Chewy (NYSE:CHWY) posted its quarterly earnings data on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01), Briefing.com reports. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. The company’s quarterly revenue was up 45.2% compared to the same quarter last year. During the same period last year, the business posted ($0.15) EPS. Chewy updated its Q2 2019 guidance to EPS and its FY 2019 guidance to EPS.

NYSE CHWY opened at $30.69 on Friday. Chewy has a 12 month low of $30.25 and a 12 month high of $41.34.

In related news, major shareholder Argos Holdings Gp Llc sold 47,875,000 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $20.90, for a total transaction of $1,000,587,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Mario Jesus Marte acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were acquired at an average cost of $22.00 per share, for a total transaction of $330,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 152,500 shares of company stock worth $3,355,000.

A number of equities analysts have issued reports on CHWY shares. William Blair started coverage on Chewy in a report on Tuesday, July 9th. They issued an “outperform” rating for the company. Barclays increased their price objective on Roper Technologies from $342.00 to $355.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 9th. Bank of America reiterated a “buy” rating and issued a $43.00 price objective (up previously from $36.00) on shares of The Medicines in a report on Tuesday, July 9th. Morgan Stanley increased their price objective on Blackstone Group from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday. Finally, JPMorgan Chase & Co. started coverage on Pinduoduo in a report on Tuesday, July 9th. They issued an “underweight” rating and a $20.48 price objective for the company. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $37.56.

About Chewy

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food, pet products, pet medications, and other pet health products for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications.

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