Chewy, Inc. (NYSE:CHWY - Get Free Report) was the target of unusually large options trading on Tuesday. Stock investors bought 33,249 call options on the company. This represents an increase of 39% compared to the typical daily volume of 23,866 call options.
Wall Street Analyst Weigh In
CHWY has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their target price on Chewy from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Needham & Company LLC reissued a "hold" rating on shares of Chewy in a research report on Thursday, December 5th. Wolfe Research raised Chewy from a "peer perform" rating to an "outperform" rating in a research report on Friday, January 3rd. Citigroup raised Chewy from a "neutral" rating to a "buy" rating and raised their target price for the stock from $28.00 to $40.00 in a research report on Friday, November 8th. Finally, Morgan Stanley raised their target price on Chewy from $38.00 to $40.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. 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.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $37.30.
View Our Latest Analysis on Chewy
Chewy Stock Down 4.9 %
NYSE:CHWY traded down $1.73 during trading hours on Friday, hitting $33.36. 8,009,988 shares of the company's stock traded hands, compared to its average volume of 4,916,833. The firm has a market cap of $13.58 billion, a P/E ratio of 36.66, a P/E/G ratio of 2.21 and a beta of 1.23. Chewy has a 52 week low of $14.69 and a 52 week high of $40.09. The business's fifty day simple moving average is $36.76 and its two-hundred day simple moving average is $32.62.
Chewy (NYSE:CHWY - Get Free Report) last posted its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.15. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same quarter last year, the company earned ($0.08) earnings per share. The firm's quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts expect that Chewy will post 0.24 EPS for the current year.
Insider Buying and Selling
In related news, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of Chewy stock in a transaction on Friday, December 13th. The stock was sold at an average price of $31.32, for a total transaction of $620,989,219.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sumit Singh sold 9,285 shares of Chewy stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $40.00, for a total value of $371,400.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,553,371 shares of company stock worth $933,605,214. 2.10% of the stock is owned by company insiders.
Institutional Investors Weigh In On Chewy
Hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Chewy by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company's stock valued at $661,000 after acquiring an additional 301 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Chewy by 22.9% in the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock valued at $58,000 after acquiring an additional 320 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company's stock valued at $33,000 after acquiring an additional 444 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Chewy by 8.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,650 shares of the company's stock valued at $189,000 after acquiring an additional 450 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of Chewy by 30.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,800 shares of the company's stock valued at $94,000 after acquiring an additional 650 shares during the last quarter. Institutional investors own 93.09% of the company's stock.
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.
See Also
Before you consider Chewy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chewy wasn't on the list.
While Chewy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
