Chewy Inc (NYSE:CHWY) CEO Sells $9,625,200.00 in Stock

Chewy Inc (NYSE:CHWY) CEO Sumit Singh sold 195,000 shares of the business’s stock in a transaction that occurred on Friday, June 19th. The stock was sold at an average price of $49.36, for a total value of $9,625,200.00. Following the completion of the transaction, the chief executive officer now directly owns 455,343 shares in the company, valued at $22,475,730.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Wednesday, June 17th, Sumit Singh sold 168,947 shares of Chewy stock. The stock was sold at an average price of $47.66, for a total value of $8,052,014.02.
  • On Monday, June 15th, Sumit Singh sold 72,055 shares of Chewy stock. The stock was sold at an average price of $47.64, for a total value of $3,432,700.20.

Shares of Chewy stock opened at $49.74 on Thursday. The stock’s fifty day moving average is $44.77 and its two-hundred day moving average is $34.92. The company has a market capitalization of $19.82 billion and a PE ratio of -73.15. Chewy Inc has a 52 week low of $20.62 and a 52 week high of $52.77.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Tuesday, June 9th. The company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.01). The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.53 billion. The firm’s revenue was up 46.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.08) earnings per share. On average, equities analysts anticipate that Chewy Inc will post -0.39 EPS for the current year.

Institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC grew its position in shares of Chewy by 17,783.4% during the 1st quarter. Janus Henderson Group PLC now owns 1,512,402 shares of the company’s stock worth $56,700,000 after buying an additional 1,503,945 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Chewy during the 1st quarter worth $50,437,000. Clearbridge Investments LLC grew its position in shares of Chewy by 79.3% during the 1st quarter. Clearbridge Investments LLC now owns 2,296,139 shares of the company’s stock worth $86,082,000 after buying an additional 1,015,193 shares in the last quarter. Blair William & Co. IL grew its position in shares of Chewy by 449.6% during the 1st quarter. Blair William & Co. IL now owns 1,109,476 shares of the company’s stock worth $41,594,000 after buying an additional 907,589 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Chewy by 69.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 2,000,000 shares of the company’s stock worth $74,980,000 after buying an additional 820,171 shares in the last quarter. 99.46% of the stock is currently owned by institutional investors.

CHWY has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price target on Chewy from $40.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Nomura Securities upped their price objective on Chewy from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, April 3rd. William Blair reaffirmed a “buy” rating on shares of Chewy in a report on Friday, June 12th. Morgan Stanley upped their price objective on Chewy from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Nomura upped their price objective on Chewy from $40.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Chewy has a consensus rating of “Buy” and a consensus target price of $51.40.

About Chewy

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food, pet products, pet medications, and other pet health products for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications.

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Insider Buying and Selling by Quarter for Chewy (NYSE:CHWY)

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