Chewy, Inc. (NYSE:CHWY - Get Free Report) CEO Sumit Singh sold 571,903 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $34.52, for a total transaction of $19,742,091.56. Following the completion of the sale, the chief executive officer now directly owns 898,222 shares of the company's stock, valued at approximately $31,006,623.44. This trade represents a 38.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Sumit Singh also recently made the following trade(s):
- 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 stock was sold at an average price of $32.50, for a total value of $2,312,732.50.
Chewy Price Performance
Shares of Chewy stock traded up $0.14 during trading hours on Monday, hitting $34.21. The company had a trading volume of 3,489,564 shares, compared to its average volume of 8,463,065. The company's 50-day moving average is $31.66 and its two-hundred day moving average is $28.62. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $39.10. The company has a market cap of $13.93 billion, a P/E ratio of 37.59, a price-to-earnings-growth ratio of 4.28 and a beta of 1.12.
Chewy (NYSE:CHWY - Get Free Report) last announced its earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.15. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period last year, the firm posted ($0.08) earnings per share. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. Sell-side analysts expect that Chewy, Inc. will post 0.24 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the stock. Barclays lifted their target price on shares of Chewy from $34.00 to $40.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Wedbush reiterated an "outperform" rating and set a $39.00 price target (up from $35.00) on shares of Chewy in a research note on Thursday, December 5th. TD Cowen initiated coverage on shares of Chewy in a research note on Wednesday, October 9th. They issued a "buy" rating and a $38.00 price objective for the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Chewy in a research note on Thursday, December 5th. Finally, Royal Bank of Canada lifted their target price on Chewy from $39.00 to $42.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $34.60.
Get Our Latest Analysis on CHWY
Institutional Investors Weigh In On Chewy
A number of institutional investors and hedge funds have recently made changes to their positions in CHWY. Principal Financial Group Inc. raised its stake in shares of Chewy by 0.7% during the third quarter. Principal Financial Group Inc. now owns 531,709 shares of the company's stock worth $15,574,000 after purchasing an additional 3,814 shares during the last quarter. Castellan Group acquired a new position in Chewy in the 3rd quarter valued at $5,282,000. Wilmington Savings Fund Society FSB purchased a new position in Chewy during the 3rd quarter worth $63,000. Virtu Financial LLC purchased a new position in Chewy during the 3rd quarter worth $795,000. Finally, Geode Capital Management LLC lifted its stake in shares of Chewy by 8.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,550,844 shares of the company's stock worth $45,443,000 after acquiring an additional 119,633 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.
Chewy Company Profile
(
Get Free Report)
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.
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