Chewy (NYSE:CHWY – Get Free Report) General Counsel Da-Wai Hu sold 4,203 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $19.49, for a total transaction of $81,916.47. Following the transaction, the general counsel owned 4,103 shares in the company, valued at approximately $79,967.47. This trade represents a 50.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Da-Wai Hu also recently made the following trade(s):
- On Wednesday, April 1st, Da-Wai Hu sold 8,149 shares of Chewy stock. The stock was sold at an average price of $26.91, for a total transaction of $219,289.59.
Chewy Price Performance
Chewy stock opened at $19.62 on Wednesday. Chewy has a one year low of $17.40 and a one year high of $43.50. The company’s fifty day moving average price is $21.60 and its two-hundred day moving average price is $26.10. The company has a market capitalization of $8.03 billion, a price-to-earnings ratio of 32.70, a PEG ratio of 0.97 and a beta of 1.44.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on CHWY shares. Morgan Stanley reduced their price objective on shares of Chewy from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, June 11th. Robert W. Baird lowered their target price on shares of Chewy from $40.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, June 11th. Wedbush cut their target price on shares of Chewy from $42.00 to $36.00 and set an “outperform” rating for the company in a research report on Thursday, March 26th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Chewy from $45.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, June 11th. Finally, Guggenheim restated a “buy” rating and set a $45.00 price target on shares of Chewy in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Chewy has an average rating of “Moderate Buy” and an average target price of $32.05.
Check Out Our Latest Report on Chewy
Hedge Funds Weigh In On Chewy
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Chewy by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 19,920,347 shares of the company’s stock worth $658,367,000 after acquiring an additional 1,017,214 shares in the last quarter. WINTON GROUP Ltd grew its stake in Chewy by 110.6% in the third quarter. WINTON GROUP Ltd now owns 239,800 shares of the company’s stock valued at $9,700,000 after acquiring an additional 125,943 shares during the period. Champlain Investment Partners LLC bought a new stake in shares of Chewy in the third quarter worth about $89,022,000. Jefferies Financial Group Inc. increased its holdings in shares of Chewy by 550.3% in the fourth quarter. Jefferies Financial Group Inc. now owns 102,249 shares of the company’s stock worth $3,379,000 after acquiring an additional 86,526 shares in the last quarter. Finally, ING Groep NV acquired a new stake in shares of Chewy during the fourth quarter worth about $5,883,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.
Chewy Company Profile
Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.
Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.
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