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

Chewy, Inc. (NYSE:CHWY) CTO Satish Mehta sold 168,105 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $36.32, for a total value of $6,105,573.60. Following the completion of the sale, the chief technology officer now directly owns 417,857 shares of the company’s stock, valued at $15,176,566.24. This represents a 28.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $33.47, for a total transaction of $269,634.32.

Chewy Trading Up 3.7 %

Shares of Chewy stock traded up $1.34 during midday trading on Wednesday, reaching $37.38. The company had a trading volume of 5,855,071 shares, compared to its average volume of 6,700,499. The stock has a fifty day simple moving average of $33.56 and a 200 day simple moving average of $29.40. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $39.10. The company has a market capitalization of $15.22 billion, a price-to-earnings ratio of 41.08, a price-to-earnings-growth ratio of 4.28 and a beta of 1.10.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.05 by $0.15. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same period last year, the firm earned ($0.08) EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts expect that Chewy, Inc. will post 0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Barclays boosted their price objective on Chewy from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Citigroup raised shares of Chewy from a “neutral” rating to a “buy” rating and increased their price target for the company from $28.00 to $40.00 in a report on Friday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Chewy in a report on Thursday, December 5th. Mizuho raised Chewy from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $24.00 to $42.00 in a research report on Monday, January 6th. Finally, Wolfe Research upgraded Chewy from a “peer perform” rating to an “outperform” rating in a research report on Friday, January 3rd. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.80.

Institutional Trading of Chewy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of Chewy by 183.6% during the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock worth $38,000 after buying an additional 905 shares during the last quarter. Planning Capital Management Corp bought a new stake in shares of Chewy during the 3rd quarter valued at $52,000. Future Financial Wealth Managment LLC acquired a new position in shares of Chewy in the 3rd quarter valued at $62,000. Wilmington Savings Fund Society FSB bought a new position in shares of Chewy in the 3rd quarter worth $63,000. Finally, Castleview Partners LLC acquired a new stake in shares of Chewy during the third quarter worth $76,000. 93.09% of the stock is owned by institutional investors.

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.