Chewy, Inc. (NYSE:CHWY) CTO Satish Mehta Sells 168,105 Shares

Chewy, Inc. (NYSE:CHWY) CTO Satish Mehta sold 168,105 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $36.32, for a total value of $6,105,573.60. Following the completion of the sale, the chief technology officer now owns 417,857 shares of the company’s stock, valued at $15,176,566.24. The trade was a 28.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Satish Mehta also recently made the following trade(s):

• On Monday, December 2nd, Satish Mehta sold 8,056 shares of Chewy stock. The stock was sold at an average price of $33.47, for a total value of $269,634.32.

Chewy Price Performance

Chewy stock opened at $36.99 on Friday. The firm has a market capitalization 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, Inc. has a 1-year low of $14.69 and a 1-year high of $39.10. The company’s 50-day moving average is $33.85 and its 200 day moving average is $29.51.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.15. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.86 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. Chewy’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company earned ($0.08) EPS. Research analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. boosted its position in Chewy by 183.6% in the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after buying an additional 905 shares during the period. Planning Capital Management Corp bought a new position in Chewy in the third quarter worth approximately $52,000. Future Financial Wealth Managment LLC purchased a new position in Chewy during the 3rd quarter worth $62,000. Wilmington Savings Fund Society FSB bought a new stake in Chewy during the 3rd quarter valued at $63,000. Finally, Castleview Partners LLC purchased a new stake in shares of Chewy in the 3rd quarter worth $76,000. 93.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wedbush reissued an “outperform” rating and issued a $39.00 target price (up previously from $35.00) on shares of Chewy in a report on Thursday, December 5th. UBS Group boosted their price target on shares of Chewy from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Wolfe Research raised shares of Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. 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, JPMorgan Chase & Co. increased their price target on Chewy from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.80.

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.