Interval Partners LP Acquires New Holdings in Chewy, Inc. (NYSE:CHWY)

Interval Partners LP bought a new stake in Chewy, Inc. (NYSE:CHWY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 45,872 shares of the company's stock, valued at approximately $1,536,000.

A number of other large investors also recently bought and sold shares of the company. Banque Transatlantique SA acquired a new position in Chewy during the fourth quarter worth $30,000. Fifth Third Bancorp increased its position in Chewy by 83.0% during the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company's stock worth $33,000 after buying an additional 444 shares in the last quarter. Blue Trust Inc. raised its stake in Chewy by 22.9% in the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock valued at $58,000 after purchasing an additional 320 shares during the last quarter. Allworth Financial LP boosted its position in Chewy by 52.0% during the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company's stock worth $71,000 after acquiring an additional 650 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in Chewy in the fourth quarter valued at $86,000. Hedge funds and other institutional investors own 93.09% of the company's stock.

Chewy Stock Performance

Shares of NYSE:CHWY traded up $0.47 during trading on Thursday, hitting $41.46. The company's stock had a trading volume of 4,491,101 shares, compared to its average volume of 7,327,404. The company has a market capitalization of $17.15 billion, a PE ratio of 45.56, a PEG ratio of 2.21 and a beta of 1.69. Chewy, Inc. has a fifty-two week low of $15.78 and a fifty-two week high of $41.69. The stock's 50-day moving average price is $34.71 and its two-hundred day moving average price is $34.61.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings results 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. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the company earned $0.07 earnings per share. The business's quarterly revenue was up 15.0% compared to the same quarter last year. On average, equities analysts predict that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CHWY has been the subject of several research analyst reports. Citigroup upped their price target on shares of Chewy from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Mizuho upped their price objective on Chewy from $42.00 to $43.00 and gave the stock an "outperform" rating in a report on Thursday, March 27th. Morgan Stanley reduced their target price on Chewy from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Royal Bank of Canada restated an "outperform" rating and set a $42.00 price target on shares of Chewy in a research note on Thursday, March 27th. Finally, The Goldman Sachs Group boosted their target price on Chewy from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, Chewy has a consensus rating of "Moderate Buy" and an average target price of $38.47.

Insider Buying and Selling

In other Chewy news, CEO Sumit Singh sold 148,063 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $40.67, for a total value of $6,021,722.21. Following the sale, the chief executive officer now directly owns 705,252 shares in the company, valued at approximately $28,682,598.84. This trade represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David Reeder sold 7,863 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $36.50, for a total transaction of $286,999.50. Following the transaction, the chief financial officer now owns 11,582 shares of the company's stock, valued at $422,743. This represents a 40.44% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 307,411 shares of company stock worth $11,928,229. Corporate insiders own 2.10% of the company's stock.

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.