Bank of America assumed coverage on shares of Chewy (NYSE:CHWY) in a research note published on Tuesday, BenzingaRatingsTable reports. The firm issued a buy rating and a $40.00 price target on the stock.

Several other research analysts have also commented on CHWY. Wedbush initiated coverage on Chewy in a report on Thursday, June 20th. They set a neutral rating on the stock. William Blair initiated coverage on Chewy in a report on Tuesday. They set an outperform rating on the stock. UBS Group initiated coverage on Chewy in a report on Tuesday. They set a buy rating and a $42.00 price target on the stock. Finally, Barclays lifted their price target on Roper Technologies from $342.00 to $355.00 and gave the stock an equal weight rating in a report on Tuesday. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $37.44.

Shares of CHWY stock opened at $33.38 on Tuesday. Chewy has a fifty-two week low of $30.78 and a fifty-two week high of $41.34.

In other Chewy news, CEO Sumit Singh acquired 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was purchased at an average cost of $22.00 per share, with a total value of $242,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Susan Helfrick acquired 90,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were acquired at an average cost of $22.00 per share, with a total value of $1,980,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 152,500 shares of company stock worth $3,355,000.

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.

Further Reading: Cost of Debt

Analyst Recommendations for Chewy (NYSE:CHWY)

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