Chewy Registered (A) WKN: A2PL6S ISIN: US16679L1098 Kürzel: CHWY Forum: Aktien Thema: Hauptdiskussion

Hier die Kurzanalyse von Jeffrey's in Englisch Chewy (NYSE:CHWY) gained in early trading on Tuesday after Jefferies called the online pet retailer a tail-wagging opportunity for investors. The firm started coverage on Chewy (CHWY) with a Buy rating. Analyst Kaumil Gajrawala said Chewy (CHWY) is a pet e-commerce pure-play with several growth and margin levers at its disposal. Pet health, the advertising business, and automation are seen as near-term drivers, although wide goalposts and ongoing cost pressures are anticipated to create a fluid timeline. While macroeconomic pressures are seen inviting some caution, Chewy (CHWY) was noted to be somewhat insulated to create an opportunity for shareholders. "High inflation is causing trade down in food and discretionary is still weak. Chewy indexes to high income groups, ~76% of sales are from Autoship customers, and consumables, not supplies, make up the lion's share of sales (70%). Despite below-algo F24 growth (+5% est. vs. +HSD%), on muted pricing and slower pet household formation, pockets of weakness in the industry are less likely to impact Chewy." Jefferies models for Chewy's (CHWY) FY24 sales to be up 5% before accelerating to +8% in FY27. The firm's price target on Chewy (CHWY) of $27 is based on a 21X multiple of the FY25 adjusted EBITDA estimate. The higher multiple is seen as warranted due to Chewy's (CHWY) growth and margin initiatives in place.