Chewy, Inc. (NYSE:CHWY) CEO Sells $6,818,305.28 in Stock

Chewy, Inc. (NYSE:CHWY) CEO Sumit Singh sold 191,096 shares of Chewy stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $35.68, for a total value of $6,818,305.28. Following the completion of the sale, the chief executive officer now owns 707,126 shares of the company’s stock, valued at $25,230,255.68. The trade was a 21.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 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 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 value of $2,312,732.50.

Chewy Price Performance

Shares of Chewy stock opened at $36.19 on Friday. The stock has a market cap of $14.74 billion, a PE ratio of 39.77, a price-to-earnings-growth ratio of 4.28 and a beta of 1.10. The firm has a fifty day moving average price of $33.10 and a 200 day moving average price of $29.23. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $39.10.

Chewy (NYSE:CHWY) last released 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. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.86 billion. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.08) EPS. As a group, equities analysts expect that Chewy, Inc. will post 0.24 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Robert W. Baird upped their price objective on Chewy from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Wedbush restated an “outperform” rating and issued a $39.00 price target (up from $35.00) on shares of Chewy in a report on Thursday, December 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $37.00 price objective on shares of Chewy in a research report on Monday, December 16th. JPMorgan Chase & Co. increased their target price on shares of Chewy from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, BNP Paribas lowered shares of Chewy from an “outperform” rating to a “neutral” rating in a report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.70.

Institutional Investors Weigh In On Chewy

A number of hedge funds and other institutional investors have recently made changes to their positions in CHWY. BC Partners Advisors L.P. acquired a new position in shares of Chewy in the 2nd quarter valued at $7,517,800,000. Marshall Wace LLP raised its position in shares of Chewy by 1,028.6% in the second quarter. Marshall Wace LLP now owns 2,892,841 shares of the company’s stock worth $78,801,000 after acquiring an additional 2,636,526 shares during the period. FMR LLC boosted its stake in shares of Chewy by 166.8% during the 3rd quarter. FMR LLC now owns 3,995,329 shares of the company’s stock worth $117,023,000 after acquiring an additional 2,497,689 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in shares of Chewy during the 2nd quarter valued at about $40,798,000. Finally, Eagle Asset Management Inc. increased its stake in shares of Chewy by 97.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock valued at $60,485,000 after purchasing an additional 975,647 shares in the last quarter. 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.