Chewy, Inc. (NYSE:CHWY – Get Free Report) CEO Sumit Singh sold 14,338 shares of Chewy stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $22.24, for a total transaction of $318,877.12. Following the completion of the sale, the chief executive officer now owns 1,398,271 shares in the company, valued at approximately $31,097,547.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Chewy Stock Performance
Shares of CHWY traded up $0.48 during trading hours on Tuesday, hitting $22.84. The company had a trading volume of 4,323,966 shares, compared to its average volume of 10,067,577. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $39.10. The firm has a fifty day moving average price of $24.53 and a 200-day moving average price of $19.57. The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of 128.00, a P/E/G ratio of 3.48 and a beta of 1.03.
Chewy (NYSE:CHWY – Get Free Report) last issued its earnings results on Wednesday, May 29th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. Chewy had a return on equity of 16.62% and a net margin of 0.73%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.85 billion. Research analysts anticipate that Chewy, Inc. will post 0.23 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on CHWY
Hedge Funds Weigh In On Chewy
Hedge funds have recently bought and sold shares of the business. 1620 Investment Advisors Inc. purchased a new position in Chewy in the 2nd quarter worth about $33,000. Industrial Alliance Investment Management Inc. purchased a new position in Chewy in the 2nd quarter worth about $44,000. First Horizon Advisors Inc. purchased a new position in Chewy in the 2nd quarter worth about $48,000. Skylands Capital LLC purchased a new position in Chewy in the 2nd quarter worth about $52,000. Finally, Quest Partners LLC bought a new stake in shares of Chewy during the 4th quarter valued at about $65,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.
Chewy Company Profile
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.
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