Chewy, Inc. (NYSE:CHWY) CEO Sumit Singh Sells 57,432 Shares

Posted by Tristan Rich on Feb 10th, 2025

Chewy, Inc. (NYSE:CHWY – Get Free Report) CEO Sumit Singh sold 57,432 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $37.90, for a total value of $2,176,672.80. Following the transaction, the chief executive officer now owns 877,704 shares in the company, valued at $33,264,981.60. This trade represents a 6.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sumit Singh also recently made the following trade(s):

On Thursday, January 30th, Sumit Singh sold 9,285 shares of Chewy stock. The stock was sold at an average price of $40.00, for a total transaction of $371,400.00.
On Wednesday, January 22nd, Sumit Singh sold 13,472 shares of Chewy stock. The shares were sold at an average price of $37.55, for a total transaction of $505,873.60.
On Friday, January 17th, Sumit Singh sold 4,000 shares of Chewy stock. The stock was sold at an average price of $37.52, for a total transaction of $150,080.00.
On Wednesday, January 15th, Sumit Singh sold 114,130 shares of Chewy stock. The shares were sold at an average price of $37.70, for a total value of $4,302,701.00.
On Monday, January 6th, Sumit Singh sold 63,187 shares of Chewy stock. The stock was sold at an average price of $37.62, for a total value of $2,377,094.94.
On Friday, January 3rd, Sumit Singh sold 191,096 shares of Chewy stock. The stock was sold at an average price of $35.68, for a total value of $6,818,305.28.
On Thursday, December 26th, Sumit Singh sold 571,903 shares of Chewy stock. The shares were sold at an average price of $34.52, for a total value of $19,742,091.56.
On Tuesday, December 24th, Sumit Singh sold 71,161 shares of Chewy stock. The stock was sold at an average price of $35.00, for a total transaction of $2,490,635.00.
On Thursday, December 19th, Sumit Singh sold 71,161 shares of Chewy stock. The shares were sold at an average price of $32.50, for a total transaction of $2,312,732.50.

Chewy Stock Performance

Shares of NYSE:CHWY opened at $37.17 on Monday. The company has a market capitalization of $15.13 billion, a PE ratio of 40.84, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. The stock has a fifty day moving average of $35.43 and a 200-day moving average of $30.96. Chewy, Inc. has a one year low of $14.69 and a one year high of $40.09.

Chewy (NYSE:CHWY – Get Free Report) last announced its earnings results on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.05 by $0.15. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.86 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. Chewy’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) earnings per share. As a group, research analysts forecast that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp boosted its stake in Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after purchasing an additional 444 shares during the period. Blue Trust Inc. lifted its holdings in shares of Chewy by 183.6% in the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after purchasing an additional 905 shares in the last quarter. Planning Capital Management Corp acquired a new stake in shares of Chewy in the third quarter worth $52,000. Allworth Financial LP grew its holdings in shares of Chewy by 52.0% during the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock valued at $71,000 after buying an additional 650 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new stake in Chewy in the 3rd quarter worth about $62,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CHWY shares. Robert W. Baird upped their target price on shares of Chewy from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Wedbush restated an “outperform” rating and issued a $39.00 target price (up from $35.00) on shares of Chewy in a research report on Thursday, December 5th. Morgan Stanley boosted their price target on Chewy from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their price target on Chewy from $24.00 to $28.00 and gave the company a “hold” rating in a report on Friday, November 22nd. Finally, Citigroup raised shares of Chewy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $28.00 to $40.00 in a report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Chewy currently has an average rating of “Moderate Buy” and a consensus price target of $36.80.

View Our Latest Report on CHWY

About Chewy

(Get Free Report)

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.