Da-Wai Hu Sells 8,149 Shares of Chewy (NYSE:CHWY) Stock

Chewy (NYSE:CHWY) General Counsel Da-Wai Hu sold 8,149 shares of the business’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 legal filing with the SEC, which can be accessed through this hyperlink.

Chewy Trading Down 1.9%

NYSE CHWY traded down $0.52 during trading on Monday, reaching $26.36. The company’s stock had a trading volume of 3,557,816 shares, compared to its average volume of 8,298,458. The stock has a market capitalization of $10.98 billion, a PE ratio of 50.65, a PEG ratio of 1.66 and a beta of 1.61. Chewy has a 1-year low of $22.74 and a 1-year high of $48.62. The business has a 50-day moving average price of $26.33 and a 200-day moving average price of $31.75.

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

Institutional Trading of Chewy

Hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC raised its holdings in Chewy by 685.2% during the 4th quarter. Hsbc Holdings PLC now owns 89,204 shares of the company’s stock worth $2,956,000 after purchasing an additional 77,843 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Chewy by 17.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 14,054 shares of the company’s stock worth $464,000 after buying an additional 2,111 shares during the period. Corient Private Wealth LLC acquired a new stake in shares of Chewy during the 4th quarter worth approximately $333,000. Keenan LLC bought a new stake in shares of Chewy during the fourth quarter worth approximately $440,000. Finally, Wick Capital Partners LLC acquired a new position in Chewy in the fourth quarter valued at approximately $237,000. 93.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wolfe Research set a $44.00 price target on shares of Chewy in a research report on Monday, January 5th. Bank of America lowered their price objective on Chewy from $46.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Piper Sandler reissued an “overweight” rating on shares of Chewy in a report on Thursday, February 5th. Wall Street Zen upgraded Chewy from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a research note on Thursday, December 11th. Eighteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Chewy presently has a consensus 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.