Chewy, Inc. (NYSE:CHWY) CTO Sells $337,369.50 in Stock

Chewy, Inc. (NYSE:CHWY) CTO Satish Mehta sold 9,243 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $36.50, for a total transaction of $337,369.50. Following the sale, the chief technology officer now directly owns 276,467 shares in the company, valued at approximately $10,091,045.50. This trade represents a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Satish Mehta also recently made the following trade(s):

• On Thursday, March 6th, Satish Mehta sold 71,365 shares of Chewy stock. The shares were sold at an average price of $35.60, for a total value of $2,540,594.00.

Chewy Stock Performance

Chewy stock opened at $38.22 on Wednesday. The business’s 50-day simple moving average is $34.24 and its 200-day simple moving average is $34.17. Chewy, Inc. has a 52 week low of $15.08 and a 52 week high of $40.09. The firm has a market capitalization of $15.81 billion, a PE ratio of 42.00, a PEG ratio of 2.21 and a beta of 1.69.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.25. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the firm posted $0.07 EPS. The business’s revenue was up 15.0% compared to the same quarter last year. Research analysts forecast that Chewy, Inc. will post 0.24 earnings per share for the current year.

Hedge Funds Weigh In On Chewy

Several large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Chewy by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company’s stock valued at $661,000 after purchasing an additional 301 shares during the period. Liberty One Investment Management LLC raised its stake in shares of Chewy by 4.7% in the 1st quarter. Liberty One Investment Management LLC now owns 7,051 shares of the company’s stock valued at $229,000 after buying an additional 314 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Chewy by 22.9% during the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock worth $58,000 after acquiring an additional 320 shares during the period. North Star Investment Management Corp. boosted its position in shares of Chewy by 26.6% during the 1st quarter. North Star Investment Management Corp. now owns 1,678 shares of the company’s stock valued at $55,000 after acquiring an additional 353 shares in the last quarter. Finally, Park Avenue Securities LLC increased its stake in Chewy by 5.3% in the first quarter. Park Avenue Securities LLC now owns 7,281 shares of the company’s stock valued at $237,000 after acquiring an additional 364 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CHWY. Wedbush reaffirmed an “outperform” rating and set a $39.00 target price on shares of Chewy in a research note on Thursday, March 27th. Argus upgraded shares of Chewy from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group boosted their price target on shares of Chewy from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Royal Bank of Canada reiterated an “outperform” rating and set a $42.00 price objective on shares of Chewy in a report on Thursday, March 27th. Finally, Mizuho boosted their target price on Chewy from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.47.

Chewy Company Profile

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.