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Highlights
- Chewy Inc. (NYSE:CHWY) and Etsy Inc. (NASDAQ:ETSY) stocks rose over 7% on Friday.
- CHWY stock declined 14.44% YTD, while the ETSY stock grew 52.97% in the same period.
- Chewy’s net sales jumped 26.8% in the August quarter, while Etsy’s revenue rose 18% in the September quarter.
Chewy, Inc. (NYSE:CHWY) and Etsy, Inc. (NASDAQ:ETSY) stocks rose more than 7% at the market close on Friday.
The CHWY stocks rose 7.87% to US$76.91, while ETSY closed at US$272.15, up 7.42%.
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Chewy, Inc.
The pet food retailer stock rallied for no apparent reason. The Florida-based company is a go-to online destination for pet products that range from food, health, supplies to services.
The company was founded in 2011. It has a market capitalization of US$32 billion, a P/E ratio of 3845.5, and a forward P/E for one year of 1018.57.
For the quarter ended August 31, 2021, the company posted net sales of US$2.16 billion, an increase of 26.8% YoY. The net loss was US$16.69 million against US$32.8 million for the comparable period of 2020.
Chewy’s active customers increased 21.1% to 20,077 in the quarter ended August 1, 2021.
The stock traded in the range of US$120.00 to US$60.45 in the last 52 weeks.
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Source – Pixabay
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Etsy, Inc.
The Brooklyn, New York-based retailer offers vintage items and handmade goods to consumers. Etsy’s platform is popular among buyers. The products include jewelry, craft supplies, clothing & accessories, home & living, vintage items, children- and-baby products, etc.
The company has a market capitalization of US$34.5 billion and a P/E ratio of 80.52. Its forward P/E ratio is 84.17, and its EPS is US$3.38.
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For the three months ended September 30, 2021, it earned revenue of US$532 million compared to US$451 million in the same period a year ago. The net income was US$90 million against US$91.7 million in the September quarter of 2020. The EPS diluted decreased from US$0.70 a year ago to US$0.62 in the September quarter of 2021.
The stock traded between US$283.40 and US$120.50 in the last 52 weeks.
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Bottomline
Dow Jones US Consumer Services Total Stock Market Index (DWCCSV) gained 15.06% YTD. In contrast, CHWY stock fell 14.44% YTD. On the other hand, the ETSY stock grew 52.97%. The US stock market has seen notable gains this week, lifted by strong quarterly results. However, investors should apply due diligence before investing in the stock market.
