Key Points
- Chewy CEO Sumit Singh sold 83,306 shares on May 4 at an average price of $25.60 under a pre-arranged Rule 10b5-1 plan to cover tax withholding, trimming his stake by 8.7% to 874,061 shares (worth about $22.4M).
- Company fundamentals and analyst stance: Chewy missed Q1 EPS ($0.09 vs. $0.28) with flat revenue of $3.26B and a 1.77% net margin, while analysts maintain a "Moderate Buy" consensus with an average price target around $42.91.
Chewy (NYSE:CHWY - Get Free Report) CEO Sumit Singh sold 83,306 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $25.60, for a total value of $2,132,633.60. Following the sale, the chief executive officer owned 874,061 shares in the company, valued at $22,375,961.60. The trade was a 8.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Sumit Singh also recently made the following trade(s):
- On Monday, May 4th, Sumit Singh sold 4,220 shares of Chewy stock. The shares were sold at an average price of $25.60, for a total value of $108,032.00.
Chewy Stock Performance
NYSE:CHWY opened at $24.52 on Wednesday. The stock's fifty day moving average is $25.95 and its 200 day moving average is $30.02. Chewy has a fifty-two week low of $22.74 and a fifty-two week high of $48.62. The firm has a market capitalization of $10.22 billion, a PE ratio of 47.16, a PEG ratio of 1.06 and a beta of 1.50.
Chewy (NYSE:CHWY - Get Free Report) last announced its quarterly earnings data on Wednesday, March 25th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.19). The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.26 billion. Chewy had a net margin of 1.77% and a return on equity of 53.48%. The business's revenue was up .5% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS. Equities analysts forecast that Chewy will post 0.89 EPS for the current year.
Institutional Investors Weigh In On Chewy
Institutional investors have recently added to or reduced their stakes in the stock. Winslow Asset Management Inc. bought a new stake in Chewy during the third quarter valued at about $6,171,000. Vanguard Group Inc. boosted its position in Chewy by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 19,920,347 shares of the company's stock valued at $658,367,000 after purchasing an additional 1,017,214 shares in the last quarter. WINTON GROUP Ltd boosted its position in Chewy by 110.6% during the third quarter. WINTON GROUP Ltd now owns 239,800 shares of the company's stock valued at $9,700,000 after purchasing an additional 125,943 shares in the last quarter. Nordea Investment Management AB bought a new stake in Chewy during the third quarter valued at about $6,967,000. Finally, Federated Hermes Inc. raised its stake in Chewy by 2,715.2% in the third quarter. Federated Hermes Inc. now owns 664,079 shares of the company's stock valued at $26,862,000 after buying an additional 640,490 shares during the last quarter. Institutional investors own 93.09% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have commented on the company. Raymond James Financial raised Chewy from a "market perform" rating to an "outperform" rating and set a $28.00 price objective on the stock in a research report on Thursday, February 19th. BNP Paribas Exane reaffirmed a "neutral" rating and issued a $28.00 price objective (down from $38.00) on shares of Chewy in a research report on Thursday, March 26th. Argus raised Chewy to a "strong-buy" rating in a research report on Tuesday, April 7th. Wall Street Zen raised Chewy from a "hold" rating to a "buy" rating in a research report on Saturday, February 14th. Finally, Wedbush dropped their price target on Chewy from $42.00 to $36.00 and set an "outperform" rating on the stock in a research report on Thursday, March 26th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $42.91.
View Our Latest Stock Report on Chewy
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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