Chewy (NYSE:CHWY) Stock: Insider William Billings Sells 17,283 Shares

Chewy (NYSE:CHWY) CAO William Billings sold 17,283 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $21.00, for a total value of $362,943.00. Following the completion of the transaction, the chief accounting officer directly owned 39,772 shares in the company, valued at $835,212. The trade was a 30.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chewy Price Performance

Shares of NYSE CHWY opened at $20.96 on Friday. The firm has a market cap of $8.43 billion, a P/E ratio of 31.76, a price-to-earnings-growth ratio of 0.87 and a beta of 1.38. The business’s 50 day moving average is $21.23 and its 200-day moving average is $22.01. The company has a current ratio of 0.84, a quick ratio of 0.42 and a debt-to-equity ratio of 1.59. Chewy has a 1-year low of $17.40 and a 1-year high of $38.25.

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

Wall Street Analyst Weigh In

CHWY has been the subject of a number of recent research reports. Raymond James Financial boosted their target price on shares of Chewy from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. Needham & Company LLC restated a “hold” rating on shares of Chewy in a research note on Thursday, September 10th. UBS Group reaffirmed a “neutral” rating on shares of Chewy in a research report on Thursday, September 10th. Robert W. Baird lowered their price target on shares of Chewy from $30.00 to $28.00 and set an “outperform” rating on the stock in a research report on Thursday, September 10th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $24.00 price objective (down from $29.00) on shares of Chewy in a research note on Friday, September 11th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.45.

Institutional Investors Weigh In On Chewy

Several institutional investors have recently made changes to their positions in the stock. Handelsbanken Fonder AB increased its stake in Chewy by 0.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 82,700 shares of the company’s stock worth $1,625,000 after acquiring an additional 500 shares during the period. IFP Advisors Inc raised its holdings in Chewy by 4.0% in the 2nd quarter. IFP Advisors Inc now owns 13,307 shares of the company’s stock valued at $261,000 after acquiring an additional 509 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Chewy by 8.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,302 shares of the company’s stock valued at $197,000 after acquiring an additional 560 shares in the last quarter. 180 Wealth Advisors LLC lifted its position in shares of Chewy by 7.7% during the 2nd quarter. 180 Wealth Advisors LLC now owns 10,764 shares of the company’s stock valued at $212,000 after acquiring an additional 765 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of Chewy by 106.8% during the 1st quarter. Parallel Advisors LLC now owns 1,584 shares of the company’s stock valued at $43,000 after acquiring an additional 818 shares during the period. 93.09% of the stock is currently owned by institutional investors.

Chewy Company Profile

Chewy, Inc is an e-commerce company focused on pet products and services. Through its website and mobile application, the company sells food, treats, toys, supplies, accessories and other products for dogs, cats, fish, birds, reptiles and small pets.

The company also offers prescription and over-the-counter medications through Chewy Pharmacy, as well as pet health products and related services. Its Autoship program allows customers to schedule recurring deliveries of regularly purchased items, while customer support and other digital features are designed to support pet owners throughout the pet-care lifecycle.

Chewy was founded in 2011 by Ryan Cohen and Michael Day and was acquired by PetSmart in 2017.