About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Company Performance - Chewy's stock closed at $27.09, reflecting a -1.35% change from the previous session, underperforming the S&P 500 which gained 0.22% [1] - The stock has decreased by 6.44% over the past month, compared to a loss of 0.42% in the Retail-Wholesale sector and a gain of 1.47% in the S&P 500 [1] - Upcoming earnings per share (EPS) is projected at $0.23, indicating a 53.33% increase year-over-year, with revenue expected to reach $2.86 billion, a 4.44% increase from the same quarter last year [1] Full Year Estimates - Analysts expect Chewy to report earnings of $1.14 per share and revenue of $11.83 billion for the full year, representing increases of +65.22% and +6.34% respectively from the previous year [2] - Recent changes in analyst estimates suggest a positive outlook for the company's business, as these revisions often reflect short-term business dynamics [2] Valuation Metrics - Chewy currently has a Forward P/E ratio of 24.09, which is higher than the industry average of 22.4 [3] - The company's PEG ratio stands at 0.77, compared to the industry average PEG ratio of 1.25, indicating a favorable growth outlook relative to its valuation [3] Industry Ranking - The Internet - Commerce industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 92, placing it in the top 37% of over 250 industries [3] - The Zacks Rank system indicates that top-rated industries outperform lower-rated ones by a factor of 2 to 1 [4]

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, October 24:Okta, Inc. (OKTA) : This identity verification company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.8% over the last 60 days.Okta has a PEG ratio of 1.23 compared with 2.80 for the industry. The company possesses a Growth Score of B.The Gap, Inc. (GAP) : This apparel retail company carries a Zacks Rank #1, and has witnessed t ...

The stock market can trap investors who get either too long or too short on a specific company or trend. Whenever this happens, the market has a way of correcting these imbalances through sharp rotations. Those who are too long on a stock or trend and see a sharp selloff will likely run for the exit, creating additional selling pressure on the trend.The inverse is also true for short sellers. When too many people—and too much capital—go on the short side, any time there is a sharp rally, these short sellers ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Chewy (CHWY) : This online pet retailer which offers pet products including dry and wet food, toys, mats, biscuits, vitamins and supplements, has seen the Zacks Consensus Estimate for its current year earnings increasing 34.1% over the last 60 days.Ericsson (ERIC) : This company which is a leading provider of communication networks, telecom services and support solutions, has seen the Zacks Consensus Estimate for its current year earnin ...

The latest trading session saw Chewy (CHWY) ending at $29.32, denoting a +0.14% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily loss of 0.02%. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, added 0.04%. The online pet store's shares have seen a decrease of 5.24% over the last month, not keeping up with the RetailWholesale sector's gain of 3.68% and the S&P 500's gain of 3.77%. The investment community will be paying close attention to ...

Core Insights - Chewy's stock has shown volatility, but an initial investment of $1,000 in October 2019 would have grown to approximately $1,160 over five years, reflecting a 16% gain [1][3] - In comparison, the S&P 500 index would have turned the same $1,000 investment into over $2,130, representing a return of approximately 113% [3] Company Performance - Chewy's initial public offering (IPO) took place in June 2019, and the stock experienced significant growth in 2020, with a 210% increase due to a surge in pet adoptions during the pandemic [2] - Sales growth has slowed, with a modest increase of 2.6% in the fiscal second quarter ending July 28, but gross margin improved by 1.2 percentage points to 29.5% [4] - The number of active customers decreased slightly to 20 million, but those customers are spending more [4] Future Outlook - The stock is not expected to rise as rapidly as it did in previous years, but there may still be investment opportunities due to the company's focus on profitability [5]

Chewy Inc. (CHWY) is a prominent player in the pet care industry, leveraging its e-commerce platform to cater to a growing base of pet owners. CHWY is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 23.6x, which positions it at a discount compared to the industry's average of 25.47x. The valuation does suggest that Chewy is undervalued, presenting a potential buying opportunity. Image Source: Zacks Investment Research CHWY Looks Attractive from a Valuation Standpoint However, CHW ...

Core Insights - Analyst sentiment and coverage trends are crucial for determining optimal stock buying times, with recent downgrades and price target revisions acting as headwinds, while upgrades and increased coverage serve as tailwinds for stock prices [1][2] Chewy (CHWY) - Chewy's stock is currently priced at $30.03, with a recent decline of 1.38%, and a 52-week range between $14.69 and $39.10 [3] - Analysts have increased price targets for Chewy, with TD Cowen initiating coverage at a Buy rating and a price target of $38, which is 28% above the current price and 12% higher than the consensus target [3][4] - Revenue growth for Chewy is expected to exceed 5% in F2026, with a projected 9% CAGR over the next five years, significantly higher than the industry average [4] - Chewy maintains a healthy balance sheet with low debt levels, and institutional ownership is nearly 95%, indicating bullish sentiment among institutional investors [5] GitLab (GTLB) - GitLab's stock is currently priced at $54.31, with a recent increase of 0.87%, and a 52-week range from $40.19 to $78.53 [8] - Morgan Stanley initiated coverage on GitLab with an Overweight rating and a price target of $70, representing a 30% upside from the current price [8] - The number of analysts covering GitLab has doubled in the last 18 months, with a consensus target indicating a 23% upside from recent price action [9]

Analysts' sentiment is important in determining the right time to buy stock. However, the trend in sentiment and coverage is more important than the consensus rating. A Moderate Buy or Buy rating doesn't mean as much if recent revisions include downgrades, price target revisions, and lapsed coverage. Those are headwinds for stock prices that can signal a top and a high potential for bearish reversals. ▼ A stock with a consensus rating of sell with recent upgrades and price target increases would be a better ...