|Bid||26.71 x 800|
|Ask||28.40 x 800|
|Day's Range||25.65 - 26.95|
|52 Week Range||22.28 - 41.34|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Dec 16, 2019 - Dec 19, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||36.80|
It’s been rough sledding for 2019’s slate of newly public technology companies. In August, Barron’s cautioned many of this year’s hottest IPOs were facing big tests with their so-called stock lockup agreements about to expire. The lockup expirations typically occur six months after an IPO.
Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that's why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an […]
KB Home, Whiting, SmileDirectClub, CrowdStrike and Chewy highlighted as Zacks Bull and Bear of the Day
Kelly Flynn has never been one to turn her back to a slap shot. Growing up in Boston in the 1980s, Flynn played pickup hockey with her cousins, co-captained her high school team, and represented the Crimson for a couple of years while studying history and literature at Harvard University. After graduation, she made a quick cut to investment banking in New York.
It's been a rough year for the IPO market. While most promising unicorns have sputtered out of the gate, one analyst has a reason to be optimistic going forward.
Chewy Inc. shares fell 5.3% to fresh lows in afternoon trading Tuesday, putting them on track for a third 4-day losing streak in the past month. The stock has now declined in 8 of the past 9 sessions, and in 13 of the past 16 sessions. The stock has now tumbled 23% since the online "pet humanization" products seller reported second-quarter results, the first earnings report since the company went public on June 14. Meanwhile, the stock was still TK% above its $22 initial public offering price; the highest close for the stock was $37.36 on June 18. The stock has shed 30.8% over the past three months, while the Renaissance IPO ETF has lost 11.8% and the S&P 500 has slipped 0.8%.
One of newly public firms’ favorite tools to boost executives’ control may also be a long-term liability, according to Goldman Sachs.
Peloton (PTON) made its market debut this week, opening on the NASDAQ at $27, which was below its IPO pricing of $29 per share.
After initially popping as high as $39 per share following its summer IPO, Chewy Inc (NYSE: CHWY) shares are down 14% in the past three months as excitement over the pet supply stock has cooled. As is often the case when tech companies go public, the initial wave of buying in Chewy may have gotten the stock’s share price a bit ahead of itself following the IPO.
BARRONS NEXT HOT STOCKS Shares of (CHWY) rose as an analyst upgraded the online retailer of pet goods, saying the shares’ September slump has left them looking “more attractive, with limited downside.
Chewy's "solid" quarter is highlighted by a 43% increase in revenue and 410 basis point EBITDA margin expansion, Raymond James analyst Aaron Kessler wrote in a note. Other key positive takeaways from the quarter include: a net addition of around 700,000 customers, revenue per customer rose 10% from last year, Autoship revenue rose 49% year-over-year and accounted for 69.3% of total sales, gross margins expanded 300 basis points to 23.6% from improved product margin and supply chain efficiencies and management improved its sales outlook from 32-34% to 35-36%.
(Bloomberg) -- Chewy Inc. fell as some investors wanted to see a bigger sales beat and higher forecast boost from the online pet retailer.“We think the market is still trying to determine Chewy’s ‘true’ earnings potential, as initial expectations may have been for more pronounced upside,” Jefferies analyst Brent Thill wrote in a note.Analysts were generally bullish on Chewy’s fundamentals following the earnings release, which was just the second quarterly financial update since the company’s initial public offering in June. However, with the stock up 38% since its debut, opinions are mixed on its valuation.Chewy shares tumbled as much as 8.1% Wednesday to $27.79, the lowest the stock has touched since shares were priced at $22 on June 13.Here’s what analysts had to say after the report:Wells Fargo, Brian FitzgeraldFitzgerald continues to view Chewy as a “premium e-commerce asset deserving of a premium valuation.”Key positives from the quarter included: autoship customer sales growth of nearly 49%; gross margin improvements, driven by better product margin, supply chain efficiencies, and new higher-margin products; and the data management platform launch.Ebitda margin performance was the key negative in the quarter. “Despite noted gross margin tailwinds and an increase in full-year revenue guidance, Ebitda margin outlook remained largely unchanged.”Maintains outperform, price target $40.Jefferies, Brent Thill“All signs point to continued beat and raise quarters.”Gross margin, which was about 100 basis points above analyst estimates, was “a bright spot.” Thill said progression here “could indicate a shorter than expected pathway to profitability.”That said, Thill remains “mindful of operating losses and presence of larger-scale competitors,” including Amazon.com, Walmart Inc., and Target Corp. Valuation is also keeping him back from becoming “more constructive” on the name. He has a hold rating and cut his price target to $34 from $36 due to lower valuation across peers.What Bloomberg Intelligence says:“Despite heightened competition in 2Q from Amazon Prime Day and other holidays, Chewy remains able to grow, with Autoship sales accelerating faster than the total and now at 69% penetration. Chewy will likely exceed its full-year sales-growth outlook of 35-36%, in our view.”--Seema Shah, senior consumer discretionary analyst\--Click here to see the researchMorgan Stanley, Brian NowakChewy’s revised revenue and adjusted Ebitda forecasts are 1% and 12% above Nowak’s previous estimates at the top end, which “highlight why we like its position as the online leader in the staple-like pet space.”“The one point to pick at” was SG&A, which was $14 million higher than expected due to a fulfillment center launch and higher public company costs, the analyst said. “Given the size of this line item (17% of revenue) it will be important to monitor this.”Nowak maintains his equal-weight rating given valuation. He believes Chewy will have to accelerate net buyer additions and/or show that some of its “blue sky opportunities (healthcare, services, etc) are starting to meaningfully contribute in order to sustain” the current multiple. His price target remains $34.RBC, Mark Mahaney“Fundamental trends were largely neutral, with revenue growth decelerating 2 points to 43% y/y, gross margins solidly expanding 301 basis points y/y and Ebitda loss improving $24 million y/y but worsening $13 million q/q.”Rates sector perform(Updates with regular session stock activity in the fourth graph)To contact the reporter on this story: Janet Freund in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Morwenna ConiamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Dow Jones futures: The stock market rally neared highs even as Fed rate-cut odds fell to 50-50. Adobe, FedEx and Chewy fell on weak earnings or outlooks.
The shares of the Dania Beach, Fla., company were trading down 6.8% at $28.19. A number of analysts Wednesday were less than warm and fuzzy in their responses as well. Analysts were expecting a loss of 11 cents on revenue of $1.13 billion, according to FactSet.
The CEO of All of Us Alan Grujic discusses why he thinks transparency is the key to success in public and private markets, as well as the competition online brokerages are facing from apps. He joins Yahoo Finance's Dan Roberts, Heidi Chung, and Sibile Marcellus to discuss.
The online pet retailer Chewy reported a loss of 10 cents a share, which was one cent more than analysts expected. The company also raised its revenue forecast for the fiscal year. Yahoo Finance's YFi AM discusses.
Chewy posted a wider loss than a year ago, thanks in part to big stock payouts connected to its IPO this year. However, sales beat estimates and Chewy boosted its revenue outlook. Wedbush analyst Seth Basham shared his thoughts about Chewy on The Final Round.