Chewy (NYSE:CHWY) CAO Sells $716,450.94 in Stock

Key Points

• Chewy's CAO, William G. Billings, sold 20,142 shares of the company's stock for approximately $716,450.94, representing a 40.60% decrease in his position.
• After the sale, Billings still holds 29,464 shares valued at around $1,048,034.48.
• Chewy's stock recently experienced a price increase of 1.2%, closing at $34.69 with a significant trading volume of 4,473,603 shares.

Chewy (NYSE:CHWY - Get Free Report) CAO William G. Billings sold 20,142 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $35.57, for a total transaction of $716,450.94. Following the completion of the transaction, the chief accounting officer owned 29,464 shares of the company's stock, valued at approximately $1,048,034.48. This trade represents a 40.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Chewy Stock Up 1.2%

Shares of Chewy stock traded up $0.42 during mid-day trading on Wednesday, hitting $34.69. The stock had a trading volume of 4,473,603 shares, compared to its average volume of 5,913,771. The firm has a 50-day moving average of $40.90 and a two-hundred day moving average of $38.00. Chewy has a 12-month low of $21.97 and a 12-month high of $48.62. The firm has a market cap of $14.40 billion, a P/E ratio of 38.98, a price-to-earnings-growth ratio of 7.16 and a beta of 1.67.

Chewy (NYSE:CHWY - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $3.08 billion. Chewy had a net margin of 3.21% and a return on equity of 35.04%. The business's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 EPS. Sell-side analysts expect that Chewy will post 0.24 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on CHWY. Cowen reiterated a "buy" rating on shares of Chewy in a research report on Friday, June 6th. Needham & Company LLC reiterated a "hold" rating on shares of Chewy in a research report on Thursday, June 12th. JPMorgan Chase & Co. boosted their target price on shares of Chewy from $36.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Jefferies Financial Group reissued a "hold" rating and set a $43.00 target price (up previously from $41.00) on shares of Chewy in a research note on Thursday, June 5th. Finally, Barclays boosted their target price on shares of Chewy from $44.00 to $50.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 28th. Nine equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $43.78.

Hedge Funds Weigh In On Chewy

A number of hedge funds have recently made changes to their positions in the stock. BC Partners PE LP purchased a new position in shares of Chewy during the 1st quarter worth approximately $7,142,402,000. FMR LLC boosted its position in shares of Chewy by 32.4% during the 4th quarter. FMR LLC now owns 5,288,757 shares of the company's stock worth $177,120,000 after purchasing an additional 1,293,428 shares during the period. Voya Investment Management LLC boosted its position in shares of Chewy by 8.2% during the 1st quarter. Voya Investment Management LLC now owns 4,146,973 shares of the company's stock worth $134,818,000 after purchasing an additional 312,795 shares during the period. Durable Capital Partners LP purchased a new position in shares of Chewy during the 4th quarter worth approximately $79,050,000. Finally, Neuberger Berman Group LLC lifted its holdings in Chewy by 35.7% during the 1st quarter. Neuberger Berman Group LLC now owns 2,304,006 shares of the company's stock worth $74,903,000 after buying an additional 606,526 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company's stock.

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.

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