Chewy, Inc. (NYSE:CHWY - Get Free Report) CTO Satish Mehta sold 8,019 shares of the firm's stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $15.12, for a total value of $121,247.28. Following the completion of the sale, the chief technology officer now directly owns 569,594 shares of the company's stock, valued at $8,612,261.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Chewy Stock Up 0.4 %
CHWY opened at $15.98 on Tuesday. The stock's fifty day moving average is $16.61 and its two-hundred day moving average is $18.51. The company has a market capitalization of $6.95 billion, a P/E ratio of 199.77, a PEG ratio of 8.28 and a beta of 0.91. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $40.78.
Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings data on Wednesday, March 20th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.09. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.79 billion. Chewy had a return on equity of 11.69% and a net margin of 0.33%. Equities analysts anticipate that Chewy, Inc. will post 0.08 earnings per share for the current year.
Institutional Inflows and Outflows
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Several institutional investors have recently bought and sold shares of the company. Headinvest LLC purchased a new position in shares of Chewy in the 3rd quarter valued at $39,000. Quest Partners LLC purchased a new position in shares of Chewy in the 4th quarter valued at $65,000. Future Financial Wealth Managment LLC purchased a new position in shares of Chewy in the 1st quarter valued at $65,000. Signaturefd LLC increased its holdings in shares of Chewy by 37.8% in the 4th quarter. Signaturefd LLC now owns 3,358 shares of the company's stock valued at $79,000 after acquiring an additional 922 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Chewy by 15.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,022 shares of the company's stock valued at $95,000 after acquiring an additional 543 shares during the period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on CHWY shares. JPMorgan Chase & Co. lowered their price objective on Chewy from $25.00 to $22.00 and set an "overweight" rating for the company in a research note on Thursday, March 21st. Barclays raised Chewy from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $19.00 to $30.00 in a research note on Thursday, January 11th. Bank of America lowered their price objective on Chewy from $17.00 to $16.50 and set an "underperform" rating for the company in a research note on Thursday, March 21st. Jefferies Financial Group lowered their price objective on Chewy from $27.00 to $25.00 and set a "buy" rating for the company in a research note on Thursday, March 21st. Finally, Piper Sandler decreased their price target on Chewy from $19.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Chewy currently has an average rating of "Moderate Buy" and an average target price of $27.50.
Get Our Latest Stock Report on Chewy
About Chewy
(
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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.
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