Satish Mehta Sells 6,056 Shares of Chewy (NYSE:CHWY) Stock

Chewy (NYSE:CHWY) CTO Satish Mehta sold 6,056 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $33.73, for a total transaction of $204,268.88. Following the completion of the transaction, the chief technology officer directly owned 238,574 shares of the company’s stock, valued at $8,047,101.02. This trade represents a 2.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Satish Mehta also recently made the following trade(s):

• On Wednesday, December 3rd, Satish Mehta sold 8,872 shares of Chewy stock. The shares were sold at an average price of $33.53, for a total value of $297,478.16.
• On Tuesday, November 4th, Satish Mehta sold 4,642 shares of Chewy stock. The shares were sold at an average price of $32.65, for a total value of $151,561.30.
• On Monday, November 3rd, Satish Mehta sold 3,288 shares of Chewy stock. The stock was sold at an average price of $32.72, for a total value of $107,583.36.

Chewy Stock Down 1.9%

Shares of NYSE CHWY traded down $0.66 during mid-day trading on Thursday, reaching $33.29. 5,992,176 shares of the company were exchanged, compared to its average volume of 6,658,625. Chewy has a 1 year low of $29.83 and a 1 year high of $48.62. The firm has a 50-day moving average of $35.67 and a 200 day moving average of $38.72. The stock has a market cap of $13.81 billion, a price-to-earnings ratio of 95.11, a P/E/G ratio of 8.18 and a beta of 1.58.

Chewy (NYSE:CHWY) last posted its earnings results on Wednesday, September 10th. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. Chewy had a return on equity of 50.45% and a net margin of 1.22%.The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share. Chewy has set its Q3 2025 guidance at 0.280-0.330 EPS. On average, equities analysts forecast that Chewy will post 0.24 earnings per share for the current year.

Institutional Trading of Chewy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quent Capital LLC purchased a new stake in Chewy during the 3rd quarter valued at about $27,000. Osterweis Capital Management Inc. purchased a new position in shares of Chewy in the second quarter worth about $30,000. Princeton Global Asset Management LLC purchased a new position in shares of Chewy in the third quarter worth about $40,000. Strategic Advocates LLC acquired a new stake in shares of Chewy during the third quarter worth about $43,000. Finally, EverSource Wealth Advisors LLC boosted its position in Chewy by 412.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,091 shares of the company’s stock valued at $46,000 after buying an additional 878 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

CHWY has been the subject of a number of analyst reports. Robert W. Baird decreased their target price on shares of Chewy from $52.00 to $48.00 and set an “outperform” rating for the company in a research report on Thursday, September 11th. Wall Street Zen downgraded Chewy from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Royal Bank Of Canada decreased their price objective on Chewy from $44.00 to $43.00 and set an “outperform” rating for the company in a report on Thursday, September 11th. JMP Securities restated a “market outperform” rating and set a $48.00 target price on shares of Chewy in a research note on Thursday, September 11th. Finally, Barclays reduced their target price on Chewy from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $46.17.

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.