Chewy, Inc. (NYSE:CHWY) CTO Satish Mehta Sells 168,105 Shares

Chewy, Inc. (NYSE:CHWY) CTO Satish Mehta sold 168,105 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $36.32, for a total transaction of $6,105,573.60. Following the completion of the sale, the chief technology officer now owns 417,857 shares in the company, valued at approximately $15,176,566.24. The trade was a 28.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, December 2nd, Satish Mehta sold 8,056 shares of Chewy stock. The shares were sold at an average price of $33.47, for a total transaction of $269,634.32.

Chewy Stock Performance

Shares of CHWY stock opened at $37.38 on Thursday. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $39.10. The stock has a market capitalization of $15.22 billion, a PE ratio of 41.08, a PEG ratio of 4.28 and a beta of 1.10. The stock’s fifty day moving average is $33.56 and its 200-day moving average is $29.40.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.15. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the prior year, the firm earned ($0.08) EPS. The company’s revenue was up 5.2% on a year-over-year basis. As a group, analysts forecast that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Bank of America upgraded shares of Chewy from an “underperform” rating to a “buy” rating and increased their target price for the company from $24.00 to $40.00 in a research note on Wednesday, November 20th. Morgan Stanley raised their price objective on Chewy from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday. UBS Group boosted their price objective on Chewy from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. raised their target price on Chewy from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, JMP Securities reissued a “market outperform” rating and issued a $37.00 price target on shares of Chewy in a report on Monday, December 16th. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.80.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. increased its stake in shares of Chewy by 183.6% in the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after buying an additional 905 shares during the period. Planning Capital Management Corp bought a new position in Chewy in the third quarter valued at about $52,000. Future Financial Wealth Managment LLC acquired a new stake in Chewy in the third quarter worth about $62,000. Wilmington Savings Fund Society FSB bought a new stake in Chewy during the 3rd quarter worth about $63,000. Finally, Castleview Partners LLC acquired a new position in Chewy during the 3rd quarter valued at about $76,000. Institutional investors own 93.09% of the company’s stock.

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.