Sumit Singh Sells 9,285 Shares of Chewy, Inc. (NYSE:CHWY) Stock

Chewy, Inc. (NYSE:CHWY) CEO Sumit Singh sold 9,285 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $40.00, for a total transaction of $371,400.00. Following the sale, the chief executive officer now directly owns 489,750 shares in the company, valued at $19,590,000. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, January 22nd, Sumit Singh sold 13,472 shares of Chewy stock. The shares were sold at an average price of $37.55, for a total transaction of $505,873.60.
• 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 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 shares were 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 value of $2,312,732.50.

Chewy Trading Down 2.1 %

CHWY stock opened at $38.95 on Friday. The firm has a 50-day moving average of $34.99 and a two-hundred day moving average of $30.50. Chewy, Inc. has a one year low of $14.69 and a one year high of $40.09. The firm has a market capitalization of $15.86 billion, a PE ratio of 42.80, a P/E/G ratio of 4.36 and a beta of 1.10.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.15. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted ($0.08) EPS. On average, equities research analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wedbush restated an “outperform” rating and issued a $39.00 target price (up from $35.00) on shares of Chewy in a research report on Thursday, December 5th. JPMorgan Chase & Co. raised 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. UBS Group upped their price objective on shares of Chewy from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Mizuho raised shares of Chewy from a “neutral” rating to an “outperform” rating and raised their target price for the company from $24.00 to $42.00 in a research note on Monday, January 6th. Finally, Piper Sandler upped their price target on shares of Chewy from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Chewy currently has an average rating of “Moderate Buy” and an average price target of $36.80.

Institutional Trading of Chewy

Institutional investors have recently bought and sold shares of the company. FMR LLC raised its holdings in shares of Chewy by 166.8% during the 3rd quarter. FMR LLC now owns 3,995,329 shares of the company’s stock valued at $117,023,000 after purchasing an additional 2,497,689 shares in the last quarter. Clearbridge Investments LLC bought a new stake in Chewy during the 2nd quarter valued at approximately $40,798,000. Eagle Asset Management Inc. boosted its position in shares of Chewy by 97.9% in the third quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock valued at $60,485,000 after acquiring an additional 975,647 shares during the period. AMI Asset Management Corp acquired a new stake in shares of Chewy in the third quarter worth $17,756,000. Finally, Quadrature Capital Ltd bought a new position in Chewy during the third quarter worth $13,699,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

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.