Fundamentally, the narrative of pet care stocks to buy comes down to simple demand. Irrespective of consumer headwinds – and there are a lot of them – Americans continue to open their wallets for their pets.
Chewy (NYSE: CHWY) stock price has had a tumultuous stay as a publicly traded company. Its stock surged from below $30 before the Covid-19 pandemic and reached a record high of $120 in 2021 as demand for e-commerce surged.
Schaeffer's 2024 Top Pick Chewy Inc (NYSE:CHWY) is 13.5% higher to trade at $25.92 at last check, earlier as high as $27.08, and on track for its highest close of 2024.
Chewy (CHWY) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Chewy shares have dropped over the past few years but rebounded recently. Meanwhile, Chewy's revenue has climbed, and the company is profitable and debt-free.
Chewy has fallen sharply from its pandemic peak. Growth has slowed significantly, but profitability is improving.
Shares of pet supply e-commerce site Chewy soared following the release of last week's earnings. The big jump, in fact, may have some interested investors balking due to the potential for a pullback.
Chewy (CHWY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Chewy's a popular destination for pet parents, and they're spending more and more on the e-commerce site. It has a loyal fan base that contributes a great deal of the company's revenue.
Since going public, Chewy has transformed into a profitable company, and now it's giving back to shareholders. The company will need to get better with its investments to grow the business, because right now its growth is lacking.
Chewy grew revenue despite a slight drop in active customers. The company plans to repurchase up to $500 million worth of shares.