Motley Fool Asset Management LLC Buys Shares of 6,013 Chewy, Inc. (NYSE:CHWY)

Motley Fool Asset Management LLC purchased a new position in Chewy, Inc. (NYSE:CHWY) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 6,013 shares of the company’s stock, valued at approximately $201,000.

Several other large investors have also recently made changes to their positions in CHWY. Fifth Third Bancorp boosted its stake in Chewy by 83.0% during the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after purchasing an additional 444 shares during the last quarter. Blue Trust Inc. boosted its position in Chewy by 22.9% during the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock worth $58,000 after acquiring an additional 320 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Chewy during the 3rd quarter valued at about $63,000. Allworth Financial LP raised its holdings in Chewy by 52.0% in the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock valued at $71,000 after acquiring an additional 650 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in Chewy in the 4th quarter worth approximately $86,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CHWY. Citigroup upped their price target on Chewy from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, March 27th. Evercore ISI upgraded Chewy from an “in-line” rating to an “outperform” rating and upped their target price for the company from $34.00 to $47.00 in a report on Monday, January 13th. Mizuho lifted their price target on Chewy from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, March 27th. Argus raised shares of Chewy from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $42.00 target price on shares of Chewy in a research note on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.68.

Chewy Stock Performance

Shares of CHWY stock opened at $31.48 on Friday. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $40.09. The company has a 50 day moving average price of $35.43 and a 200 day moving average price of $33.25. The stock has a market capitalization of $12.82 billion, a P/E ratio of 34.59, a price-to-earnings-growth ratio of 2.21 and a beta of 1.68.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.25. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.20 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 earnings per share. On average, research analysts forecast that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $35.77, for a total value of $250,390,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sumit Singh sold 63,187 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $37.62, for a total transaction of $2,377,094.94. Following the transaction, the chief executive officer now owns 643,939 shares of the company’s stock, valued at approximately $24,224,985.18. The trade was a 8.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,900,725 shares of company stock worth $284,078,033. 2.10% of the stock is currently owned by company insiders.

Chewy 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.