Roaring Kitty Ditched Chewy, Analyst Says You Should Adopt The Stock With 'Path To Pawsitive Growth'
Roaring Kitty Ditched Chewy, Analyst Says You Should Adopt The Stock With 'Path To Pawsitive Growth'
Pet care company Chewy Inc. (NYSE:CHWY) has had an eventful 2024, and an analyst thinks investors should buy the stock for more upside ahead. This news comes a month after it was revealed that Roaring Kitty (aka Keith Gill) dumped his stake in the company.
宠物护理公司Chewy Inc.（纽交所：CHWY）在2024年经历了许多事件，一位分析师认为投资者应该买入该股票，未来还有更多上涨空间。 这则消息是在一个月之后曝出Roaring Kitty（又名Keith Gill）抛售了他在公司的股份。
The Chewy Analyst: Bank of America analyst Curtis Nagle double upgrades Chewy shares from Underperform to Buy and raises the price target from $24 to $40.
美国银行分析师Curtis Nagle将Chewy股票的评级从表现不佳升级至买入，并将价格目标从24美元提高至40美元。
Read Also: Pet Supply Retailer Chewy's Q2 Earnings: Profit Edges Out Expectation, Sales Per Active Customer Hits New Record
阅读更多：宠物用品零售商Chewy的第二季度盈利：利润超出预期，每位活跃客户的销售额创下新纪录
The Analyst Takeaways: Improving industry trends and earnings potential led to an upgrade on Chewy shares by Nagle.
分析师看涨：行业趋势改善和盈利潜力导致Nagle将Chewy股票的评级提升。
The analyst said Chewy's expense discipline could lead to earnings growth that is being underestimated by investors and other analysts.
分析师表示，Chewy的开支纪律可能导致投资者和其他分析师低估的盈利增长。
"Stabilizing industry trends lay path to pawsitive growth," Nagle said.
“稳定的行业趋势为正增长铺平道路，”Nagle说。
Nagle said animal shelters are taking in a large number of pets, but adoption trends have improved since the start of 2024.
Nagle表示，动物收容所正在接纳大量宠物，但自2024年开始以来，领养趋势有所改善。
Pet spending also appears to have bottomed since being negative year-over-year earlier this year, the analyst added.
分析师补充说，自今年早些时候年初出现负增长以来，宠物支出似乎已触底回升。
"Easier comps in 1H'25 and commentary from our recent pet expert call make us confident that industry can return to consistent LSD%-MSD% growth."
1H'25更容易对比和最近我们宠物专家电话会议的评论使我们相信行业可以恢复一致的LSD%-MSD%增长。
Nagle said Chewy's website traffic was up 6% year over year in the third quarter compared to down 11% year over year in the first quarter, which could support market share gains and a higher customer count.
Nagle表示，与第一季度相比，Chewy的网站流量同比第三季度上涨6%，而同比下降11%，这可能支持市场份额的增加和更多客户数量。
The improving industry data could lead to stronger earnings leverage for Chewy, something Nagle said is being underestimated regarding the stock.
不断改善的行业数据可能会导致对Chewy的更强盈利杠杆，Nagle表示，这在股票方面被低估。
"Since cost cuts in late 2023, Chewy has demonstrated strong expense discipline in SG&A and has scaled fulfillment expenses."
自2023年末削减成本以来，Chewy在销售与行政支出方面表现出很强的成本管控，并已经扩大履行支出。
Advertising and health growth and opportunities also come with higher gross margins and could lead to "significant earnings growth in the coming years," Nagle added.
广告和健康增长以及机遇也带来更高的毛利，可能会导致未来几年的显着盈利增长。Nagle补充道。
The analyst said Chewy's subscription-like model should command a premium and the company's low exposure to discretionary categories minimizes the impact for increased Chinese tariffs.
分析师表示，Chewy类似订阅的模式应该能够获取溢价，而公司对非必需类别的低暴露将减少增加的中国关税带来的影响。
Nagle predicts that Chewy can beat the third-quarter Street estimate of 50,000 net adds for active customers, given the pet industry trends and website traffic. The analyst notes that over the last 10 quarters, the active customer count has been a leading indicator of which way the stock will move.
Nagle预测，鉴于宠物行业的趋势和网站流量，Chewy有望超过第三季度街头预估的5万净增长的活跃客户。分析师指出，在过去的10个季度中，活跃客户数量一直是预测该股票走势的领先指标。
CHWY Price Action: Chewy stock is up 4.3% to $34.37 on Wednesday, versus a 52-week trading range of $14.68 to $39.10. Chewy stock is up 55% year-to-date in 2024.
CHWY股票行情：周三，Chewy股价上涨4.3%，报34.37美元，相比52周交易区间的14.68美元至39.10美元。Chewy今年至今涨幅达55%。
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Image created using artificial intelligence via Midjourney.
图像由Midjourney通过人工智能创建。
