Sumit Singh Sells 13,472 Shares of Chewy, Inc. (NYSE:CHWY) Stock

Chewy, Inc. (NYSE:CHWY) CEO Sumit Singh sold 13,472 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $37.55, for a total transaction of $505,873.60. Following the completion of the transaction, the chief executive officer now directly owns 505,109 shares in the company, valued at $18,966,842.95. This represents a 2.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction 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 shares were 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 stock was sold at an average price of $35.00, for a total value 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

CHWY stock traded up $1.25 during midday trading on Friday, hitting $39.25. The company’s stock had a trading volume of 5,990,512 shares, compared to its average volume of 5,781,005. The company’s fifty day moving average price is $34.33 and its 200 day moving average price is $29.95. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $39.60. The stock has a market capitalization of $15.98 billion, a P/E ratio of 43.13, a PEG ratio of 4.16 and a beta of 1.10.

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

Analyst Ratings Changes

CHWY has been the topic of a number of research analyst reports. Morgan Stanley lifted their target price on Chewy from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Wolfe Research raised shares of Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. The Goldman Sachs Group increased their target price on Chewy from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Barclays increased their price target on Chewy from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Mizuho raised shares of Chewy from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $24.00 to $42.00 in a research note on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, Chewy currently has a consensus rating of “Moderate Buy” and an average price target of $36.80.

Institutional Trading of Chewy

Several institutional investors and hedge funds have recently bought and sold shares of CHWY. Susquehanna Fundamental Investments LLC acquired a new position in shares of Chewy during the 2nd quarter worth approximately $11,916,000. Eagle Asset Management Inc. increased its holdings in shares of Chewy by 97.9% in the third quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock valued at $60,485,000 after purchasing an additional 975,647 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Chewy during the 2nd quarter worth about $673,000. Centiva Capital LP bought a new stake in shares of Chewy during the third quarter worth approximately $2,949,000. Finally, Geode Capital Management LLC grew its position in shares of Chewy by 8.4% in the third quarter. Geode Capital Management LLC now owns 1,550,844 shares of the company’s stock valued at $45,443,000 after purchasing an additional 119,633 shares during the last quarter. 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.