David Reeder Sells 307,558 Shares of Chewy, Inc. (NYSE:CHWY) Stock

Chewy, Inc. (NYSE:CHWY) CFO David Reeder sold 307,558 shares of Chewy stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $37.48, for a total transaction of $11,527,273.84. Following the transaction, the chief financial officer now directly owns 546,257 shares in the company, valued at approximately $20,473,712.36. The trade was a 36.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Chewy Stock Up 0.9 %

CHWY opened at $37.56 on Thursday. The company has a market cap of $15.29 billion, a price-to-earnings ratio of 41.27, a PEG ratio of 2.32 and a beta of 1.10. The firm’s fifty day simple moving average is $35.59 and its two-hundred day simple moving average is $31.18. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $40.09.

Chewy (NYSE:CHWY) last announced its earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.15. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter in the previous year, the company posted ($0.08) EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, research analysts forecast that Chewy, Inc. will post 0.24 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CHWY. Fifth Third Bancorp increased its position in Chewy by 83.0% during the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after purchasing an additional 444 shares during the last quarter. Blue Trust Inc. boosted its holdings in Chewy by 183.6% in the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after purchasing an additional 905 shares during the last quarter. Planning Capital Management Corp purchased a new stake in shares of Chewy in the 3rd quarter valued at approximately $52,000. Allworth Financial LP increased its holdings in shares of Chewy by 52.0% during the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock worth $71,000 after buying an additional 650 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Chewy during the 3rd quarter valued at approximately $63,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CHWY shares. Argus upgraded Chewy from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. BNP Paribas downgraded shares of Chewy from an “outperform” rating to a “neutral” rating in a report on Thursday, December 5th. JMP Securities reiterated a “market outperform” rating and set a $37.00 price objective on shares of Chewy in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Chewy from $24.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, November 22nd. Finally, Robert W. Baird upped their price target on Chewy from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $36.80.

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.