24-May-2024
Options Volatility and Implied Earnings Moves This Week, May 28 – May 30, 2024
TipRanks (Mon, 27-May 7:00 AM ET)
Earnings week ahead: Salesforce, Costco, Canopy Growth, Dell, Dollar General, and more
Seeking Alpha News (Sun, 26-May 8:00 AM ET)
Catalyst Watch: Costco earnings, M&A drama, Viking ratings, and a key inflation read
Seeking Alpha News (Fri, 24-May 3:00 PM ET)
Analysts’ Top Consumer Cyclical Picks: Chewy (CHWY), Deckers Outdoor (DECK)
TipRanks (Fri, 24-May 8:30 AM ET)
TipRanks (Fri, 24-May 6:12 AM ET)
Analysts Conflicted on These Consumer Cyclical Names: eBay (EBAY), VF (VFC) and Chewy (CHWY)
TipRanks (Thu, 23-May 7:21 AM ET)
JMP Securities Sticks to Their Buy Rating for Chewy (CHWY)
TipRanks (Thu, 23-May 1:15 AM ET)
Chewy Announces Fiscal First Quarter 2024 Financial Results Conference Call
Business Wire (Wed, 8-May 4:05 PM ET)
Chewy Announces Fiscal Fourth Quarter and Full Year 2023 Financial Results
Business Wire (Wed, 20-Mar 4:15 PM ET)
Chewy Announces Fiscal Fourth Quarter and Full Year 2023 Financial Results Conference Call
Business Wire (Wed, 28-Feb 4:05 PM ET)
Chewy is the largest e-commerce pet care retailer in the US, generating $11.2 billion in 2023 sales across pet food, treats, hard goods, and pharmacy categories. The firm was founded in 2011, acquired by PetSmart in 2017, and tapped public markets as a stand-alone company in 2019 after spending a couple of years developing under the aegis of the pet superstore chain. The firm generates sales from pet food, treats, over-the-counter medications, medical prescription fulfillment, and hard goods, like crates, leashes, and bowls.
Chewy Class A trades on the NYSE stock market under the symbol CHWY.
As of May 24, 2024, CHWY stock price climbed to $16.57 with 6,612,880 million shares trading.
CHWY has a beta of 1.58, meaning it tends to be more sensitive to market movements. CHWY has a correlation of 0.15 to the broad based SPY ETF.
CHWY has a market cap of $7.21 billion. This is considered a Mid Cap stock.
Last quarter Chewy Class A reported $3 billion in Revenue and $.18 earnings per share. This beat revenue expectation by $60 million and exceeded earnings estimates by $.22.
In the last 3 years, CHWY stock traded as high as $97.74 and as low as $14.69.
The top ETF exchange traded funds that CHWY belongs to (by Net Assets): VTI, VB, VBK, VXF, SCHA.
CHWY has underperformed the market in the last year with a return of -47.5%, while the SPY ETF gained +30.4%. In the last 3 month period, CHWY fell short of the market, returning +3.0%, while SPY returned +4.6%. However, in the most recent 2 weeks CHWY has outperformed the stock market by returning +7.3%, while SPY returned +1.7%.
CHWY support price is $15.68 and resistance is $16.84 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CHWY stock will trade within this expected range on the day.