The uptick was fueled by Chewy's Q3 e
Chewy's stock is experiencing an uptick today following a cautiously optimistic outlook on its growth potential. Analysts have highlighted the company's strategic initiatives, such as the Autoship program, which is expected to drive revenue re-acceleration in the coming years. Despite a sequential decline in gross and adjusted EBITDA margins and a miss on Q3 adjusted EPS, the company raised its FY24 guidanc
Chewy's stock is experiencing an uptick today, driven by a combination of positive analyst sentiment and strategic growth initiatives. The company recently received a buy rating from TD Cowen, reflecting confidence in its financial performance and growth potential. Additionally, Chewy's Q3 results, while mixed, showed promising signs with a 4.8% increase in net revenue to $2.88 billion, surpassing consensus
Chewy's stock is experiencing an uptick today, driven by positive developments in its customer growth and strategic initiatives. During the Q3 2024 earnings call, Chewy executives highlighted a return to customer growth, with active customers reaching 20.2 million, an increase of 160,000 from the previous quarter. This growth was attributed to enhancements in the mobile app experience and the success of Che
Chewy's stock faced downward pressure on December 5th following a downgrade from Exane BNP Paribas. The investment firm adjusted its rating on Chewy from "Outperform" to "Neutral," setting a price target of $30. This downgrade comes despite Chewy's recent financial results, which showed a 4.8% year-over-year increase in net sales to $2.88 billion for the third quarter of fiscal year 2024. The company's gros
Chewy, Inc. (CHWY) saw its stock price decline by 7.17% on December 5, 2024, closing at $31.07, down from the previous day's close of $33.47. The stock opened at $32.78 and reached a high of $32.84 before sliding to a low of $31.00, with trading volume significantly above average at 9,578,614 shares. Despite Wedbush raising its price target for Chewy from $35 to $39, the market reacted negatively to the com
Chewy's stock is experiencing a decline despite Wedbush raising its price target for the company from $35 to $39. This adjustment reflects a positive outlook from the analyst firm, suggesting confidence in Chewy's future performance. However, the market reaction appears to be contrary, as the stock is trading lower.
The current price of Chewy (CHWY) is $31.61, down 5.56% from its previous close of $33.47 o
Chewy, Inc. (CHWY) has been a topic of discussion on Reddit forums, particularly following its recent earnings call. The company reported a 5% increase in Q3 net sales to $2.88 billion, with significant contributions from its Autoship program, which accounted for 80% of sales. Chewy also highlighted its expansion into Canada and the success of its Chewy Vet Care Clinics. However, challenges remain, such as
Chewy Inc. (CHWY) has been rated a "Buy" by Citi, with a maintained target price of $40, based on 1.8x EV/FY26E EBITDA. Despite a slight miss in Q3 earnings expectations, Citi views the current share weakness as a buying opportunity, driven by Chewy's strengthening sales momentum and customer growth. The report highlights Chewy's strategic increase in marketing investment, which management describes as comi
Chewy, Inc. (CHWY) saw its stock decline on December 4, 2024, closing at $33.47, down 0.45% from the previous day's close of $33.62. The stock opened at $30.81 and experienced significant volatility, reaching a low of $29.90 before recovering slightly. The trading volume was notably high at 16,993,786 shares, nearly three times the average daily volume, indicating heightened investor activity. The decline w
Chewy's stock is experiencing a decline today following the release of its third-quarter financial results, which revealed a profit miss and a decrease in active customers. Despite reporting a 4.8% increase in net sales to $2.88 billion, the company's earnings per share (EPS) came in at $0.01, falling short of the estimated $0.09. This earnings miss, coupled with a decline in active customers, has overshado
Chewy, Inc. (NYSE: CHWY) reported its third-quarter financial results on December 4, 2024, revealing an adjusted earnings per share (EPS) of $0.20, which fell short of the consensus estimate of $0.23. Despite the company achieving a 4.8% year-over-year increase in net sales to $2.88 billion and a gross margin improvement of 80 basis points to 29.3%, the earnings miss appears to have weighed on investor sent
Chewy, Inc. (CHWY) is experiencing a notable pre-market rise as the company prepares to announce its Q3 2024 earnings before the market opens on December 4. Analysts have expressed optimism about Chewy's performance, with several recent forecast changes indicating a positive outlook. Piper Sandler, for instance, maintains an Overweight rating on the company, emphasizing its strong position in the online pet
Chewy's stock is experiencing an after-hours boost following the announcement of two significant partnerships. The first is the launch of Kismet, a pet lifestyle brand co-founded by Chrissy Teigen and John Legend, on Chewy's platform. This collaboration introduces a range of premium dog foods and treats, expanding Chewy's product offerings and potentially attracting a new customer base interested in high-qu
Chewy, Inc. (CHWY) saw a modest increase in its stock price on December 2, 2024, closing at $33.63, up 0.66% from the previous close of $33.41. The stock opened at the same price as its close and reached a high of $34.10 before settling. Trading volume was slightly below average at 4,755,426 shares, about 82.56% of the daily average. The day's movement was influenced by several factors, including Piper Sand
Reddit discussions around Chewy, Inc. (CHWY) have been lively, with users analyzing potential earnings opportunities and implied stock movements. One user on r/thetagang highlighted the importance of comparing implied moves to historical averages, noting that "implied moves don’t always align with recent significant moves during earnings, which creates opportunities for applying volatility strategies." This
Chewy, Inc. (CHWY) is currently in the spotlight on Reddit forums as investors and users discuss the company's upcoming earnings release scheduled for the week of December 2, 2024. While there is no specific news today explaining the stock's movement, Reddit users are actively speculating on Chewy's performance and potential market moves. One user expressed optimism, stating, "Chewy Calls next week seem nic
Chewy Inc. (CHWY) is set to report its Q3 earnings on December 4, with BofA Global Research maintaining a "Buy" rating and a price target of $40, up from the current price of $34.46 as of November 26. The report anticipates Chewy's Q3 revenue and EBITDA to surpass Street estimates, forecasting $2.88 billion and $129 million, respectively, compared to the Street's $2.86 billion and $121 million. BofA highlig
Chewy, Inc. (CHWY) stock is experiencing a modest increase of 1.38% as of 9:43 AM on November 25, 2024, reaching a price of $35.37. The stock's movement today is likely influenced by the launch of Chewy's Black Friday 2024 sale, which offers significant discounts of up to 50% on various pet products. The sale, which began today and runs through November 29, is expected to attract a large number of customers