Key Points
- Chewy CEO Sumit Singh sold 23,002 shares for $492,242.80 at an average $21.40 under a pre-arranged Rule 10b5-1 plan, reducing his stake by 2.49%. He retained 899,118 shares.
- Chewy reported quarterly EPS of $0.36, beating the $0.18 analyst consensus, while revenue rose 7.3% year over year to $3.33 billion.
- Analysts’ consensus rating was Moderate Buy, with an average price target of $30.45; the stock opened at $23.36 on Thursday.
Chewy (NYSE:CHWY - Get Free Report) CEO Sumit Singh sold 23,002 shares of the business's stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $21.40, for a total value of $492,242.80. Following the completion of the transaction, the chief executive officer directly owned 899,118 shares of the company's stock, valued at approximately $19,241,125.20. This trade represents a 2.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sumit Singh also recently made the following trade(s):
- On Monday, November 2nd, Sumit Singh sold 3,228 shares of Chewy stock. The stock was sold at an average price of $21.40, for a total value of $69,079.20.
Chewy Stock Up 6.0%
Chewy stock opened at $23.36 on Thursday. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 0.92 and a beta of 1.33. Chewy has a 52 week low of $17.40 and a 52 week high of $37.34. The business's 50-day moving average price is $20.82 and its 200 day moving average price is $23.20. The company has a quick ratio of 0.42, a current ratio of 0.84 and a debt-to-equity ratio of 1.59.
Chewy (NYSE:CHWY - Get Free Report) last announced its quarterly earnings results on Wednesday, September 9th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.18. Chewy had a return on equity of 60.88% and a net margin of 2.09%. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the company posted $0.33 earnings per share. Chewy's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Chewy will post 0.76 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms have recently weighed in on CHWY. Weiss Ratings raised shares of Chewy from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, September 28th. UBS Group reissued a "neutral" rating on shares of Chewy in a report on Thursday, September 10th. Rosenblatt Securities dropped their price target on shares of Chewy from $25.00 to $24.00 and set a "neutral" rating on the stock in a research report on Thursday, September 10th. Needham & Company LLC restated a "hold" rating on shares of Chewy in a research report on Thursday, September 10th. Finally, Citizens Jmp reaffirmed a "market outperform" rating and issued a $28.00 price objective on shares of Chewy in a report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Chewy presently has a consensus rating of "Moderate Buy" and an average target price of $30.45.
Check Out Our Latest Analysis on Chewy
Hedge Funds Weigh In On Chewy
Large investors have recently bought and sold shares of the business. Van Berkom & Associates Inc. acquired a new stake in Chewy in the third quarter valued at approximately $52,181,000. Pictet Asset Management Holding SA increased its position in shares of Chewy by 6.3% in the third quarter. Pictet Asset Management Holding SA now owns 36,327 shares of the company's stock valued at $661,000 after buying an additional 2,150 shares in the last quarter. CenterBook Partners LP purchased a new stake in shares of Chewy in the third quarter valued at approximately $555,000. Kestra Advisory Services LLC raised its stake in shares of Chewy by 20.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 120,780 shares of the company's stock worth $2,198,000 after buying an additional 20,461 shares during the period. Finally, Chicago Partners Investment Group LLC acquired a new position in shares of Chewy during the 3rd quarter worth approximately $233,000. Institutional investors and hedge funds own 93.09% of the company's stock.
Chewy Company Profile
(
Get Free Report)
Chewy, Inc is an e-commerce company focused on pet products and services. Through its website and mobile platforms, the company sells pet food, treats, toys, supplies, and accessories for dogs, cats, fish, birds, reptiles, and other household pets.
Chewy also offers pet medications and veterinary-related products through its online pharmacy, as well as services such as Autoship subscriptions, which allow customers to schedule recurring deliveries. Its assortment includes national brands and private-label products, and the company emphasizes customer service, convenience, and personalized recommendations.
Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated as an online pet-food retailer before expanding into a broader pet-commerce platform.
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