Chewy (NYSE:CHWY - Get Free Report) General Counsel Da-Wai Hu sold 8,149 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $26.91, for a total value of $219,289.59. The sale was disclosed in a filing with the SEC, which is available at this link.
Chewy Stock Down 1.3%
Shares of Chewy stock opened at $26.52 on Tuesday. Chewy has a 12-month low of $22.74 and a 12-month high of $48.62. The stock has a market cap of $11.05 billion, a P/E ratio of 51.00, a P/E/G ratio of 1.66 and a beta of 1.61. The business's 50 day moving average is $26.23 and its 200-day moving average is $31.66.
Chewy (NYSE:CHWY - Get Free Report) last announced its quarterly earnings data on Wednesday, March 25th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.19). The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.26 billion. Chewy had a return on equity of 53.48% and a net margin of 1.77%.The company's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. On average, sell-side analysts expect that Chewy will post 0.24 EPS for the current year.
Wall Street Analysts Forecast Growth
CHWY has been the topic of a number of research analyst reports. Barclays dropped their target price on shares of Chewy from $52.00 to $48.00 and set an "overweight" rating on the stock in a report on Thursday, March 5th. UBS Group dropped their target price on shares of Chewy from $42.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, March 26th. Guggenheim restated a "buy" rating and issued a $45.00 price target on shares of Chewy in a research note on Thursday, March 26th. JPMorgan Chase & Co. dropped their price target on Chewy from $46.00 to $40.00 and set an "overweight" rating on the stock in a research note on Thursday, March 26th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Chewy in a research note on Wednesday, January 21st. Eighteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $42.91.
Get Our Latest Analysis on Chewy
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Chewy by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 19,920,347 shares of the company's stock valued at $658,367,000 after acquiring an additional 1,017,214 shares during the period. Wellington Management Group LLP raised its holdings in Chewy by 295.9% in the 3rd quarter. Wellington Management Group LLP now owns 17,622,768 shares of the company's stock valued at $712,841,000 after acquiring an additional 13,171,325 shares during the period. Viking Global Investors LP raised its holdings in Chewy by 146.9% in the 4th quarter. Viking Global Investors LP now owns 13,536,645 shares of the company's stock valued at $447,386,000 after acquiring an additional 8,052,955 shares during the period. AQR Capital Management LLC raised its holdings in Chewy by 10.0% in the 4th quarter. AQR Capital Management LLC now owns 11,218,840 shares of the company's stock valued at $370,558,000 after acquiring an additional 1,022,694 shares during the period. Finally, Morgan Stanley raised its holdings in Chewy by 33.8% in the 4th quarter. Morgan Stanley now owns 7,660,258 shares of the company's stock valued at $253,172,000 after acquiring an additional 1,937,014 shares during the period. 93.09% of the stock is owned by institutional investors.
Chewy Company Profile
(
Get Free Report)
Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.
Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.
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