Nomura assumed coverage on shares of Chewy (NYSE:CHWY) in a report released on Tuesday, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $36.00 price target on the stock.

A number of other equities research analysts have also recently commented on CHWY. JPMorgan Chase & Co. assumed coverage on Pinduoduo in a research note on Tuesday. They issued an underweight rating and a $20.48 price target for the company. William Blair assumed coverage on Chewy in a research note on Tuesday. They issued an outperform rating for the company. Morgan Stanley decreased their price target on Virtus Investment Partners from $121.00 to $118.00 and set an equal weight rating for the company in a research note on Tuesday. Raymond James set a C$31.00 price target on Endeavour Mining and gave the company an outperform rating in a research note on Tuesday. Finally, Bank of America reiterated a buy rating and issued a $43.00 price target (up from $36.00) on shares of The Medicines in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $37.44.

Shares of CHWY stock opened at $33.38 on Tuesday. Chewy has a 1-year low of $30.78 and a 1-year high of $41.34.

In other Chewy news, General Counsel Susan Helfrick purchased 90,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was bought at an average cost of $22.00 per share, for a total transaction of $1,980,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stacy Bowman purchased 35,500 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was acquired at an average price of $22.00 per share, with a total value of $781,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 152,500 shares of company stock valued at $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: What is a Market Correction?

Analyst Recommendations for Chewy (NYSE:CHWY)

Receive News & Ratings for Chewy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chewy and related companies with MarketBeat.com's FREE daily email newsletter.