Insider Selling: Chewy, Inc. (NYSE:CHWY) CFO Sells 307,558 Shares of Stock

Chewy, Inc. (NYSE:CHWY) CFO David Reeder sold 307,558 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $37.48, for a total transaction of $11,527,273.84. Following the transaction, the chief financial officer now directly owns 546,257 shares of the company’s stock, valued at approximately $20,473,712.36. This trade represents a 36.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Chewy Price Performance

NYSE:CHWY opened at $37.56 on Thursday. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $40.09. The firm has a market capitalization of $15.29 billion, a PE ratio of 41.27, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. The business’s fifty day moving average price is $35.59 and its 200 day moving average price is $31.18.

Chewy (NYSE:CHWY) last released its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.15. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.86 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.08) EPS. As a group, equities analysts anticipate that Chewy, Inc. will post 0.24 EPS for the current year.

Analyst Upgrades and Downgrades

CHWY has been the subject of a number of research analyst reports. Citigroup raised shares of Chewy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $28.00 to $40.00 in a research report on Friday, November 8th. Mizuho upgraded Chewy from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $24.00 to $42.00 in a research report on Monday, January 6th. UBS Group boosted their price objective on Chewy from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Argus upgraded Chewy from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Bank of America raised Chewy from an “underperform” rating to a “buy” rating and lifted their target price for the company from $24.00 to $40.00 in a research report on Wednesday, November 20th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.80.

Institutional Trading of Chewy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHWY. Vanguard Group Inc. increased its position in shares of Chewy by 31.8% during the fourth quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company’s stock worth $485,093,000 after purchasing an additional 3,493,926 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Chewy by 9.8% during the 4th quarter. Bank of New York Mellon Corp now owns 4,489,237 shares of the company’s stock worth $150,345,000 after buying an additional 399,330 shares during the last quarter. FMR LLC increased its position in Chewy by 166.8% during the third quarter. FMR LLC now owns 3,995,329 shares of the company’s stock worth $117,023,000 after buying an additional 2,497,689 shares during the period. Clearbridge Investments LLC lifted its stake in Chewy by 47.4% in the fourth quarter. Clearbridge Investments LLC now owns 3,866,680 shares of the company’s stock valued at $129,495,000 after buying an additional 1,243,981 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC boosted its holdings in shares of Chewy by 5.3% in the third quarter. ArrowMark Colorado Holdings LLC now owns 2,765,931 shares of the company’s stock valued at $81,014,000 after acquiring an additional 138,768 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

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.