Stock Traders Buy Large Volume of Chewy Call Options (NYSE:CHWY)

On Monday, traders traded unusually high volumes of options. Traders bought 39,606 calls on the stock. This represents an increase of about 55% over the average daily call option volume of 25,531 options.

Analysts set new price targets

Several research analysts have recently published reports on CHWY's shares. Guggenheim reduced their target price for Chewy in a report published on April 20th from $50.00 down to $45.00. They also set a "buy" rating for the firm. Citigroup reduced their target price for Chewy in a report published on Monday, march 27th from $43.00 down to $36.00. The company was given a rating of 'neutral.' JMP Securities began covering Chewy on Tuesday, April 11, in a report. The company was given an 'outperform rating' and a target price of $50.00. UBS Group raised their price target on Chewy in a report published on Thursday, 1st June from $24.00 up to $26.00. Barclays raised their price target for Chewy in a report published on Thursday, 1st June from $33.00 up to $35.00. Seven analysts gave the stock a hold recommendation and thirteen others assigned a purchase rating. On Wednesday, 12th July, the company sold 14,720 of its shares. The stock was bought at a price of $38.95 on average, resulting in a transaction worth $573,344.00. After the sale was completed, the chief accountant now owned 239,555 of the company's shares, valued at $9.330.667.25. On Wednesday, 12th July, the company sold 14,720 of its shares. The stock was bought at an average of $38.95 for a total of $573,344.00. After the sale was completed, the chief accountant now owned 239,555 of the company's shares, valued at $9.330.667.25. On Wednesday, 14th June, the company sold 25,445 of its shares. The stock was bought at an average of $39.72 for a value of $1,010 675.40. After the sale, the chief technologist now owns directly 521,470 of the company's shares, valued at around $20,712,788.40. Over the past quarter, insiders have sold 288,544 company shares valued at $11,463,502. Insiders own 2.10%.

Chewy: Institutional Trading

Recently, hedge funds and institutional investors have made some changes to their holdings in the company. Quarry LP has increased its shares of Chewy from 120.2% to $120,000 during the first quarter. Quarry LP owns 874 of the company’s shares worth $33,000, after purchasing an additional 477 during the last quarter. Belpointe Asset Management LLC purchased a new Chewy stake valued at $33,000 in the fourth quarter. WASHINGTON TRUST Company acquired a new share in Chewy during the first quarter, valued at $37,000. Quintet Private Bank Europe S.A. purchased a new Chewy stake valued at $37,000 in the first quarter. CWM LLC also increased its stake in Chewy in the fourth quarter by 39.3%. CWM LLC owns 1,014 of the company’s shares valued at $38,000, after buying an additional 286 in the last quarter. Institutional investors and hedge fund currently own 97.52%.

Chewy Stock Performance

On Monday, the price of shares fell by $0.09 to $37.90. The trading volume was 11,559 505 shares versus its average of 4,152 593. Chewy's 1 year low is $29.10, and its 1 year high is $52.88. The fifty-day moving average of the company is $36.17, and its 200-day moving average is $35.08. The company's market cap is $16.20 billion. It has a P/E of 315.63, and a beta value of 0.87.

The company last announced its earnings on May 31st. The company posted $0.08 in earnings per share for the third quarter, exceeding analysts' expectations of ($0.04). Chewy's return on equity was 39.90%, and its net margin was 0.51%. The company had revenue of 2.78 billion dollars for the third quarter, which was higher than analyst expectations of $2.73. Analysts predict an average of -0.01 per share earnings for Chewy in the current year.

Chewy

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Chewy Inc., along with its subsidiaries, is engaged in a pure-play ecommerce business in the United States. It offers pet treats and food, pet supplies, pet medications and other pet health products as well pet services to dogs, cats and small pets.

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