Chewy, Inc. (NYSE:CHWY) CEO Sumit Singh Sells 57,432 Shares

Chewy, Inc. (NYSE:CHWY) CEO Sumit Singh sold 57,432 shares of the stock in a transaction dated 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 directly owns 877,704 shares in the company, valued at approximately $33,264,981.60. This represents a 6.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 stock was sold at an average price of $40.00, for a total transaction 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 stock was sold at an average price of $37.52, for a total value of $150,080.00.
• 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 value 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 value 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 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 value of $2,312,732.50.

Chewy Price Performance

NYSE CHWY traded down $1.52 during trading hours on Friday, reaching $37.17. 4,055,839 shares of the stock traded hands, compared to its average volume of 5,092,797. The stock has a 50 day simple moving average of $35.36 and a two-hundred day simple moving average of $30.83. The company has a market cap of $15.13 billion, a price-to-earnings ratio of 40.84, a price-to-earnings-growth ratio of 4.36 and a beta of 1.10. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $40.09.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.15. The company had revenue of $2.89 billion during 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 previous year, the company posted ($0.08) EPS. On average, sell-side analysts forecast that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Eagle Asset Management Inc. lifted its holdings in Chewy by 97.9% in the third quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock worth $60,485,000 after buying an additional 975,647 shares during the period. Sanctuary Advisors LLC bought a new position in Chewy in the second quarter worth $673,000. Centiva Capital LP bought a new stake in shares of Chewy during the 3rd quarter valued at $2,949,000. Geode Capital Management LLC increased its stake in shares of Chewy by 8.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,550,844 shares of the company’s stock worth $45,443,000 after acquiring an additional 119,633 shares in the last quarter. Finally, Simplify Asset Management Inc. purchased a new position in Chewy during the 3rd quarter valued at about $5,379,000. Institutional investors own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

CHWY has been the topic of several research analyst reports. Wolfe Research upgraded Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. Evercore ISI upgraded Chewy from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $34.00 to $47.00 in a report on Monday, January 13th. JPMorgan Chase & Co. upped their price objective on shares of Chewy from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Robert W. Baird lifted their price target on shares of Chewy from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Finally, The Goldman Sachs Group upped their price objective on Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.80.

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.