What does the chewy stock price crash tell us?
Chewy's stock price crash has it selling at a price-to-sales ratio of 2.3, near the lowest in the past three years. It appears that the market is already pricing in the difficulties of the short term. Meanwhile, the company has added millions of new customers that are sticking around and raising spending with Chewy.
How much has chewy's stock increased since March 11th?
Chewy's stock was trading at $25.46 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CHWY stock has increased by 131.6% and is now trading at $58.97. View which stocks have been most impacted by COVID-19. When is Chewy's next earnings date?
Should you buy chewy stock?
20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chewy in the last year. There are currently 1 sell rating, 8 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Chewy stock. View analyst ratings for Chewy or view top-rated stocks.
Is chewy stock headed to $90 from $100?
Chewy stock price target cut to $90 from $100 at Wedbush Sep. 2, 2021 at 7:25 a.m. ETby Tomi Kilgore Chewy Shares Fall 10%
Why did Chewy stock go down?
Part of the reason Chewy didn't gain operating leverage in 2021 is due to inflation. This is reflected in the moderate decline in the company's gross margin -- in other words, the cost of goods went up because of inflation faster than management could pass the added cost on to customers.
Is Chewy stock a good buy now?
The market may be reacting to short-term results, but Chewy is poised for long-term success. After riding high during the height of the pandemic, e-commerce pet retailer Chewy (CHWY 3.10%) has had a rough go of it. Down over 65% from its early 2021 highs, the stock has yet to gain any traction in 2022.
Is Chewy a good stock to hold?
Of 23 analysts who followed Chewy in February, seven of them rated the stock a strong buy, six rated it a buy, nine rated it a hold, and one gave it an underperform rating, according to Yahoo Finance.
Did Chewy do a stock split?
Chewy (CHWY) has 1 split in our Chewy stock split history database. The split for CHWY took place on October 13, 2009. This was a 1 for 3 reverse split, meaning for each 3 shares of CHWY owned pre-split, the shareholder now owned 1 share.
Is Chewy stock undervalued?
Chewy Inc shows a prevailing Real Value of $42.47 per share. The current price of the firm is $27.76. At this time, the firm appears to be undervalued.
Why did Chewy prices go up?
Like Petco, Chewy is also facing rising input costs due to supply-chain challenges and higher marketing prices. The latest product-pricing news from Petco could give Chewy more confidence to institute price increases of its own and expect customers to respond similarly.
Is Chewy in financial trouble?
Chewy is struggling due to supply-chain and labor-related challenges, which have led to lost sales for the company as well as elevated costs.
Who owns Chewys?
PetSmartChewy was acquired by PetSmart in May 2017 for $3.35 billion, which at the time was the largest ever acquisition of an e-commerce business.
Has Chewy ever made a profit?
The company added millions of customers and even became profitable for the first time in its existence, recording a profit in the fourth quarter of 2020. Today, over 7,000 people are employed by Chewy.
3 Bullish Most-Shorted Stocks to Buy
It Might Be Time to Take a Bite Out of Chewy
The risk-off trade is back en vogue on Wall Street this week. But in a market made up of share prices often left to their own devices, some of today’s most-shorted stocks are taking full advantage of that tendency.
What happened
Pet-focused e-commerce company Chewy (NYSE: CHWY) is a great example of a smaller player finding success in a large industry like e-commerce by focusing on a specific niche. Homing in on a particular target audience and serving it well can help establish brand power against the big players like Amazon that do a little of everything.
So what
Shares of online pet retailer Chewy (NYSE: CHWY) fell out of the gate on Dec. 10, dropping a quick 10% in early trading. The loss wasn't a surprise, however, as investors digested the company's after-the-close third-quarter 2021 earnings update from Dec. 9. The results themselves were a bit mixed, but it's the trend that's likely the real problem.
Now what
The third quarter's results showed a number of very big positives. For example, sales of just over $2.2 billion increased 24.1% compared to the third quarter of 2020. Of that total, sales to customers using "autoship" increased 26.7% to 70.6% of overall sales.
The Motley Fool
In fairness to the bears out there, Chewy's story isn't quite as good as it was in the early days of the pandemic. However, that doesn't mean that the long-term outlook has turned negative. At this point it just seems this fast-growing pet retailer is maturing and, as is normal, growth is starting to slow down.
About Chewy
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.
Chewy (NYSE:CHWY) Frequently Asked Questions
Chewy, Inc. engages in the provision of pure-play e-commerce business. It supplies pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles. The company was founded by Ryan Cohen and Michael Day in September 2011 and is headquartered in Dania Beach, FL.
