Jefferies Reiterates Buy Rating on Chewy Inc. (CHWY)

Chewy Inc. (CHWY) PT Raised to $22 at Evercore ISI

Evercore ISI analyst Mark Mahaney raised the price target on Chewy Inc. (NYSE: CHWY) to $22.00 (from $19.00) while maintaining a In Line rating.

The analyst comments "We reiterate our In-Line rating & increase our PT to $22 from $19 for CHWY in the wake of a... More

Chewy Inc. (CHWY) PT Raised to $24 at RBC Capital

RBC Capital analyst Steven Shemesh raised the price target on Chewy Inc. (NYSE: CHWY) to $24.00 (from $22.00) while maintaining a Outperform rating.

The analyst comments "There was a lot to like about 1Q results. Gross margin overdelivery is likely to increase investor... More

Chewy Inc. (CHWY) PT Raised to $28 at Morgan Stanley

Morgan Stanley analyst Lauren Schenk raised the price target on Chewy Inc. (NYSE: CHWY) to $28.00 (from $27.00) while maintaining a Overweight rating.

The analyst comments "CHWY delivered better than expected revenue, a large EBITDA beat, and announced its first buyback program. Equally as... More

Chewy Inc. (CHWY) PT Raised to $20 at Deutsche Bank

Deutsche Bank analyst Leo Horowitz raised the price target on Chewy Inc. (NYSE: CHWY) to $20.00 (from $18.00) while maintaining a Hold rating.

The analyst comments "Chewy delivered better revenue results and a meaningful EBITDA beat in the 1Q despite aggregate Y/Y user declines that worsened relative to the 4Q. Looking out to the balance of the year, while the FY... More

Chewy Inc. (CHWY) PT Raised to $18.50 at BofA Securities

BofA Securities analyst Curtis Nagle raised the price target on Chewy Inc. (NYSE: CHWY) to $18.50 (from $16.50) while maintaining a Underperform rating.

The analyst comments "Reported 1Q rev/EBITDA beat of $2.88bn/$163mn vs. Street at $2.85bn/$114mn. Per mgmt., active customers... More

Chewy Inc. (CHWY) PT Raised to $22 at MoffettNathanson

MoffettNathanson analyst Michael Morton raised the price target on Chewy Inc. (NYSE: CHWY) to $22.00 (from $18.00) while maintaining a Neutral rating.

The analyst comments "In the complex world of investing, the ingredient to improve Chewys multiple has been relatively simple: customer net additions. While we were early in our March report: Cover Your Short, Dont Get Bit with an outlook for improving pet household formation, Chewys comments on green shoots in pet adoption,... More

Citi Reiterates Neutral Rating on Chewy Inc. (CHWY)

Citi analyst Steven Zaccone reiterated a Neutral rating and $16.00 price target on Chewy Inc. (NYSE: CHWY).

The analyst comments "CHWY reported better than expected 1Q results prompting a relief rally in shares (i) sales slightly beat Street expectations noting CHWY share gains in the... More

Chewy Inc. (CHWY) PT Raised to $23 at CFRA

CFRA analyst Arun Sundaram raised the price target on Chewy Inc. (NYSE: CHWY) to $23.00 (from $20.00) while maintaining a Hold rating.

The analyst comments "CHWY shares are surging on the heels of solid FQ1 (Apr-Q) results, a $500M share buyback announcement,... More

Popular stocks with increasing volume: CHWY BABA AMC GME SMCI PLTR SOFI ARM

Popular stocks with increasing volume: CHWY BABA AMC GME SMCI PLTR SOFI ARM

Midday movers: Marathon Oil, Dick's and Chewy rise; American Airlines falls

(Updated - May 29, 2024 11:57 AM EDT)

Investing.com -- U.S. stock futures fell Wednesday, with investors concerned that the Federal Reserve may keep interest rates elevated for longer than previously expected.

Here are some of the biggest U.S. stock movers today:

Nvidia (NASDAQ: NVDA) stock fell 0.25%, paring gains slightly after the tech giants hefty 7% gains the previous session.

American Airlines (NASDAQ: AAL) stock sank 15% after it cut its... More

Chewy shares surge 21% on Q1 results, raised 2024 margin outlook

(Updated - May 29, 2024 9:51 AM EDT)

Shares in Chewy (NYSE: CHWY) surged more than 21% at the market open Wednesday after the online pet food retailer reported better-than-expected Q1 numbers, raised full-year margin outlook, and announced a new share buyback plan.

Chewy posted earnings per share (EPS) of $0.31 in the... More

Chewy (CHWY) Tops Q1 EPS by 27c, Offers Guidance

(Updated - May 29, 2024 7:44 AM EDT)

Chewy (NYSE: CHWY) reported Q1 EPS of $0.31, $0.27 better than the analyst estimate of $0.04. Revenue for the quarter came in at $2.88 billion versus the consensus estimate of $2.86 billion.

GUIDANCE:

Chewy sees Q2 2024 revenue of... More

Chewy (CHWY) May weekly option implied volatility into quarter results

Chewy (NYSE: CHWY) May weekly call option implied volatility is at 170, June is at 90; compared to its 52-week range of 38 to 101 into the expected release of quarter results before the bell on May 29.

Chewy (CHWY) May weekly 16.50 straddle into quarter results

Chewy (NYSE: CHWY) May weekly 16.50 straddle priced for a move of 14% into the expected release of quarter results before the bell on May 29.