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

Chewy, Inc. (NYSE:CHWY) CEO Sumit Singh sold 13,472 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $37.55, for a total value of $505,873.60. Following the completion of the transaction, the chief executive officer now owns 505,109 shares of the company’s stock, valued at approximately $18,966,842.95. This trade represents a 2.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 stock was 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 transaction of $4,302,701.00.
• On Monday, January 6th, Sumit Singh sold 63,187 shares of Chewy stock. The shares were sold at an average price of $37.62, for a total transaction of $2,377,094.94.
• On Friday, January 3rd, Sumit Singh sold 191,096 shares of Chewy stock. The stock was 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 shares were 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 value 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 value of $2,312,732.50.

Chewy Stock Performance

Shares of Chewy stock opened at $39.25 on Monday. The stock has a market cap of $15.98 billion, a P/E ratio of 43.13, a P/E/G ratio of 4.16 and a beta of 1.10. The stock’s fifty day moving average is $34.48 and its 200 day moving average is $30.08. Chewy, Inc. has a one year low of $14.69 and a one year high of $39.60.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 earnings per share 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 return on equity of 24.47% and a net margin of 3.51%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) EPS. Analysts predict that Chewy, Inc. will post 0.24 EPS for the current year.

Hedge Funds Weigh In On Chewy

A number of hedge funds have recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in Chewy by 46.0% in the 2nd quarter. American Century Companies Inc. now owns 29,111 shares of the company’s stock worth $793,000 after buying an additional 9,166 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Chewy by 243.6% in the second quarter. Envestnet Asset Management Inc. now owns 165,662 shares of the company’s stock worth $4,513,000 after acquiring an additional 117,454 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Chewy by 10.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company’s stock worth $308,000 after acquiring an additional 1,029 shares during the period. Ensign Peak Advisors Inc grew its position in shares of Chewy by 29.3% during the second quarter. Ensign Peak Advisors Inc now owns 57,193 shares of the company’s stock worth $1,558,000 after purchasing an additional 12,950 shares in the last quarter. Finally, Gabelli Funds LLC bought a new stake in Chewy during the 2nd quarter valued at approximately $232,000. 93.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on CHWY shares. Morgan Stanley increased their price objective on shares of Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Chewy from $24.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, November 22nd. JMP Securities reiterated a “market outperform” rating and set a $37.00 target price on shares of Chewy in a research note on Monday, December 16th. The Goldman Sachs Group lifted their target price on Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. upped their price target on Chewy from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.