Sumit Singh Sells 4,000 Shares of Chewy, Inc. (NYSE:CHWY) Stock

Chewy, Inc. (NYSE:CHWY) CEO Sumit Singh sold 4,000 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $37.52, for a total transaction of $150,080.00. Following the completion of the sale, the chief executive officer now directly owns 518,581 shares of the company’s stock, valued at approximately $19,457,159.12. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sumit Singh also recently made the following trade(s):

• On Wednesday, January 15th, Sumit Singh sold 114,130 shares of Chewy stock. The stock was 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 stock was 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 stock was 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 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 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 Up 0.1 %

Chewy stock opened at $37.20 on Thursday. The firm has a market capitalization of $15.15 billion, a price-to-earnings ratio of 40.88, a PEG ratio of 4.14 and a beta of 1.10. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $39.10. The company has a fifty day simple moving average of $34.13 and a 200-day simple moving average of $29.84.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.15. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the company posted ($0.08) EPS. On average, research analysts anticipate that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Analyst Ratings Changes

CHWY has been the subject of a number of research reports. Citigroup raised Chewy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $28.00 to $40.00 in a report on Friday, November 8th. Wedbush reaffirmed an “outperform” rating and issued a $39.00 price target (up from $35.00) on shares of Chewy in a report on Thursday, December 5th. Morgan Stanley increased their price target on Chewy from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. boosted their price target on Chewy from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, Bank of America raised shares of Chewy from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $24.00 to $40.00 in a research note on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, Chewy currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.80.

Institutional Investors Weigh In On Chewy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in Chewy by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company’s stock valued at $661,000 after purchasing an additional 301 shares during the period. Blue Trust Inc. raised 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 period. Fifth Third Bancorp lifted its holdings in shares of Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after acquiring an additional 444 shares during the last quarter. Washington Trust Advisors Inc. boosted its position in shares of Chewy by 0.3% during the 3rd quarter. Washington Trust Advisors Inc. now owns 278,452 shares of the company’s stock worth $8,156,000 after purchasing an additional 923 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Chewy by 10.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company’s stock valued at $308,000 after purchasing an additional 1,029 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

About Chewy

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.