Chewy, Inc. (NYSE:CHWY) CFO David Reeder Sells 307,558 Shares

Chewy, Inc. (NYSE:CHWY) CFO David Reeder sold 307,558 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $37.48, for a total transaction of $11,527,273.84. Following the transaction, the chief financial officer now directly owns 546,257 shares of the company’s stock, valued at $20,473,712.36. This represents a 36.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Chewy Stock Down 1.5 %

CHWY stock traded down $0.56 during mid-day trading on Tuesday, hitting $37.20. 2,721,653 shares of the company were exchanged, compared to its average volume of 4,936,230. The firm has a market capitalization of $15.15 billion, a P/E ratio of 40.87, a PEG ratio of 2.32 and a beta of 1.10. The business has a fifty day simple moving average of $35.52 and a 200-day simple moving average of $31.10. Chewy, Inc. has a 12-month low of $14.69 and a 12-month high of $40.09.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.05 by $0.15. The business had revenue of $2.89 billion during 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%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.08) earnings per share. Research analysts predict that Chewy, Inc. will post 0.24 EPS for the current year.

Institutional Trading of Chewy

Several institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp grew its stake in shares of Chewy by 83.0% during the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after purchasing an additional 444 shares during the period. Blue Trust Inc. grew its stake in shares of Chewy by 183.6% during the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock worth $38,000 after purchasing an additional 905 shares during the period. Planning Capital Management Corp acquired a new position in shares of Chewy during the 3rd quarter worth $52,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Chewy during the 3rd quarter worth $63,000. Finally, Allworth Financial LP grew its stake in shares of Chewy by 52.0% during the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock worth $71,000 after purchasing an additional 650 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CHWY. Needham & Company LLC restated a “hold” rating on shares of Chewy in a report on Thursday, December 5th. Wedbush restated an “outperform” rating and set a $39.00 price objective (up from $35.00) on shares of Chewy in a research report on Thursday, December 5th. UBS Group lifted their price target on shares of Chewy from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Citigroup upgraded shares of Chewy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $28.00 to $40.00 in a report on Friday, November 8th. Finally, Wolfe Research raised shares of Chewy from a “peer perform” rating to an “outperform” rating in a research note on Friday, January 3rd. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, Chewy has an average 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.