Chewy, Inc. (NYSE:CHWY – Get Free Report) 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 value of $121,247.28. Following the completion of the sale, the chief technology officer now directly owns 569,594 shares in the company, valued at approximately $8,612,261.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Chewy Stock Performance
NYSE CHWY opened at $15.44 on Thursday. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 193.02, a PEG ratio of 8.28 and a beta of 0.91. Chewy, Inc. has a one year low of $14.69 and a one year high of $40.78. The company’s 50 day moving average price is $16.57 and its 200 day moving average price is $18.50.
Chewy (NYSE:CHWY – Get Free Report) last issued its earnings results on Wednesday, March 20th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.79 billion. Sell-side analysts forecast that Chewy, Inc. will post 0.08 EPS for the current fiscal year.
Institutional Investors Weigh In On Chewy
Wall Street Analyst Weigh In
Several research firms have weighed in on CHWY. Mizuho began coverage on Chewy in a report on Tuesday, March 19th. They issued a “neutral” rating and a $18.00 target price on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $28.00 price objective on shares of Chewy in a research note on Friday, March 15th. Royal Bank of Canada decreased their price objective on Chewy from $35.00 to $22.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of Chewy in a research note on Thursday, March 21st. Finally, Jefferies Financial Group decreased their price objective on Chewy from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.83.
Get Our Latest Stock Analysis on Chewy
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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