Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessIs chewy stock a good buy and Why Investors Love Chewy

Is chewy stock a good buy and Why Investors Love Chewy

Add to Favorite
Added to Favorite

Chewy.com is a dog and cat lovers who want only the best-quality products for their pets. And they’re always on the go. Being a pet parent is one of the best things in life. And they understand because they’re pet parents too. In fact, Chewy.com was founded by people with a serious passion for helping pets. They wanted to make the process of finding food, treats and all that good stuff easy to find–and deliver it straight to your doorstep. Headquartered in Dania Beach, Florida, Chewy.com’s dedicated staff–furry and non-furry alike–are committed to providing the kind of service that makes you go “wow.” Their warehouses all over the country can ship the freshest, highest quality products–and fast. And their amazing gals and guys in customer service are here day and night to help. Bottom line is, they’re here to make pet happiness happen.

Chewy, Inc. (CHWY) NYSE — Nasdaq has been busier than ever offering our pets fast delivery during the Covid-19 pandemic. Can they keep up the momentum? Who wants to lug 25 lbs. of cat and dog food to their home from the car? Not many I assume. The convenience has been a life saver for many. Chewy beat  revenue forecasts and the company believes it will continue strong growth. The company note  fiscal first-quarter revenue of $1.5 billion to $1.52 billion, far ahead of  estimates for $1.45 billion.

“PetSmart acquired Chewy in 2017, adding $2 billion to PetSmart’s debt load to do the deal.” Stated by Reuters.

 

Chart
Data by  YCharts

[object HTMLElement]

Chief Executive Officer (CEO) and Director Sumit Singh is the CEO of Chewy, Inc. (NYSE:CHWY) and also serves on the company’s Board of Directors. Under Sumit’s leadership, Chewy became a public company in June 2019, trading on the New York Stock Exchange as CHWY and raising $1 billion from the stock sale. Source: https://www.linkedin.com/in/sumit-singh-807ab14

Top4  Mutual Fund Holders

Holder   Shares   Date Reported   % Out       Value

Morgan Stanley Inst Fd Inc-Growth Port 3,734,428                         Dec 30, 2019             4.43%       108,298,412

Vanguard U.S. Growth Fund               1,966,218                         Feb 28, 2020             2.33%       58,200,052

Vanguard Explorer Fund, Inc.           1,713,076                         Jan 30, 2020               2.03%       45,413,644

Vanguard Total Stock Market Index Fund                           1,223,246                         Dec 30, 2019             1.45%       35,474,134

Top 4 Institutional Holders

Holder   Shares   Date Reported   % Out       Value

Morgan Stanley 13,004,412                     Mar 30, 2020           15.44%   487,535,405

Baillie Gifford and Company               5,179,851                         Mar 30, 2020           6.15%       194,192,613

Vanguard Group, Inc. (The)                   3,997,924                         Mar 30, 2020           4.75%       149,882,170

Tybourne Capital Management (HK) Limited               3,516,124                         Mar 30, 2020           4.18%       131,819,488

Our Top Stock are Walmart which is grossly undervalued and should be trading above $300 and Groupon (NASDAQ:GRPN) with a potential upside $50 by end of the year with strong holiday sales and retail spending. Another company we like is Google Alphabet ( NASDAQ:GOOGL ) with an upside of $2000 and Apple ( NASDQ:AAPL )     with upside of $1000

and Sears (NASDAQ : SHLDQ ) after reconstruction and closing most stores to become profitable and positive online presence we believe the stock can reach high $3

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

 

Subscribe to get Latest News Updates

Latest News

You may like more
more