Chewy Inc (NYSE:CHWY) CFO Mario Jesus Marte sold 32,037 shares of the company’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $48.62, for a total transaction of $1,557,638.94. Following the sale, the chief financial officer now owns 161,148 shares of the company’s stock, valued at $7,835,015.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Mario Jesus Marte also recently made the following trade(s):

  • On Wednesday, July 1st, Mario Jesus Marte sold 32,037 shares of Chewy stock. The shares were sold at an average price of $45.81, for a total transaction of $1,467,614.97.
  • On Wednesday, June 24th, Mario Jesus Marte sold 15,000 shares of Chewy stock. The stock was sold at an average price of $49.93, for a total transaction of $748,950.00.
  • On Wednesday, June 17th, Mario Jesus Marte sold 73,991 shares of Chewy stock. The stock was sold at an average price of $47.66, for a total transaction of $3,526,411.06.
  • On Monday, June 15th, Mario Jesus Marte sold 34,288 shares of Chewy stock. The stock was sold at an average price of $47.64, for a total transaction of $1,633,480.32.

CHWY opened at $45.96 on Friday. The company’s 50-day simple moving average is $48.22 and its two-hundred day simple moving average is $37.89. Chewy Inc has a 52-week low of $20.62 and a 52-week high of $52.77.

Chewy (NYSE:CHWY) last posted its earnings results on Tuesday, June 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.01). The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.53 billion. The business’s revenue for the quarter was up 46.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.08) EPS. As a group, analysts expect that Chewy Inc will post -0.45 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Liberty One Investment Management LLC bought a new position in Chewy during the 2nd quarter valued at about $27,000. US Bancorp DE lifted its stake in Chewy by 15.4% during the 1st quarter. US Bancorp DE now owns 4,908 shares of the company’s stock valued at $184,000 after acquiring an additional 654 shares during the period. PNC Financial Services Group Inc. lifted its stake in Chewy by 805.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 815 shares of the company’s stock valued at $31,000 after acquiring an additional 725 shares during the period. Salomon & Ludwin LLC bought a new position in Chewy during the 1st quarter valued at about $29,000. Finally, Ameritas Investment Company LLC bought a new position in shares of Chewy in the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 99.42% of the company’s stock.

CHWY has been the subject of several research reports. Zacks Investment Research upgraded shares of Chewy from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Thursday, June 11th. Cleveland Research started coverage on shares of Chewy in a research report on Wednesday, July 15th. They issued a “buy” rating and a $60.00 target price on the stock. JPMorgan Chase & Co. upped their target price on shares of Chewy from $43.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Wedbush reaffirmed a “buy” rating on shares of Chewy in a research report on Wednesday, June 10th. Finally, Morgan Stanley upped their target price on shares of Chewy from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Monday, June 22nd. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $53.93.

About Chewy

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food, pet products, pet medications, and other pet health products for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications.

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