Sumit Singh Sells 16,289 Shares of Chewy (NYSE:CHWY) Stock

Chewy (NYSE:CHWY) CEO Sumit Singh sold 16,289 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $32.72, for a total value of $532,976.08. Following the sale, the chief executive officer directly owned 563,408 shares in the company, valued at approximately $18,434,709.76. The trade was a 2.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sumit Singh also recently made the following trade(s):

• On Monday, November 3rd, Sumit Singh sold 2,289 shares of Chewy stock. The shares were sold at an average price of $32.72, for a total transaction of $74,896.08.

Chewy Price Performance

Chewy stock opened at $32.83 on Friday. The stock has a market capitalization of $13.62 billion, a P/E ratio of 93.79, a P/E/G ratio of 8.23 and a beta of 1.67. Chewy has a 12-month low of $29.25 and a 12-month high of $48.62. The firm’s 50-day moving average is $37.61 and its two-hundred day moving average is $39.26.

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

Institutional Investors Weigh In On Chewy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its position in Chewy by 81.0% in the 1st quarter. Teacher Retirement System of Texas now owns 29,080 shares of the company’s stock valued at $945,000 after buying an additional 13,017 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Chewy by 38.7% in the first quarter. D.A. Davidson & CO. now owns 43,725 shares of the company’s stock valued at $1,422,000 after purchasing an additional 12,206 shares during the last quarter. Liberty One Investment Management LLC grew its stake in Chewy by 4.7% during the 1st quarter. Liberty One Investment Management LLC now owns 7,051 shares of the company’s stock valued at $229,000 after purchasing an additional 314 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in Chewy by 21.7% during the 1st quarter. New Mexico Educational Retirement Board now owns 35,300 shares of the company’s stock valued at $1,148,000 after purchasing an additional 6,300 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in Chewy by 72.4% during the 1st quarter. Cerity Partners LLC now owns 29,711 shares of the company’s stock worth $966,000 after purchasing an additional 12,481 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CHWY. Barclays cut their price target on shares of Chewy from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday, September 11th. Wedbush reissued an “outperform” rating and issued a $45.00 target price on shares of Chewy in a research note on Thursday, September 11th. Robert W. Baird reduced their target price on shares of Chewy from $52.00 to $48.00 and set an “outperform” rating on the stock in a report on Thursday, September 11th. JMP Securities reiterated a “market outperform” rating and issued a $48.00 price target on shares of Chewy in a report on Thursday, September 11th. Finally, TD Cowen cut their price objective on Chewy from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Chewy has a consensus rating of “Moderate Buy” and an average target price of $45.84.

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.