Insider Selling: Chewy, Inc. (NYSE:CHWY) CEO Sells 9,285 Shares of Stock

Chewy, Inc. (NYSE:CHWY) CEO Sumit Singh sold 9,285 shares of Chewy stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $40.00, for a total value of $371,400.00. Following the transaction, the chief executive officer now owns 489,750 shares in the company, valued at $19,590,000. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, January 22nd, Sumit Singh sold 13,472 shares of Chewy stock. The stock was sold at an average price of $37.55, for a total transaction of $505,873.60.
• 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 value 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 value 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 Stock Performance

NYSE CHWY opened at $38.95 on Friday. The firm’s fifty day moving average price is $34.91 and its two-hundred day moving average price is $30.42. The stock has a market cap of $15.86 billion, a PE ratio of 42.80, a PEG ratio of 4.36 and a beta of 1.10. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $40.09.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 earnings per share 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 return on equity of 24.47% and a net margin of 3.51%. Chewy’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.08) EPS. As a group, sell-side analysts predict that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Pembroke Management LTD bought a new stake in Chewy during the 4th quarter worth approximately $11,847,000. D.A. Davidson & CO. lifted its holdings in shares of Chewy by 20.2% during 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 during the period. Sanctuary Advisors LLC grew its stake in shares of Chewy by 29.1% in 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. raised its position in Chewy by 82.6% during the 4th quarter. Principal Financial Group Inc. now owns 970,964 shares of the company’s stock worth $32,518,000 after purchasing an additional 439,255 shares during the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new position in Chewy during the 4th quarter worth about $664,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Bank of America raised Chewy from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $24.00 to $40.00 in a report on Wednesday, November 20th. BNP Paribas downgraded shares of Chewy from an “outperform” rating to a “neutral” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Chewy from $24.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, November 22nd. JMP Securities reiterated a “market outperform” rating and issued a $37.00 price target on shares of Chewy in a research note on Monday, December 16th. Finally, Wolfe Research upgraded 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’s stock. Based on data from MarketBeat, the stock presently 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.