Chewy, Inc. (NYSE:CHWY) CTO Satish Mehta Sells 8,019 Shares of Stock

Chewy, Inc. (NYSE:CHWY) CTO Satish Mehta sold 8,019 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $15.12, for a total transaction of $121,247.28. Following the completion of the sale, the chief technology officer now owns 569,594 shares of the company’s stock, valued at approximately $8,612,261.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Chewy Stock Performance

Shares of NYSE:CHWY opened at $15.98 on Tuesday. The firm has a market capitalization of $6.95 billion, a PE ratio of 199.77, a price-to-earnings-growth ratio of 8.28 and a beta of 0.91. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $40.78. The firm has a fifty day moving average of $16.61 and a 200 day moving average of $18.51.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.09. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.79 billion. Chewy had a return on equity of 11.69% and a net margin of 0.33%. On average, sell-side analysts forecast that Chewy, Inc. will post 0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JMP Securities reiterated a “market outperform” rating and issued a $28.00 target price on shares of Chewy in a report on Friday, March 15th. Wedbush reiterated an “outperform” rating and issued a $25.00 target price on shares of Chewy in a research note on Thursday, March 21st. Jefferies Financial Group reduced their target price on shares of Chewy from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Barclays upgraded shares of Chewy from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $19.00 to $30.00 in a research note on Thursday, January 11th. Finally, The Goldman Sachs Group reduced their target price on shares of Chewy from $36.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Chewy presently has an average rating of “Moderate Buy” and an average price target of $27.50.

Institutional Trading of Chewy

Hedge funds have recently bought and sold shares of the company. CenterBook Partners LP bought a new stake in Chewy in the 3rd quarter worth approximately $573,000. Rafferty Asset Management LLC lifted its position in Chewy by 29.9% in the 3rd quarter. Rafferty Asset Management LLC now owns 19,677 shares of the company’s stock worth $359,000 after buying an additional 4,524 shares during the last quarter. Platinum Investment Management Ltd. bought a new stake in Chewy in the 3rd quarter worth approximately $1,230,000. Victory Capital Management Inc. lifted its position in Chewy by 364.2% in the 3rd quarter. Victory Capital Management Inc. now owns 57,662 shares of the company’s stock worth $1,053,000 after buying an additional 45,240 shares during the last quarter. Finally, Marathon Trading Investment Management LLC bought a new stake in Chewy in the 3rd quarter worth approximately $1,076,000. Institutional investors own 93.09% of the company’s stock.

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.