Chewy, Inc. (NYSE:CHWY - Get Free Report) CEO Sumit Singh sold 191,096 shares of Chewy stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $35.68, for a total transaction of $6,818,305.28. Following the completion of the transaction, the chief executive officer now owns 707,126 shares of the company's stock, valued at $25,230,255.68. This represents a 21.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Sumit Singh also recently made the following trade(s):
- 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 stock was sold at an average price of $32.50, for a total value of $2,312,732.50.
Chewy Stock Performance
Shares of CHWY stock traded down $1.22 during trading hours on Tuesday, reaching $35.85. The company had a trading volume of 9,933,273 shares, compared to its average volume of 8,286,863. The firm has a market cap of $14.60 billion, a PE ratio of 39.40, a price-to-earnings-growth ratio of 4.28 and a beta of 1.10. The business has a fifty day moving average price of $32.73 and a 200-day moving average price of $29.13. Chewy, Inc. has a one year low of $14.69 and a one year high of $39.10.
Chewy (NYSE:CHWY - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $2.86 billion. During the same quarter last year, the company posted ($0.08) EPS. The company's revenue was up 5.2% compared to the same quarter last year. Equities research analysts forecast that Chewy, Inc. will post 0.24 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on CHWY. JMP Securities reaffirmed a "market outperform" rating and set a $37.00 price objective on shares of Chewy in a report on Monday, December 16th. Royal Bank of Canada boosted their target price on Chewy from $39.00 to $42.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. Wedbush restated an "outperform" rating and issued a $39.00 price objective (up from $35.00) on shares of Chewy in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised their price objective on Chewy from $24.00 to $28.00 and gave the company a "hold" rating in a research report on Friday, November 22nd. Finally, Citigroup upgraded shares of Chewy from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $28.00 to $40.00 in a report on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Chewy currently has an average rating of "Moderate Buy" and an average target price of $35.70.
Read Our Latest Stock Report on CHWY
Institutional Trading of Chewy
Institutional investors and hedge funds have recently modified their holdings of the company. BC Partners Advisors L.P. purchased a new position in shares of Chewy in the second quarter worth $7,517,800,000. FMR LLC grew its stake in shares of Chewy by 166.8% during the third quarter. FMR LLC now owns 3,995,329 shares of the company's stock valued at $117,023,000 after buying an additional 2,497,689 shares during the last quarter. Marshall Wace LLP increased its stake in Chewy by 1,028.6% in the second quarter. Marshall Wace LLP now owns 2,892,841 shares of the company's stock worth $78,801,000 after purchasing an additional 2,636,526 shares during the period. ArrowMark Colorado Holdings LLC lifted its holdings in Chewy by 5.3% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,765,931 shares of the company's stock valued at $81,014,000 after buying an additional 138,768 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Chewy by 8.7% in the second quarter. Renaissance Technologies LLC now owns 2,521,755 shares of the company's stock valued at $68,693,000 after acquiring an additional 200,900 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.
About Chewy
(
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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