Key Points
- Chewy CAO William Billings sold 4,815 shares for $110,745 at an average price of $23, leaving him with 36,595 shares. The sale was made under a pre-arranged Rule 10b5-1 plan.
- Chewy’s latest quarterly results topped expectations: earnings were $0.36 per share versus consensus of $0.18, while revenue reached $3.33 billion, up 7.3% year over year.
- Analysts hold a Moderate Buy consensus rating, with an average price target of $30.45; shares were reported down 1.6%.
Chewy (NYSE:CHWY - Get Free Report) CAO William Billings sold 4,815 shares of Chewy stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $23.00, for a total transaction of $110,745.00. Following the completion of the transaction, the chief accounting officer directly owned 36,595 shares in the company, valued at $841,685. This represents a 11.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Chewy Stock Down 1.6%
NYSE CHWY opened at $23.02 on Friday. Chewy has a 12 month low of $17.40 and a 12 month high of $37.34. The company has a market capitalization of $9.25 billion, a P/E ratio of 34.87, a PEG ratio of 0.97 and a beta of 1.33. The company's 50 day simple moving average is $20.82 and its 200 day simple moving average is $23.15. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.84 and a quick ratio of 0.42.
Chewy (NYSE:CHWY - Get Free Report) last issued its earnings results on Wednesday, September 9th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.18. The firm had revenue of $3.33 billion during the quarter, compared to analysts' expectations of $3.32 billion. Chewy had a net margin of 2.09% and a return on equity of 60.88%. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $0.33 earnings per share. Equities research analysts expect that Chewy will post 0.76 earnings per share for the current fiscal year.
Chewy News Roundup
Here are the key news stories impacting Chewy this week:
Institutional Investors Weigh In On Chewy
A number of large investors have recently made changes to their positions in the company. Amundi boosted its stake in Chewy by 191.8% in the 1st quarter. Amundi now owns 1,466,126 shares of the company's stock worth $39,584,000 after purchasing an additional 963,750 shares during the period. Bank of America Corp DE grew its position in Chewy by 12.7% during the 1st quarter. Bank of America Corp DE now owns 4,816,924 shares of the company's stock worth $130,057,000 after purchasing an additional 542,298 shares in the last quarter. OMERS ADMINISTRATION Corp grew its position in Chewy by 95.2% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 114,421 shares of the company's stock worth $3,089,000 after purchasing an additional 55,800 shares in the last quarter. Principal Financial Group Inc. grew its position in Chewy by 11.1% during the 1st quarter. Principal Financial Group Inc. now owns 535,915 shares of the company's stock worth $14,470,000 after purchasing an additional 53,586 shares in the last quarter. Finally, Senvest Management LLC acquired a new stake in Chewy during the 1st quarter valued at $11,070,000. Institutional investors and hedge funds own 93.09% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on CHWY. Citizens Jmp reissued a "market outperform" rating and set a $28.00 price objective on shares of Chewy in a research note on Thursday, September 10th. TD Cowen decreased their target price on Chewy from $34.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday, September 10th. UBS Group reaffirmed a "neutral" rating on shares of Chewy in a report on Thursday, September 10th. Weiss Ratings upgraded Chewy from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, September 28th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Chewy in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Chewy presently has an average rating of "Moderate Buy" and an average price target of $30.45.
View Our Latest Analysis on CHWY
About Chewy
(
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.
Further Reading
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