Insider Selling: Chewy, Inc. (NYSE:CHWY) CTO Sells 83,639 Shares of Stock

Chewy, Inc. (NYSE:CHWY) CTO Satish Mehta sold 83,639 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $40.00, for a total transaction of $3,345,560.00. Following the completion of the sale, the chief technology officer now owns 334,218 shares of the company’s stock, valued at $13,368,720. The trade was a 20.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, January 13th, Satish Mehta sold 168,105 shares of Chewy stock. The shares were sold at an average price of $36.32, for a total transaction of $6,105,573.60.
• 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 transaction of $269,634.32.

Chewy Stock Performance

NYSE CHWY opened at $38.95 on Friday. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $40.09. The business has a 50 day simple moving average of $34.91 and a 200 day simple moving average of $30.42. The stock has a market cap of $15.86 billion, a price-to-earnings ratio of 42.80, a PEG ratio of 4.36 and a beta of 1.10.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.15. The business 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%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the business posted ($0.08) earnings per share. On average, analysts predict that Chewy, Inc. will post 0.24 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Pembroke Management LTD bought a new stake in Chewy in the 4th quarter valued at approximately $11,847,000. D.A. Davidson & CO. lifted its position in shares of Chewy by 20.2% in the fourth quarter. D.A. Davidson & CO. now owns 31,519 shares of the company’s stock worth $1,056,000 after purchasing an additional 5,300 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Chewy by 29.1% during the fourth quarter. Sanctuary Advisors LLC now owns 24,801 shares of the company’s stock worth $831,000 after purchasing an additional 5,592 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Chewy by 82.6% in the 4th quarter. Principal Financial Group Inc. now owns 970,964 shares of the company’s stock valued at $32,518,000 after acquiring an additional 439,255 shares in the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of Chewy in the fourth quarter valued at about $664,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CHWY has been the subject of several research reports. BNP Paribas cut Chewy from an “outperform” rating to a “neutral” rating in a research note on Thursday, December 5th. Royal Bank of Canada lifted their price objective on Chewy from $39.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. JMP Securities restated a “market outperform” rating and set a $37.00 target price on shares of Chewy in a research report on Monday, December 16th. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Chewy from $24.00 to $28.00 and gave the stock a “hold” rating in a research note on Friday, November 22nd. 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 has an average rating of “Moderate Buy” and a consensus 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.