Thames Capital Management LLC Has $4.81 Million Stock Holdings in Chewy, Inc. (NYSE:CHWY)

Thames Capital Management LLC grew its stake in shares of Chewy, Inc. (NYSE:CHWY) by 42.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 143,715 shares of the company’s stock after purchasing an additional 43,030 shares during the period. Chewy makes up 1.3% of Thames Capital Management LLC’s investment portfolio, making the stock its 29th biggest holding. Thames Capital Management LLC’s holdings in Chewy were worth $4,813,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mutual of America Capital Management LLC acquired a new stake in Chewy in the fourth quarter valued at approximately $2,915,000. Raymond James Financial Inc. acquired a new stake in Chewy in the 4th quarter valued at $69,789,000. Geode Capital Management LLC increased its stake in Chewy by 8.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,550,844 shares of the company’s stock valued at $45,443,000 after purchasing an additional 119,633 shares in the last quarter. Birch Hill Investment Advisors LLC acquired a new position in Chewy during the fourth quarter worth $1,174,000. Finally, Money Concepts Capital Corp bought a new position in shares of Chewy in the fourth quarter valued at $225,000. Institutional investors own 93.09% of the company’s stock.

Insider Activity at Chewy

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $35.77, for a total transaction of $250,390,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sumit Singh sold 8,552 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $33.35, for a total value of $285,209.20. Following the completion of the transaction, the chief executive officer now directly owns 62,096 shares of the company’s stock, valued at $2,070,901.60. The trade was a 12.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,900,725 shares of company stock worth $284,078,033. 2.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CHWY. Citigroup upped their target price on shares of Chewy from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Morgan Stanley raised their target price on Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Wedbush reiterated an “outperform” rating and set a $39.00 price target on shares of Chewy in a report on Thursday, March 27th. Argus upgraded Chewy from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Evercore ISI upgraded shares of Chewy from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $34.00 to $47.00 in a research note on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.68.

Chewy Price Performance

Shares of CHWY opened at $31.48 on Friday. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $40.09. The stock’s fifty day moving average price is $35.43 and its two-hundred day moving average price is $33.26. The firm has a market cap of $12.82 billion, a PE ratio of 34.59, a PEG ratio of 2.21 and a beta of 1.68.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.25. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 EPS. Sell-side analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

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.