Insider Selling: Chewy, Inc. (NYSE:CHWY) CFO Sells $422,048.08 in Stock

Chewy, Inc. (NYSE:CHWY) CFO David Reeder sold 11,582 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $36.44, for a total value of $422,048.08. Following the completion of the transaction, the chief financial officer now directly owns 397,556 shares of the company’s stock, valued at $14,486,940.64. This represents a 2.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

David Reeder also recently made the following trade(s):

• On Friday, May 2nd, David Reeder sold 7,863 shares of Chewy stock. The shares were sold at an average price of $36.50, for a total transaction of $286,999.50.
• On Friday, February 7th, David Reeder sold 307,558 shares of Chewy stock. The stock was sold at an average price of $37.48, for a total value of $11,527,273.84.

Chewy Trading Down 0.3 %

Shares of NYSE CHWY opened at $38.24 on Friday. Chewy, Inc. has a 12-month low of $15.27 and a 12-month high of $40.09. The firm’s 50-day moving average price is $34.31 and its 200-day moving average price is $34.27. The stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 42.02, a P/E/G ratio of 2.21 and a beta of 1.69.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.25. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.20 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the company earned $0.07 EPS. On average, equities analysts predict that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CHWY. Wilmington Savings Fund Society FSB bought a new position in Chewy during the 3rd quarter valued at about $63,000. Principal Financial Group Inc. boosted its position in shares of Chewy by 0.7% during the third quarter. Principal Financial Group Inc. now owns 531,709 shares of the company’s stock valued at $15,574,000 after buying an additional 3,814 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Chewy by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company’s stock valued at $661,000 after buying an additional 301 shares during the last quarter. Global Financial Private Client LLC purchased a new stake in shares of Chewy in the fourth quarter worth approximately $106,000. Finally, Fifth Third Wealth Advisors LLC bought a new stake in shares of Chewy during the 4th quarter worth approximately $222,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Seaport Res Ptn raised shares of Chewy to a “hold” rating in a research report on Monday, March 24th. Guggenheim set a $42.00 price objective on Chewy and gave the company a “buy” rating in a research report on Tuesday, February 4th. Evercore ISI raised Chewy from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $34.00 to $47.00 in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft set a $27.00 price target on shares of Chewy and gave the company a “hold” rating in a research report on Monday, April 14th. Finally, Citigroup raised their price objective on shares of Chewy from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Chewy currently has a consensus rating of “Moderate Buy” and an average price target of $38.47.

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.