Chewy, Inc. (NYSE:CHWY) Insider Sells $14,389.28 in Stock

Chewy, Inc. (NYSE:CHWY) insider Stacy Bowman sold 647 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $22.24, for a total value of $14,389.28. Following the transaction, the insider now owns 245,561 shares in the company, valued at approximately $5,461,276.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Chewy Stock Up 6.7 %

NYSE:CHWY opened at $23.71 on Friday. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $39.10. The business has a 50 day moving average price of $24.70 and a two-hundred day moving average price of $19.64. The company has a market cap of $10.31 billion, a P/E ratio of 131.72, a price-to-earnings-growth ratio of 3.48 and a beta of 1.03.

Chewy (NYSE:CHWY) last released its quarterly earnings results on Wednesday, May 29th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. Chewy had a return on equity of 16.62% and a net margin of 0.73%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.85 billion. As a group, analysts anticipate that Chewy, Inc. will post 0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chewy

A number of institutional investors and hedge funds have recently made changes to their positions in CHWY. Baillie Gifford & Co. raised its stake in shares of Chewy by 16.8% during the 4th quarter. Baillie Gifford & Co. now owns 18,482,764 shares of the company’s stock worth $436,748,000 after purchasing an additional 2,654,376 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Chewy during the 4th quarter worth approximately $42,223,000. Fiera Capital Corp bought a new stake in shares of Chewy during the 2nd quarter worth approximately $44,373,000. Vanguard Group Inc. raised its stake in Chewy by 13.5% in the 4th quarter. Vanguard Group Inc. now owns 9,604,698 shares of the company’s stock valued at $226,959,000 after acquiring an additional 1,140,269 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Chewy by 127.8% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,717,660 shares of the company’s stock valued at $27,328,000 after acquiring an additional 963,540 shares during the period. Institutional investors own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CHWY. Needham & Company LLC raised their target price on Chewy from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Wolfe Research began coverage on Chewy in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Citigroup raised their target price on Chewy from $16.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Evercore ISI raised their target price on Chewy from $19.00 to $22.00 and gave the stock an “in-line” rating in a report on Friday, May 31st. Finally, Guggenheim boosted their price objective on Chewy from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Chewy currently has a consensus rating of “Moderate Buy” and an average price target of $27.07.

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.