Chewy, Inc. (NYSE:CHWY - Get Free Report) CEO Sumit Singh sold 6,728 shares of the business's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total value of $104,485.84. Following the sale, the chief executive officer now owns 129,991 shares of the company's stock, valued at approximately $2,018,760.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Sumit Singh also recently made the following trade(s):
- On Monday, March 4th, Sumit Singh sold 527 shares of Chewy stock. The stock was sold at an average price of $17.79, for a total value of $9,375.33.
- On Friday, February 2nd, Sumit Singh sold 192,642 shares of Chewy stock. The shares were sold at an average price of $17.70, for a total transaction of $3,409,763.40.
Chewy Price Performance
CHWY stock opened at $16.38 on Friday. Chewy, Inc. has a fifty-two week low of $15.08 and a fifty-two week high of $40.78. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 204.71, a PEG ratio of 8.21 and a beta of 0.90. The business's fifty day moving average price is $17.04 and its two-hundred day moving average price is $18.79.
Hedge Funds Weigh In On Chewy
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Hedge funds have recently bought and sold shares of the business. UniSuper Management Pty Ltd bought a new stake in Chewy in the 2nd quarter valued at about $28,000. Quarry LP raised its position in shares of Chewy by 120.2% in the first quarter. Quarry LP now owns 874 shares of the company's stock valued at $33,000 after buying an additional 477 shares in the last quarter. Headinvest LLC acquired a new stake in shares of Chewy in the third quarter valued at approximately $39,000. Quest Partners LLC bought a new stake in shares of Chewy in the fourth quarter valued at approximately $65,000. Finally, Signaturefd LLC grew its position in Chewy by 37.8% during the fourth quarter. Signaturefd LLC now owns 3,358 shares of the company's stock worth $79,000 after buying an additional 922 shares in the last quarter. 93.09% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have commented on CHWY shares. Piper Sandler dropped their target price on shares of Chewy from $21.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, March 21st. Jefferies Financial Group reduced their price target on shares of Chewy from $27.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, March 21st. Morgan Stanley decreased their price objective on Chewy from $28.00 to $27.00 and set an "overweight" rating for the company in a report on Thursday, December 7th. Wedbush reaffirmed an "outperform" rating and set a $25.00 price target on shares of Chewy in a research report on Thursday, March 21st. Finally, Mizuho initiated coverage on shares of Chewy in a research note on Tuesday, March 19th. They issued a "neutral" rating and a $18.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $27.64.
Get Our Latest Analysis on Chewy
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 website www.chewy.com, as well as mobile applications.
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