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.
寵物護理公司Chewy Inc.（紐交所：CHWY）在2024年經歷了許多事件，一位分析師認爲投資者應該買入該股票，未來還有更多上漲空間。 這則消息是在一個月之後曝出Roaring Kitty（又名Keith Gill）拋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.
美國銀行分析師Curtis Nagle將Chewy股票的評級從表現不佳升級至買入，並將價格目標從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
閱讀更多：寵物用品零售商Chewy的第二季度盈利：利潤超出預期，每位活躍客戶的銷售額創下新紀錄
The Analyst Takeaways: Improving industry trends and earnings potential led to an upgrade on Chewy shares by Nagle.
分析師看漲：行業趨勢改善和盈利潛力導致Nagle將Chewy股票的評級提升。
The analyst said Chewy's expense discipline could lead to earnings growth that is being underestimated by investors and other analysts.
分析師表示，Chewy的開支紀律可能導致投資者和其他分析師低估的盈利增長。
"Stabilizing industry trends lay path to pawsitive growth," Nagle said.
「穩定的行業趨勢爲正增長鋪平道路，」Nagle說。
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，動物收容所正在接納大量寵物，但自2024年開始以來，領養趨勢有所改善。
Pet spending also appears to have bottomed since being negative year-over-year earlier this year, the analyst added.
分析師補充說，自今年早些時候年初出現負增長以來，寵物支出似乎已觸底回升。
"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更容易對比和最近我們寵物專家電話會議的評論使我們相信行業可以恢復一致的LSD%-MSD%增長。
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，與第一季度相比，Chewy的網站流量同比第三季度上漲6%，而同比下降11%，這可能支持市場份額的增加和更多客戶數量。
The improving industry data could lead to stronger earnings leverage for Chewy, something Nagle said is being underestimated regarding the stock.
不斷改善的行業數據可能會導致對Chewy的更強盈利槓桿，Nagle表示，這在股票方面被低估。
"Since cost cuts in late 2023, Chewy has demonstrated strong expense discipline in SG&A and has scaled fulfillment expenses."
自2023年末削減成本以來，Chewy在銷售與行政支出方面表現出很強的成本管控，並已經擴大履行支出。
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.
廣告和健康增長以及機遇也帶來更高的毛利，可能會導致未來幾年的顯着盈利增長。Nagle補充道。
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.
分析師表示，Chewy類似訂閱的模式應該能夠獲取溢價，而公司對非必需類別的低暴露將減少增加的中國關稅帶來的影響。
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預測，鑑於寵物行業的趨勢和網站流量，Chewy有望超過第三季度街頭預估的5萬淨增長的活躍客戶。分析師指出，在過去的10個季度中，活躍客戶數量一直是預測該股票走勢的領先指標。
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：週三，Chewy股價上漲4.3%，報34.37美元，相比52周交易區間的14.68美元至39.10美元。Chewy今年至今漲幅達55%。
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譯文內容由第三人軟體翻譯。
