Insider Selling: Chewy Inc (NYSE:CHWY) General Counsel Sells $1,245,934.48 in Stock

Chewy Inc (NYSE:CHWY) General Counsel Susan Helfrick sold 27,062 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $46.04, for a total value of $1,245,934.48. Following the completion of the transaction, the general counsel now owns 55,453 shares in the company, valued at approximately $2,553,056.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Susan Helfrick also recently made the following trade(s):

  • On Friday, July 10th, Susan Helfrick sold 17,062 shares of Chewy stock. The stock was sold at an average price of $49.09, for a total value of $837,573.58.
  • On Friday, June 26th, Susan Helfrick sold 17,062 shares of Chewy stock. The stock was sold at an average price of $49.38, for a total value of $842,521.56.
  • On Wednesday, June 17th, Susan Helfrick sold 36,997 shares of Chewy stock. The stock was sold at an average price of $47.66, for a total value of $1,763,277.02.
  • On Monday, June 15th, Susan Helfrick sold 27,295 shares of Chewy stock. The stock was sold at an average price of $47.81, for a total value of $1,304,973.95.

The firm’s 50 day simple moving average is $47.98 and its 200 day simple moving average is $38.32. Chewy Inc has a 52-week low of $20.62 and a 52-week high of $52.77. The stock has a market capitalization of $18.61 billion and a P/E ratio of -68.12.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Tuesday, June 9th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the business posted ($0.08) earnings per share. The company’s revenue for the quarter was up 46.1% compared to the same quarter last year. Equities analysts forecast that Chewy Inc will post -0.45 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in Chewy by 7.1% during the first quarter. Royal Bank of Canada now owns 116,220 shares of the company’s stock valued at $4,357,000 after purchasing an additional 7,676 shares during the period. Toronto Dominion Bank bought a new position in Chewy during the first quarter valued at $92,000. State Street Corp grew its holdings in Chewy by 14.0% during the first quarter. State Street Corp now owns 200,946 shares of the company’s stock valued at $7,533,000 after purchasing an additional 24,750 shares during the period. Schroder Investment Management Group grew its holdings in Chewy by 274.7% during the first quarter. Schroder Investment Management Group now owns 11,929 shares of the company’s stock valued at $396,000 after purchasing an additional 8,745 shares during the period. Finally, Wedbush Securities Inc. bought a new position in Chewy during the second quarter valued at $968,000. 99.42% of the stock is owned by institutional investors and hedge funds.

CHWY has been the subject of several analyst reports. Credit Suisse Group increased their price objective on Chewy from $46.00 to $53.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Barclays increased their price objective on Chewy from $34.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Friday, June 5th. Nomura Instinet increased their price objective on Chewy from $40.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Nomura Securities increased their price objective on Chewy from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, April 3rd. Finally, Royal Bank of Canada increased their price objective on Chewy from $40.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Chewy has a consensus rating of “Buy” and a consensus price target of $53.93.

About Chewy

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

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Insider Buying and Selling by Quarter for Chewy (NYSE:CHWY)

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