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Chewy (CHWY) Up 51% in 3 Months: Lock in Gains or Ride the Rally?
ZACKS· 2024-08-14 15:30
Chewy Inc. (CHWY) has delivered a remarkable performance over the past three months, with its stock price soaring 51.3%. This impressive gain stands in sharp contrast to the industry, which has seen a decline of 7.6% in the same period. Chewy's robust operational scale and capabilities have enabled it to outperform the Retail - Wholesale sector's 3.2% fall and the S&P 500 index's 0.5% rise. Given this significant rally, a crucial question arises for investors: Is it time to capitalize on these gains or stay ...
Which Pet Stock Should Get Your Tail Wagging in 2024?
MarketBeat· 2024-08-13 12:15
It's not a sector as red-hot as artificial intelligence, but pet stocks warrant investor attention in 2024. According to PetExec, U.S. households spend over $136 billion per year on their pets. This spending has increased nearly every year for the past 20 to 30 years. That trend shows no sign of slowing down. Pets are big business. That type of growth has caused investors to become interested in pet stocks. Two pure-play names to consider are Zoetis Inc. NYSE: ZTS and Chewy Inc. NYSE: CHWY. Get Zoetis alert ...
3 Retail Stocks to Monitor Ahead of Economic Data
Schaeffers Investment Research· 2024-08-12 16:58
Investors are looking ahead to retail sales data for July, which is due out later this week. As Wall Street attempts to shake off recent volatility, now seems like an appropriate time to check back in with retailers Chewy Inc (NYSE:CHWY), Foot Locker Inc (NYSE:FL), and Kohl's Corp (NYSE:KSS). CHWY is up 1% to trade at $24.05 at last glance, bouncing off a pullback to the $20 level but still falling short of the 20-day moving average, despite now being on track for a third-straight daily gain. While Chewy st ...
Best Growth Stocks to Buy for August 9th
ZACKS· 2024-08-09 14:25
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today August 9th: Pilgrim's Pride (PPC) : This company which is engaged in the processing, production, marketing and distribution of frozen, fresh as well as value-added chicken products, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 27.1% over the last 60 days. Pilgrim's Pride's has a PEG ratio of 0.22 compared with 0.48 for the indu ...
Why Chewy Stock Dropped 11% Last Month
The Motley Fool· 2024-08-08 14:09
Investors aren't sure how to feel about this stock right now. Shares of pet e-commerce company Chewy (CHWY 1.40%) dropped 11.2% during July, according to data provided by S&P Global Market Intelligence. The stock was actually down closer to 12% in the first days of July. It then bounced all the way back before finally sliding back down to its 11% drop for the month -- it was a bumpy ride. Some of the volatility for Chewy stock in July is attributable to meme-stock traders -- investors excited by other inves ...
Chewy Is Unlocking Operating Leverage
Seeking Alpha· 2024-08-08 07:31
mgstudyo/E+ via Getty Images Chewy (NYSE: CHWY) stock has been in treuble since the beginning of 2021. After falling more than 75%, the company is finally producing real cash flows and finding operatin VAL 22.83 Chewy Inc (CHWY) Price 120.00 80.00 40.00 22.83 0.00 2020 2021 2022 2023 2024 Seeking AlphaX Aug 6, 2024, 10:15 PM EDT Powered by YC H A R TS Data by Y Charts What has happened with CHWY? Chewy is one of what I call a classic pandemic stock. These are, in my opinion, companies that acquired some imp ...
Best Growth Stocks to Buy for August 7th
ZACKS· 2024-08-07 14:12
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today August 7th: Chewy (CHWY) : This company which operates as an online pet retailer, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.1% over the last 60 days. Chewy's has a PEG ratio of 0.80 compared with 2.07 for the industry. The company possesses a Growth Score of A. Daktronics (DAKT) : This company which has strong leadership p ...
The Top 7 Retail Stocks to Buy Now: Summer 2024
Investor Place· 2024-08-03 10:52
Retail sales are a closely watched economic indicator every month. For the last year, the monthly and year-overyear (YOY) numbers have been weak at best. But there's a bigger problem. The headline number doesn't tell the full story of what ails retail stocks. When adjusted for inflation, the retail sales numbers are negative. But you're a consumer as much as an investor, and you know it's true. Consumers started to reject price increases some time ago. Now, they're starting to shut their wallets altogether. ...
Chewy (CHWY) Is a Trending Stock: Facts to Know Before Betting on It
ZACKS· 2024-08-01 14:00
Chewy (CHWY) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this online pet store have returned +0.3% over the past month versus the Zacks S&P 500 composite's +1.1% change. The Zacks Internet - Commerce industry, to which Chewy belongs, has lost 1.9% over this period. Now the key question is: Where could the stock be headed in the near term? Although media reports or ...
Chewy (CHWY) Rises As Market Takes a Dip: Key Facts
ZACKS· 2024-07-30 22:51
In the latest market close, Chewy (CHWY) reached $24.81, with a +1.72% movement compared to the previous day. The stock outpaced the S&P 500's daily loss of 0.5%. At the same time, the Dow added 0.5%, and the techheavy Nasdaq lost 1.28%. Prior to today's trading, shares of the online pet store had lost 4.13% over the past month. This has lagged the Retail-Wholesale sector's loss of 1.37% and the S&P 500's gain of 0.1% in that time. The investment community will be closely monitoring the performance of Chewy ...