Chewy (NYSE:CHWY) General Counsel Da-Wai Hu Sells 8,149 Shares

Chewy (NYSE:CHWY) General Counsel Da-Wai Hu sold 8,149 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total transaction of $219,289.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Chewy Stock Performance

Shares of CHWY stock opened at $26.52 on Tuesday. Chewy has a 52-week low of $22.74 and a 52-week high of $48.62. The stock has a market cap of $11.05 billion, a PE ratio of 51.00, a PEG ratio of 1.66 and a beta of 1.61. The firm’s 50 day moving average price is $26.23 and its two-hundred day moving average price is $31.66.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, March 25th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.19). Chewy had a net margin of 1.77% and a return on equity of 53.48%. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the previous year, the business posted $0.28 earnings per share. Chewy’s revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts predict that Chewy will post 0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chewy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quent Capital LLC bought a new stake in Chewy during the 3rd quarter worth about $27,000. CoreCap Advisors LLC lifted its position in Chewy by 306.3% during the 4th quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock worth $28,000 after buying an additional 637 shares in the last quarter. Harbour Investments Inc. lifted its position in Chewy by 81.4% during the 4th quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock worth $30,000 after buying an additional 407 shares in the last quarter. Osterweis Capital Management Inc. bought a new stake in Chewy during the 2nd quarter worth about $30,000. Finally, Los Angeles Capital Management LLC bought a new stake in Chewy during the 4th quarter worth about $31,000. 93.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CHWY has been the topic of a number of recent analyst reports. UBS Group reduced their target price on Chewy from $42.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. The Goldman Sachs Group reduced their target price on Chewy from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. Wall Street Zen upgraded Chewy from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. JPMorgan Chase & Co. reduced their target price on Chewy from $46.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. Finally, Wolfe Research set a $44.00 price target on shares of Chewy in a research report on Monday, January 5th. Eighteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.91.

Chewy Company Profile

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.