Sumit Singh Sells 114,130 Shares of Chewy, Inc. (NYSE:CHWY) Stock

by · The Markets Daily

Chewy, Inc. (NYSE:CHWY – Get Free Report) CEO Sumit Singh sold 114,130 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $37.70, for a total value of $4,302,701.00. Following the completion of the transaction, the chief executive officer now owns 529,809 shares in the company, valued at approximately $19,973,799.30. This represents a 17.72 % decrease in their position. The transaction was disclosed in a legal 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 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 Price Performance

NYSE:CHWY traded down $0.29 on Friday, hitting $36.99. 3,380,283 shares of the company’s stock were exchanged, compared to its average volume of 6,253,734. The firm has a 50-day moving average price of $33.85 and a 200-day moving average price of $29.51. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $39.10. The company has a market cap of $15.06 billion, a P/E ratio of 40.64, a price-to-earnings-growth ratio of 4.06 and a beta of 1.10.

Chewy (NYSE:CHWY – Get Free Report) last released its 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. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the prior year, the company posted ($0.08) earnings per share. Chewy’s revenue was up 5.2% on a year-over-year basis. On average, research analysts expect that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on CHWY shares. Mizuho upgraded Chewy from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $24.00 to $42.00 in a report on Monday, January 6th. Morgan Stanley increased their price target on shares of Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday. Barclays boosted their price objective on shares of Chewy from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft lifted their target price on Chewy from $24.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, November 22nd. Finally, BNP Paribas downgraded Chewy from an “outperform” rating to a “neutral” rating in a report on Thursday, December 5th. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.80.

View Our Latest Report on Chewy

Institutional Investors Weigh In On Chewy

Large investors have recently made changes to their positions in the stock. BC Partners Advisors L.P. acquired a new position in Chewy during the second quarter worth $7,517,800,000. FMR LLC increased 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 purchasing an additional 2,497,689 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Chewy by 1,028.6% in the 2nd quarter. Marshall Wace LLP now owns 2,892,841 shares of the company’s stock valued at $78,801,000 after purchasing an additional 2,636,526 shares during the period. ArrowMark Colorado Holdings LLC lifted its stake in Chewy by 5.3% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,765,931 shares of the company’s stock valued at $81,014,000 after purchasing an additional 138,768 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in Chewy by 97.9% during the third quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock worth $60,485,000 after purchasing an additional 975,647 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Company Profile

(Get Free Report)

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.

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