Chewy (NYSE:CHWY) CTO Satish Mehta Sells 8,872 Shares of Stock

Chewy (NYSE:CHWY) CTO Satish Mehta sold 8,872 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $33.53, for a total transaction of $297,478.16. Following the sale, the chief technology officer directly owned 229,702 shares of the company’s stock, valued at $7,701,908.06. The trade was a 3.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Satish Mehta also recently made the following trade(s):

• On Tuesday, December 2nd, Satish Mehta sold 6,056 shares of Chewy stock. The stock was sold at an average price of $33.73, for a total transaction of $204,268.88.
• On Tuesday, November 4th, Satish Mehta sold 4,642 shares of Chewy stock. The stock was sold at an average price of $32.65, for a total transaction of $151,561.30.
• On Monday, November 3rd, Satish Mehta sold 3,288 shares of Chewy stock. The stock was sold at an average price of $32.72, for a total value of $107,583.36.

Chewy Trading Down 0.2%

NYSE:CHWY traded down $0.08 during trading hours on Friday, hitting $33.21. The company had a trading volume of 301,417 shares, compared to its average volume of 6,630,588. The company has a 50-day moving average of $35.58 and a 200 day moving average of $38.68. The company has a market cap of $13.78 billion, a P/E ratio of 95.11, a P/E/G ratio of 8.29 and a beta of 1.58. Chewy has a 1 year low of $29.83 and a 1 year high of $48.62.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, September 10th. The company reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33. Chewy had a net margin of 1.22% and a return on equity of 50.45%. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the previous year, the company posted $0.24 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. Chewy has set its Q3 2025 guidance at 0.280-0.330 EPS. On average, analysts forecast that Chewy will post 0.24 earnings per share for the current year.

Analyst Ratings Changes

CHWY has been the subject of a number of recent analyst reports. TD Cowen cut their price target on shares of Chewy from $50.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Piper Sandler reissued an “overweight” rating and set a $48.00 target price on shares of Chewy in a research note on Tuesday. Mizuho restated an “outperform” rating and issued a $50.00 target price on shares of Chewy in a research report on Tuesday, November 4th. JMP Securities reaffirmed a “market outperform” rating and issued a $48.00 price target on shares of Chewy in a research note on Thursday, September 11th. Finally, Citigroup reissued a “market outperform” rating on shares of Chewy in a research report on Monday, November 24th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.17.

Hedge Funds Weigh In On Chewy

Large investors have recently bought and sold shares of the business. Allworth Financial LP lifted its position in shares of Chewy by 220.2% during the 3rd quarter. Allworth Financial LP now owns 9,754 shares of the company’s stock worth $395,000 after buying an additional 6,708 shares during the last quarter. IFP Advisors Inc raised its stake in Chewy by 25.2% during the 3rd quarter. IFP Advisors Inc now owns 8,752 shares of the company’s stock worth $355,000 after acquiring an additional 1,759 shares in the last quarter. Swiss Life Asset Management Ltd lifted its position in Chewy by 77.4% in the third quarter. Swiss Life Asset Management Ltd now owns 10,036 shares of the company’s stock valued at $406,000 after acquiring an additional 4,378 shares during the last quarter. Strategic Advocates LLC purchased a new stake in Chewy in the third quarter valued at $43,000. Finally, CIBC Bancorp USA Inc. acquired a new position in Chewy in the third quarter valued at $226,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

About Chewy

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.