Chewy (NYSE:CHWY) CTO Sells $212,246.19 in Stock

Key Points

• Chewy's CTO, Satish Mehta, sold 5,967 shares at an average price of $35.57, resulting in a total transaction of approximately $212,246, decreasing his ownership by 2.05%.
• Chewy reported quarterly earnings of $0.35 EPS, surpassing expectations, and generated revenue of $3.12 billion, reflecting a 6.3% year-over-year increase.
• Analysts have set an average price target of $43.78, with a majority rating the stock as a "Moderate Buy."

Chewy (NYSE:CHWY - Get Free Report) CTO Satish Mehta sold 5,967 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $212,246.19. Following the transaction, the chief technology officer directly owned 285,194 shares of the company's stock, valued at $10,144,350.58. The trade was a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Tuesday, August 5th, Satish Mehta sold 8,727 shares of Chewy stock. The stock was sold at an average price of $35.82, for a total transaction of $312,601.14.

Chewy Price Performance

Shares of NYSE:CHWY traded up $0.37 during trading hours on Friday, hitting $36.17. The company's stock had a trading volume of 6,866,067 shares, compared to its average volume of 5,748,035. Chewy has a 52 week low of $23.42 and a 52 week high of $48.62. The company has a market capitalization of $15.02 billion, a price-to-earnings ratio of 40.64, a P/E/G ratio of 7.54 and a beta of 1.67. The firm's fifty day moving average price is $40.36 and its 200 day moving average price is $37.97.

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

Analyst Ratings Changes

A number of equities analysts recently commented on CHWY shares. Cowen reaffirmed a "buy" rating on shares of Chewy in a research note on Friday, June 6th. Citizens Jmp raised shares of Chewy to a "strong-buy" rating in a research note on Thursday, July 10th. Mizuho cut shares of Chewy from an "outperform" rating to a "neutral" rating and lifted their price target for the stock from $43.00 to $47.00 in a research note on Monday, June 9th. Barclays lifted their price target 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. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Chewy in a research note on Thursday, June 12th. Nine analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Chewy presently has an average rating of "Moderate Buy" and an average price target of $43.78.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Parallel Advisors LLC grew its position in Chewy by 150.2% during the 1st quarter. Parallel Advisors LLC now owns 788 shares of the company's stock worth $26,000 after purchasing an additional 473 shares during the last quarter. Banque Transatlantique SA purchased a new stake in Chewy during the 4th quarter worth approximately $30,000. Golden State Wealth Management LLC grew its position in Chewy by 104.6% during the 1st quarter. Golden State Wealth Management LLC now owns 941 shares of the company's stock worth $31,000 after purchasing an additional 481 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Chewy in the 1st quarter valued at $44,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Chewy by 34.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company's stock valued at $49,000 after acquiring an additional 298 shares during the last quarter. 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.