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

Posted by Paula Ricardo on Feb 8th, 2025

Chewy, Inc. (NYSE:CHWY – Get Free Report) CEO Sumit Singh sold 57,432 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $37.90, for a total value of $2,176,672.80. Following the sale, the chief executive officer now owns 877,704 shares in the company, valued at approximately $33,264,981.60. This represents a 6.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

On Thursday, January 30th, Sumit Singh sold 9,285 shares of Chewy stock. The shares were 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 stock was 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 shares were 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 stock was 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 shares were 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 stock was sold at an average price of $34.52, for a total transaction of $19,742,091.56.
On Tuesday, December 24th, Sumit Singh sold 71,161 shares of Chewy stock. The shares were 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 stock was sold at an average price of $32.50, for a total transaction of $2,312,732.50.

Chewy Stock Performance

Shares of CHWY stock opened at $37.17 on Friday. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $40.09. The firm has a market cap of $15.13 billion, a P/E ratio of 40.84, a P/E/G ratio of 4.36 and a beta of 1.10. The business’s 50 day moving average price is $35.36 and its 200-day moving average price is $30.83.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on CHWY shares. Royal Bank of Canada upped their target price on shares of Chewy from $39.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. JMP Securities reiterated a “market outperform” rating and issued a $37.00 price objective on shares of Chewy in a report on Monday, December 16th. Wolfe Research raised Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. Robert W. Baird upped their target price on Chewy from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Finally, BNP Paribas downgraded shares of Chewy from an “outperform” rating to a “neutral” rating in a research note on Thursday, December 5th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Chewy currently has an average rating of “Moderate Buy” and an average target price of $36.80.

View Our Latest Report on Chewy

Hedge Funds Weigh In On Chewy

Several hedge funds and other institutional investors have recently modified their holdings of CHWY. Fifth Third Bancorp lifted its holdings in Chewy by 83.0% in the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after buying an additional 444 shares during the period. Blue Trust Inc. lifted its stake in shares of Chewy by 183.6% in the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after purchasing an additional 905 shares during the period. Planning Capital Management Corp bought a new stake in shares of Chewy during the third quarter valued at approximately $52,000. Future Financial Wealth Managment LLC purchased a new stake in Chewy in the third quarter worth $62,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Chewy in the third quarter worth $63,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Chewy Company Profile

(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.