Chewy (NYSE:CHWY) Shares Break Below 200-Day Moving Average After Insider Selling

Chewy (NYSE:CHWY) crossed below its two hundred day moving average during trading on Thursday after an insider sold shares in the company. The stock has a two hundred day moving average of $23.15 and traded as low as $22.28. Chewy shares last traded at $23.0150, with a volume of 9,461,753 shares traded.

Specifically, CAO William G. Billings sold 4,815 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $23.00, for a total transaction of $110,745.00. Following the sale, the chief accounting officer owned 36,595 shares of the company’s stock, valued at approximately $841,685. This trade represents a 11.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sumit Singh sold 3,228 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $21.40, for a total value of $69,079.20. Following the sale, the chief executive officer owned 127,481 shares of the company’s stock, valued at approximately $2,728,093.40. The trade was a 2.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In related news, CEO Sumit Singh sold 23,002 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $21.40, for a total value of $492,242.80. Following the completion of the transaction, the chief executive officer directly owned 899,118 shares of the company’s stock, valued at $19,241,125.20. This represents a 2.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CHWY shares. Citigroup reiterated a “market outperform” rating on shares of Chewy in a research note on Thursday, September 10th. Royal Bank Of Canada reduced their price objective on shares of Chewy from $34.00 to $31.00 and set an “outperform” rating for the company in a research report on Thursday, September 10th. TD Cowen reduced their price objective on shares of Chewy from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, September 10th. Needham & Company LLC restated a “hold” rating on shares of Chewy in a report on Thursday, September 10th. Finally, Mizuho dropped their target price on shares of Chewy from $32.00 to $28.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.45.

Key Headlines Impacting Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Chewy launched its Spirited Paw pet-supplement line, which may broaden its pet-health offering and support growth in that category. Article: Chewy Stock Gets A Pet Supplements Boost With Spirited Paw Launch
• Positive Sentiment: Holiday-themed promotions could help Chewy attract seasonal shopping and engagement, though the article provides no sales figures. Article: Move Over, Santa—Chewy Claus Is Here to Spoil Your Pets This Holiday Season
• Neutral Sentiment: A comparison of Chewy and GameStop highlighted Chewy’s pet-health services and subscription-based revenue model as parts of its investment case, but offered no new company-specific results. Article: Chewy vs. GameStop: Which Consumer Stock Is a Better Buy for 2027?
• Negative Sentiment: CEO Sumit Singh sold 23,002 shares and Chief Accounting Officer William Billings sold 4,815 shares. The sales may weigh on sentiment, although both were made under pre-arranged Rule 10b5-1 plans; Singh retained a substantial stake. Article: Chewy CEO Sells Stock

Chewy Stock Down 1.6%

The business has a 50 day moving average of $20.82 and a 200-day moving average of $23.15. The stock has a market cap of $9.25 billion, a PE ratio of 34.87, a P/E/G ratio of 0.97 and a beta of 1.33. The company has a current ratio of 0.84, a quick ratio of 0.42 and a debt-to-equity ratio of 1.59.

Chewy (NYSE:CHWY) last released its quarterly earnings results on Wednesday, September 9th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.18 by $0.18. Chewy had a return on equity of 60.88% and a net margin of 2.09%. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts predict that Chewy will post 0.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Chewy

A number of institutional investors have recently modified their holdings of CHWY. Handelsbanken Fonder AB boosted its stake in Chewy by 0.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 82,700 shares of the company’s stock worth $1,625,000 after purchasing an additional 500 shares during the period. IFP Advisors Inc grew its position in Chewy by 4.0% during the 2nd quarter. IFP Advisors Inc now owns 13,307 shares of the company’s stock worth $261,000 after purchasing an additional 509 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Chewy by 8.3% in the first quarter. Geneos Wealth Management Inc. now owns 7,302 shares of the company’s stock valued at $197,000 after purchasing an additional 560 shares during the period. 180 Wealth Advisors LLC increased its stake in Chewy by 7.7% in the second quarter. 180 Wealth Advisors LLC now owns 10,764 shares of the company’s stock valued at $212,000 after purchasing an additional 765 shares during the period. Finally, Parallel Advisors LLC increased its stake in Chewy by 106.8% in the first quarter. Parallel Advisors LLC now owns 1,584 shares of the company’s stock valued at $43,000 after purchasing an additional 818 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.

About Chewy

Chewy, Inc is an e-commerce company focused on pet products and services. Through its website and mobile platforms, the company sells pet food, treats, toys, supplies, and accessories for dogs, cats, fish, birds, reptiles, and other household pets.

Chewy also offers pet medications and veterinary-related products through its online pharmacy, as well as services such as Autoship subscriptions, which allow customers to schedule recurring deliveries. Its assortment includes national brands and private-label products, and the company emphasizes customer service, convenience, and personalized recommendations.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated as an online pet-food retailer before expanding into a broader pet-commerce platform.