Chewy (NYSE:CHWY) Stock: Insider Sumit Singh Sells 23,002 Shares

Chewy (NYSE:CHWY) CEO Sumit Singh sold 23,002 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $21.40, for a total value of $492,242.80. Following the completion of the sale, the chief executive officer directly owned 899,118 shares of the company’s stock, valued at $19,241,125.20. The trade was a 2.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, November 2nd, Sumit Singh sold 3,228 shares of Chewy stock. The shares were sold at an average price of $21.40, for a total value of $69,079.20.

Chewy Price Performance

CHWY stock opened at $23.02 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.42 and a current ratio of 0.84. Chewy has a 1 year low of $17.40 and a 1 year high of $37.34. The firm has a market cap of $9.25 billion, a P/E ratio of 34.87, a price-to-earnings-growth ratio of 0.97 and a beta of 1.33. The stock has a 50-day simple moving average of $20.82 and a 200-day simple moving average of $23.15.

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

Hedge Funds Weigh In On Chewy

Institutional investors have recently made changes to their positions in the business. Maryland State Retirement & Pension System lifted its holdings in Chewy by 28.5% during the 3rd quarter. Maryland State Retirement & Pension System now owns 13,465 shares of the company’s stock worth $245,000 after buying an additional 2,986 shares during the last quarter. Advisor Resource Council grew its position in shares of Chewy by 8.4% in the 3rd quarter. Advisor Resource Council now owns 14,764 shares of the company’s stock worth $269,000 after acquiring an additional 1,150 shares in the last quarter. Davis Investment Partners LLC acquired a new position in shares of Chewy in the 3rd quarter worth approximately $315,000. Van Berkom & Associates Inc. bought a new stake in shares of Chewy in the 3rd quarter valued at approximately $52,181,000. Finally, Pictet Asset Management Holding SA increased its holdings in shares of Chewy by 6.3% in the 3rd quarter. Pictet Asset Management Holding SA now owns 36,327 shares of the company’s stock valued at $661,000 after acquiring an additional 2,150 shares during the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Chewy

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CHWY shares. Weiss Ratings upgraded shares of Chewy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, September 28th. Citigroup reaffirmed a “market outperform” rating on shares of Chewy in a research note on Thursday, September 10th. The Goldman Sachs Group cut their price objective on shares of Chewy from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, September 11th. Mizuho cut their price objective on shares of Chewy from $32.00 to $28.00 and set an “outperform” rating on the stock in a report on Tuesday, September 29th. Finally, Morgan Stanley decreased their price objective on shares of Chewy from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.45.

About Chewy

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.