Chewy, Inc. (NYSE:CHWY - Get Free Report) CEO Sumit Singh sold 57,432 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $37.90, for a total value of $2,176,672.80. Following the transaction, the chief executive officer now owns 877,704 shares of the company's stock, valued at $33,264,981.60. This trade represents a 6.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Sumit Singh also recently made the following trade(s):
- On Thursday, January 30th, Sumit Singh sold 9,285 shares of Chewy stock. The shares were sold at an average price of $40.00, for a total value of $371,400.00.
- On Wednesday, January 22nd, Sumit Singh sold 13,472 shares of Chewy stock. The shares were sold at an average price of $37.55, for a total value 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $32.50, for a total transaction of $2,312,732.50.
Chewy Stock Performance
NYSE CHWY traded down $0.56 during trading hours on Tuesday, reaching $37.20. The stock had a trading volume of 2,722,072 shares, compared to its average volume of 4,936,230. The stock has a fifty day moving average of $35.52 and a 200 day moving average of $31.10. The stock has a market cap of $15.15 billion, a P/E ratio of 40.87, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $40.09.
Chewy (NYSE:CHWY - Get Free Report) last issued its earnings results on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.15. The firm 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 revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. On average, equities research analysts forecast that Chewy, Inc. will post 0.24 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on CHWY shares. JPMorgan Chase & Co. boosted their price objective on shares of Chewy from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Needham & Company LLC reissued a "hold" rating on shares of Chewy in a research note on Thursday, December 5th. Mizuho raised shares of Chewy from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $24.00 to $42.00 in a research note on Monday, January 6th. Argus raised shares of Chewy from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, Evercore ISI raised shares of Chewy from an "in-line" rating to an "outperform" rating and boosted their price objective for the stock from $34.00 to $47.00 in a research note on Monday, January 13th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, Chewy presently has a consensus rating of "Moderate Buy" and an average target price of $36.80.
View Our Latest Analysis on Chewy
Institutional Investors Weigh In On Chewy
A number of large investors have recently bought and sold shares of CHWY. Fifth Third Bancorp boosted its position in Chewy by 83.0% in the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company's stock valued at $33,000 after buying an additional 444 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Chewy by 183.6% in the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company's stock worth $38,000 after acquiring an additional 905 shares during the last quarter. Planning Capital Management Corp acquired a new stake in shares of Chewy in the 3rd quarter worth $52,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Chewy during the 3rd quarter worth about $62,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Chewy during the 3rd quarter worth about $63,000. Hedge funds and other institutional investors own 93.09% of the company's stock.
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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