Chewy (NYSE:CHWY) Stock Price Breaks Below Two Hundred Day Moving Average After Insider Selling

Chewy (NYSE:CHWY)’s stock price crossed below its 200-day moving average during trading on Thursday after an insider sold shares in the company. The stock has a 200-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 trading hands.

Specifically, CAO William G. Billings sold 4,815 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $23.00, for a total transaction of $110,745.00. Following the completion of the sale, the chief accounting officer owned 36,595 shares of the company’s stock, valued at approximately $841,685. This 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 stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $21.40, for a total transaction of $69,079.20. Following the completion of 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other Chewy news, CEO Sumit Singh sold 23,002 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $21.40, for a total value of $492,242.80. Following the transaction, the chief executive officer directly owned 899,118 shares of the company’s stock, valued at $19,241,125.20. This trade represents a 2.49% decrease in their position. The transaction 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.

Analysts Set New Price Targets

CHWY has been the subject of a number of analyst reports. Citizens Jmp restated a “market outperform” rating and issued a $28.00 price target on shares of Chewy in a research report on Thursday, September 10th. Zacks Research raised Chewy from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Piper Sandler reiterated an “overweight” rating on shares of Chewy in a research report on Friday, August 21st. Morgan Stanley lowered their price objective on Chewy from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Thursday, September 10th. Finally, Raymond James Financial boosted their price objective on Chewy from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Chewy currently has an average rating of “Moderate Buy” and a consensus price target of $30.45.

Chewy News Summary

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 Performance

The firm’s 50 day moving average price is $20.82 and its two-hundred day moving average price is $23.15. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.42 and a current ratio of 0.84. The firm has a market cap of $9.25 billion, a PE ratio of 34.87, a PEG ratio of 0.97 and a beta of 1.33.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CHWY. Van Berkom & Associates Inc. acquired a new position in shares of Chewy during the third quarter worth $52,181,000. Amundi increased its holdings in Chewy by 191.8% in the first quarter. Amundi now owns 1,466,126 shares of the company’s stock valued at $39,584,000 after buying an additional 963,750 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Chewy by 49.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,739,267 shares of the company’s stock valued at $46,942,000 after buying an additional 578,801 shares in the last quarter. Bank of America Corp DE raised its stake in Chewy by 12.7% in the first quarter. Bank of America Corp DE now owns 4,816,924 shares of the company’s stock valued at $130,057,000 after buying an additional 542,298 shares in the last quarter. Finally, Senvest Management LLC acquired a new stake in Chewy in the first quarter valued at $11,070,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Chewy Company Profile

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.