Chewy shares ease as results disappoint

Chewy

04/12/2024 18:59

** Shares of Chewy  CHWY.N  are down slightly on Weds after
paring sharp early losses as the pet supplies retailer announced
qtrly results that disappointed 
    ** Co reported qtrly earnings that missed analyst
expectations and rev that was roughly in line with expectations,
according to LSEG data
    ** The stock is last at ~$33.40 after falling as low as
$29.91 earlier; the 12-mo median price target is at $34.50,
based on LSEG
    ** Among analyst recommendations, 17 rate the stock a
"strong buy" or "buy," while 14 rate it a "hold," and no
analysts rate it a "sell" or "strong sell," per LSEG
    ** Jefferies analysts, who have a "buy" rating on the stock,
in a note Weds were upbeat for 2025, noting that "key customer
metrics are trending in the right direction."
    ** Including the session move, CHWY is up around 41% YTD 

 (Reporting by Caroline Valetkevitch)
 ((caroline.valetkevitch@thomsonreuters.com))