Chewy, Inc. (NYSE:CHWY) CEO Sells $150,080.00 in Stock

Chewy, Inc. (NYSE:CHWY) CEO Sumit Singh sold 4,000 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $37.52, for a total transaction of $150,080.00. Following the transaction, the chief executive officer now owns 518,581 shares of the company’s stock, valued at $19,457,159.12. The trade was a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, January 15th, Sumit Singh sold 114,130 shares of Chewy stock. The shares were 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 value 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

CHWY opened at $37.15 on Wednesday. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $39.10. The firm has a market cap of $15.13 billion, a P/E ratio of 40.82, a price-to-earnings-growth ratio of 4.14 and a beta of 1.10. The business’s fifty day moving average is $34.04 and its 200-day moving average is $29.75.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CHWY. Barclays upped their target price on shares of Chewy from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Evercore ISI raised Chewy from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $34.00 to $47.00 in a research report on Monday, January 13th. TD Cowen began coverage on Chewy in a report on Wednesday, October 9th. They set a “buy” rating and a $38.00 target price on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $37.00 price target on shares of Chewy in a report on Monday, December 16th. Finally, BNP Paribas downgraded shares of Chewy from an “outperform” rating to a “neutral” rating in a report on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.80.

Institutional Investors Weigh In On Chewy

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHWY. Fifth Third Bancorp increased its stake in shares of Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock valued at $33,000 after purchasing an additional 444 shares during 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 worth $38,000 after purchasing an additional 905 shares in the last quarter. Planning Capital Management Corp bought a new position in Chewy in the 3rd quarter valued at approximately $52,000. Future Financial Wealth Managment LLC acquired a new stake in Chewy in the third quarter valued at approximately $62,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Chewy during the third quarter worth $63,000. 93.09% of the stock is currently owned by institutional investors.

About Chewy

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.