Chewy, Inc. (NYSE:CHWY) CEO Sells $505,873.60 in Stock

Chewy, Inc. (NYSE:CHWY) CEO Sumit Singh sold 13,472 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $37.55, for a total transaction of $505,873.60. Following the completion of the sale, the chief executive officer now directly owns 505,109 shares in the company, valued at approximately $18,966,842.95. This trade represents a 2.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Sumit Singh also recently made the following trade(s):

• On Friday, January 17th, Sumit Singh sold 4,000 shares of Chewy stock. The shares were sold at an average price of $37.52, for a total transaction of $150,080.00.
• On Wednesday, January 15th, Sumit Singh sold 114,130 shares of Chewy stock. The stock was sold at an average price of $37.70, for a total value of $4,302,701.00.
• On Monday, January 6th, Sumit Singh sold 63,187 shares of Chewy stock. The stock was sold at an average price of $37.62, for a total value of $2,377,094.94.
• On Friday, January 3rd, Sumit Singh sold 191,096 shares of Chewy stock. The shares were sold at an average price of $35.68, for a total value of $6,818,305.28.
• On Thursday, December 26th, Sumit Singh sold 571,903 shares of Chewy stock. The stock was sold at an average price of $34.52, for a total transaction of $19,742,091.56.
• On Tuesday, December 24th, Sumit Singh sold 71,161 shares of Chewy stock. The stock was sold at an average price of $35.00, for a total transaction of $2,490,635.00.
• On Thursday, December 19th, Sumit Singh sold 71,161 shares of Chewy stock. The shares were sold at an average price of $32.50, for a total transaction of $2,312,732.50.

Chewy Stock Performance

Shares of Chewy stock opened at $39.25 on Monday. The company’s 50 day moving average price is $34.48 and its 200-day moving average price is $30.08. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $39.60. The stock has a market capitalization of $15.98 billion, a price-to-earnings ratio of 43.13, a P/E/G ratio of 4.16 and a beta of 1.10.

Chewy (NYSE:CHWY) last released its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.15. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.86 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.08) earnings per share. As a group, equities research analysts forecast that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chewy

Several institutional investors and hedge funds have recently bought and sold shares of CHWY. Fifth Third Bancorp raised its holdings in shares of Chewy by 83.0% during the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock valued at $33,000 after acquiring an additional 444 shares in the last quarter. Blue Trust Inc. increased its position in Chewy by 183.6% during the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after purchasing an additional 905 shares during the period. Planning Capital Management Corp bought a new position in Chewy in the 3rd quarter worth $52,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Chewy in the 3rd quarter worth about $62,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Chewy during the 3rd quarter valued at about $63,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Chewy from $24.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, November 22nd. BNP Paribas lowered Chewy from an “outperform” rating to a “neutral” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. raised their target price on shares of Chewy from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Robert W. Baird boosted their price target on shares of Chewy from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Finally, Argus upgraded shares of Chewy from a “hold” rating to a “buy” rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $36.80.

Chewy Company Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications.