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 stock in a transaction dated Wednesday, January 22nd. The shares were 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. The trade was a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were 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 stock was sold at an average price of $37.70, for a total transaction 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 transaction of $2,377,094.94.
• On Friday, January 3rd, Sumit Singh sold 191,096 shares of Chewy stock. The stock was 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 transaction of $2,490,635.00.
• On Thursday, December 19th, Sumit Singh sold 71,161 shares of Chewy stock. The stock was sold at an average price of $32.50, for a total transaction of $2,312,732.50.

Chewy Stock Up 3.3 %

NYSE:CHWY opened at $39.25 on Friday. The company has a fifty day moving average of $34.48 and a 200-day moving average of $30.05. The firm has a market capitalization of $15.98 billion, a P/E ratio of 43.13, a P/E/G ratio of 4.16 and a beta of 1.10. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $39.60.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CHWY shares. Wolfe Research upgraded shares of Chewy from a “peer perform” rating to an “outperform” rating in a research note on Friday, January 3rd. Robert W. Baird raised their price target on shares of Chewy from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. JMP Securities restated a “market outperform” rating and issued a $37.00 price target on shares of Chewy in a research note on Monday, December 16th. Mizuho upgraded shares of Chewy from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $24.00 to $42.00 in a research report on Monday, January 6th. Finally, BNP Paribas downgraded shares of Chewy from an “outperform” rating to a “neutral” rating in a research report on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.80.

Institutional Trading of Chewy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CENTRAL TRUST Co increased its stake in Chewy by 45.4% during the 4th quarter. CENTRAL TRUST Co now owns 3,913 shares of the company’s stock valued at $131,000 after purchasing an additional 1,222 shares in the last quarter. Oak Harvest Investment Services purchased a new position in Chewy during the 4th quarter worth $2,245,000. Legacy Trust boosted its holdings in Chewy by 9.9% during the 4th quarter. Legacy Trust now owns 128,023 shares of the company’s stock worth $4,287,000 after acquiring an additional 11,495 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Chewy by 14.4% during the 4th quarter. Hantz Financial Services Inc. now owns 14,515 shares of the company’s stock worth $486,000 after acquiring an additional 1,824 shares during the last quarter. Finally, Pacer Advisors Inc. purchased a new position in Chewy during the 4th quarter worth $716,000. 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.