Versor Investments LP Acquires Shares of 33,300 Chewy, Inc. (NYSE:CHWY)

Versor Investments LP acquired a new stake in Chewy, Inc. (NYSE:CHWY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 33,300 shares of the company’s stock, valued at approximately $1,115,000.

A number of other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of Chewy by 183.6% during the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after buying an additional 905 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Chewy during the third quarter valued at about $12,140,000. Pinnacle Associates Ltd. increased its position in shares of Chewy by 36.7% during the third quarter. Pinnacle Associates Ltd. now owns 49,163 shares of the company’s stock valued at $1,440,000 after buying an additional 13,200 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Chewy by 281.7% during the third quarter. Janney Montgomery Scott LLC now owns 38,398 shares of the company’s stock valued at $1,125,000 after buying an additional 28,337 shares during the period. Finally, Radnor Capital Management LLC bought a new stake in Chewy during the third quarter worth about $442,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Insider Buying and Selling at Chewy

In other Chewy news, CFO David Reeder sold 307,558 shares of Chewy stock in a transaction on Friday, February 7th. The shares were sold at an average price of $37.48, for a total value of $11,527,273.84. Following the sale, the chief financial officer now directly owns 546,257 shares in the company, valued at approximately $20,473,712.36. The trade was a 36.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of Chewy stock in a transaction on Friday, December 13th. The shares were sold at an average price of $31.32, for a total transaction of $620,989,219.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,561,427 shares of company stock worth $933,874,848. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on CHWY shares. JMP Securities reissued a “market outperform” rating and set a $37.00 price objective on shares of Chewy in a research note on Monday, December 16th. Guggenheim set a $42.00 target price on shares of Chewy and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research note on Thursday, December 5th. JPMorgan Chase & Co. increased their price objective on shares of Chewy from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, Citigroup upgraded shares of Chewy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $28.00 to $40.00 in a research report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.30.

Chewy Price Performance

Shares of CHWY stock opened at $36.16 on Friday. The company has a market capitalization of $14.72 billion, a price-to-earnings ratio of 39.73, a PEG ratio of 2.21 and a beta of 1.10. Chewy, Inc. has a one year low of $14.69 and a one year high of $40.09. The company’s fifty day moving average price is $36.64 and its 200-day moving average price is $32.17.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.05 by $0.15. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.86 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm earned ($0.08) EPS. Equities research analysts expect that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

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.