Satish Mehta Sells 4,642 Shares of Chewy (NYSE:CHWY) Stock

Chewy (NYSE:CHWY) CTO Satish Mehta sold 4,642 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $32.65, for a total value of $151,561.30. Following the transaction, the chief technology officer directly owned 229,702 shares in the company, valued at approximately $7,499,770.30. This represents a 1.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, November 3rd, Satish Mehta sold 3,288 shares of Chewy stock. The shares were sold at an average price of $32.72, for a total value of $107,583.36.

Chewy Price Performance

Shares of CHWY opened at $32.83 on Friday. The stock has a market capitalization of $13.62 billion, a PE ratio of 93.79, a price-to-earnings-growth ratio of 8.23 and a beta of 1.67. The business’s fifty day moving average price is $37.61 and its 200 day moving average price is $39.26. Chewy has a 12-month low of $29.25 and a 12-month high of $48.62.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, September 10th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.19). The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. Chewy had a net margin of 1.22% and a return on equity of 50.45%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.24 EPS. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. As a group, research analysts anticipate that Chewy will post 0.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CHWY shares. Citigroup dropped their price objective on shares of Chewy from $49.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chewy in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft upgraded Chewy from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Thursday, September 11th. Mizuho restated an “outperform” rating and set a $50.00 price objective on shares of Chewy in a research report on Tuesday. Finally, Barclays lowered their price objective on Chewy from $50.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.84.

Hedge Funds Weigh In On Chewy

Several hedge funds and other institutional investors have recently made changes to their positions in CHWY. Quent Capital LLC bought a new position in Chewy in the 3rd quarter worth approximately $27,000. Osterweis Capital Management Inc. bought a new stake in Chewy during the 2nd quarter valued at $30,000. Princeton Global Asset Management LLC acquired a new position in Chewy during the 3rd quarter worth $40,000. N.E.W. Advisory Services LLC bought a new position in shares of Chewy in the first quarter worth $44,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Chewy by 412.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,091 shares of the company’s stock valued at $46,000 after purchasing an additional 878 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

About Chewy

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.