Chewy, Inc. (NYSE:CHWY) CEO Sells $150,080.00 in Stock

by · The Markets Daily

Chewy, Inc. (NYSE:CHWY – Get Free Report) CEO Sumit Singh sold 4,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $37.52, for a total value of $150,080.00. Following the transaction, the chief executive officer now directly owns 518,581 shares in the company, valued at $19,457,159.12. This represents a 0.77 % decrease in their ownership of the stock. The sale 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 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 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 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 Stock Up 0.4 %

NYSE:CHWY traded up $0.14 on Tuesday, reaching $37.15. The company’s stock had a trading volume of 5,105,025 shares, compared to its average volume of 6,176,005. Chewy, Inc. has a 12-month low of $14.69 and a 12-month high of $39.10. The stock has a 50 day moving average price of $34.04 and a 200 day moving average price of $29.75. The firm has a market cap of $15.13 billion, a price-to-earnings ratio of 40.82, a price-to-earnings-growth ratio of 4.14 and a beta of 1.10.

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

Hedge Funds Weigh In On Chewy

Several large investors have recently made changes to their positions in the stock. Fifth Third Bancorp raised its position in Chewy by 83.0% in the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock valued at $33,000 after purchasing an additional 444 shares during the period. Blue Trust Inc. grew 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 valued at $38,000 after buying an additional 905 shares in the last quarter. Planning Capital Management Corp acquired a new stake in shares of Chewy in the third quarter valued at $52,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Chewy in the 3rd quarter valued at $62,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Chewy during the 3rd quarter worth about $63,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wedbush reissued an “outperform” rating and set a $39.00 target price (up previously from $35.00) on shares of Chewy in a report on Thursday, December 5th. Citigroup upgraded Chewy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $28.00 to $40.00 in a research note on Friday, November 8th. UBS Group upped their target price on Chewy from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada raised their target price on Chewy from $39.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Wolfe Research raised Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Chewy has an average rating of “Moderate Buy” and a consensus target price of $36.80.

View Our Latest Report on Chewy

About Chewy

(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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