Satish Mehta Sells 8,019 Shares of Chewy, Inc. (NYSE:CHWY) Stock

Chewy, Inc. (NYSE:CHWY) CTO Satish Mehta sold 8,019 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $15.12, for a total transaction of $121,247.28. Following the sale, the chief technology officer now directly owns 569,594 shares in the company, valued at approximately $8,612,261.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Chewy Price Performance

Shares of Chewy stock opened at $15.47 on Wednesday. The stock has a fifty day moving average price of $16.57 and a 200-day moving average price of $18.50. The firm has a market cap of $6.73 billion, a PE ratio of 193.40, a P/E/G ratio of 8.28 and a beta of 0.91. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $40.78.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.09. Chewy had a net margin of 0.33% and a return on equity of 11.69%. The business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.79 billion. As a group, equities analysts anticipate that Chewy, Inc. will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Chewy

Several institutional investors and hedge funds have recently bought and sold shares of CHWY. CenterBook Partners LP bought a new position in shares of Chewy during the 3rd quarter worth $573,000. Rafferty Asset Management LLC increased its stake in shares of Chewy by 29.9% in the third quarter. Rafferty Asset Management LLC now owns 19,677 shares of the company’s stock worth $359,000 after purchasing an additional 4,524 shares in the last quarter. Platinum Investment Management Ltd. bought a new stake in shares of Chewy in the third quarter valued at approximately $1,230,000. Victory Capital Management Inc. lifted its stake in shares of Chewy by 364.2% during the 3rd quarter. Victory Capital Management Inc. now owns 57,662 shares of the company’s stock valued at $1,053,000 after buying an additional 45,240 shares in the last quarter. Finally, Marathon Trading Investment Management LLC bought a new position in Chewy in the 3rd quarter worth approximately $1,076,000. 93.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. cut their target price on Chewy from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, March 21st. Citigroup lowered their price objective on shares of Chewy from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday. The Goldman Sachs Group cut their target price on shares of Chewy from $36.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Mizuho began coverage on shares of Chewy in a report on Tuesday, March 19th. They set a “neutral” rating and a $18.00 price objective on the stock. Finally, Jefferies Financial Group reduced their target price on Chewy from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.83.

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.