Chewy, Inc. (NYSE:CHWY) CEO Sumit Singh Sells 4,000 Shares

Chewy, Inc. (NYSE:CHWY) CEO Sumit Singh sold 4,000 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $37.52, for a total transaction of $150,080.00. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which is accessible 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 stock was sold at an average price of $37.62, for a total value of $2,377,094.94.
• On Friday, January 3rd, Sumit Singh sold 191,096 shares of Chewy stock. The shares were sold at an average price of $35.68, for a total value 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 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 Up 0.1 %

Shares of CHWY opened at $37.20 on Thursday. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $39.10. The company has a 50-day simple moving average of $34.13 and a 200-day simple moving average of $29.84. The company has a market capitalization of $15.15 billion, a PE ratio of 40.88, a P/E/G ratio of 4.14 and a beta of 1.10.

Chewy (NYSE:CHWY) last announced its quarterly earnings results 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 analysts’ expectations of $2.86 billion. During the same quarter last year, the business posted ($0.08) earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, research analysts anticipate that Chewy, Inc. will post 0.24 EPS for the current year.

Institutional Investors Weigh In On Chewy

A number of institutional investors and hedge funds have recently bought and sold shares of CHWY. Wealth Enhancement Advisory Services LLC increased its position in Chewy by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company’s stock worth $661,000 after purchasing an additional 301 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Chewy by 22.9% during the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock worth $58,000 after buying an additional 320 shares in the last quarter. Fifth Third Bancorp raised its holdings in 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 acquiring an additional 444 shares during the last quarter. Washington Trust Advisors Inc. boosted its holdings in shares of Chewy by 0.3% during the third quarter. Washington Trust Advisors Inc. now owns 278,452 shares of the company’s stock worth $8,156,000 after purchasing an additional 923 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Chewy by 10.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company’s stock valued at $308,000 after purchasing an additional 1,029 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CHWY shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a report on Thursday, December 5th. Evercore ISI upgraded shares of Chewy from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $34.00 to $47.00 in a research note on Monday, January 13th. JPMorgan Chase & Co. lifted their price target on Chewy from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Piper Sandler raised their target price on shares of Chewy from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $37.00 price target on shares of Chewy in a research report on Monday, December 16th. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Chewy presently has a consensus rating of “Moderate Buy” and an average target price 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.