Chewy, Inc. (NYSE:CHWY) CEO Sells $2,176,672.80 in Stock

Chewy, Inc. (NYSE:CHWY) CEO Sumit Singh sold 57,432 shares of Chewy stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $37.90, for a total transaction of $2,176,672.80. Following the transaction, the chief executive officer now owns 877,704 shares of the company’s stock, valued at approximately $33,264,981.60. The trade was a 6.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, January 30th, Sumit Singh sold 9,285 shares of Chewy stock. The stock was sold at an average price of $40.00, for a total transaction of $371,400.00.
• 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 value 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 value of $150,080.00.
• On Wednesday, January 15th, Sumit Singh sold 114,130 shares of Chewy stock. The shares were 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 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 transaction 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 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 Stock Down 3.9 %

CHWY opened at $37.17 on Monday. The firm’s 50 day moving average is $35.43 and its 200-day moving average is $30.96. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $40.09. The firm has a market capitalization of $15.13 billion, a P/E ratio of 40.84, a P/E/G ratio of 2.32 and a beta of 1.10.

Chewy (NYSE:CHWY) last released its quarterly earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.15. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.86 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.08) EPS. Equities analysts expect that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CHWY shares. Wedbush reaffirmed an “outperform” rating and issued a $39.00 price objective (up previously from $35.00) on shares of Chewy in a research report on Thursday, December 5th. Robert W. Baird lifted their price target on Chewy from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, November 25th. Barclays raised their target price on shares of Chewy from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. The Goldman Sachs Group upped their price target on shares of Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, UBS Group lifted their price target on shares of Chewy from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, Chewy currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp raised its position in shares of Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock valued at $33,000 after purchasing an additional 444 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Chewy by 183.6% in the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock worth $38,000 after buying an additional 905 shares during the last quarter. Planning Capital Management Corp acquired a new stake in Chewy in the third quarter valued at $52,000. Future Financial Wealth Managment LLC bought a new position in Chewy during the 3rd quarter valued at $62,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Chewy during the 3rd quarter valued at $63,000. Hedge funds and other institutional investors 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.