Zuckerman Investment Group LLC Trims Stock Holdings in Chewy, Inc. (NYSE:CHWY)

Zuckerman Investment Group LLC reduced its position in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 532,114 shares of the company's stock after selling 10,553 shares during the quarter. Chewy comprises about 1.7% of Zuckerman Investment Group LLC's portfolio, making the stock its 24th biggest position. Zuckerman Investment Group LLC owned approximately 0.13% of Chewy worth $17,820,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CHWY. Advisory Services Network LLC bought a new position in Chewy during the 4th quarter valued at $472,000. Greenland Capital Management LP purchased a new position in shares of Chewy during the 4th quarter valued at $490,000. Legal & General Group Plc lifted its holdings in Chewy by 49.5% during the fourth quarter. Legal & General Group Plc now owns 231,978 shares of the company's stock valued at $7,769,000 after purchasing an additional 76,836 shares during the last quarter. Invesco Ltd. raised its position in shares of Chewy by 4,577.5% in the fourth quarter. Invesco Ltd. now owns 2,191,146 shares of the company's stock valued at $73,381,000 after purchasing an additional 2,144,302 shares during the period. Finally, Cerity Partners LLC grew its stake in Chewy by 12.4% in the 4th quarter. Cerity Partners LLC now owns 17,230 shares of the company's stock valued at $550,000 after buying an additional 1,906 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company's stock.

Insider Activity

In other Chewy news, CTO Satish Mehta sold 71,365 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $35.60, for a total transaction of $2,540,594.00. Following the completion of the transaction, the chief technology officer now owns 262,853 shares of the company's stock, valued at $9,357,566.80. This trade represents a 21.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sumit Singh sold 114,130 shares of the company's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $37.70, for a total value of $4,302,701.00. Following the transaction, the chief executive officer now owns 529,809 shares in the company, valued at $19,973,799.30. This trade represents a 17.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 669,433 shares of company stock worth $25,205,364 over the last three months. Insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reiterated an "outperform" rating and set a $42.00 price target on shares of Chewy in a research report on Thursday, March 27th. Wedbush reiterated an "outperform" rating and set a $39.00 price target on shares of Chewy in a research report on Thursday, March 27th. Wolfe Research raised shares of Chewy from a "peer perform" rating to an "outperform" rating in a research note on Friday, January 3rd. Mizuho increased their price target on shares of Chewy from $42.00 to $43.00 and gave the stock an "outperform" rating in a report on Thursday, March 27th. Finally, Morgan Stanley raised their price target on Chewy from $38.00 to $40.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, Chewy has an average rating of "Moderate Buy" and a consensus price target of $38.58.

Chewy Trading Up 1.1 %

CHWY traded up $0.38 during midday trading on Tuesday, hitting $34.63. 2,493,567 shares of the company were exchanged, compared to its average volume of 5,609,141. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $40.09. The firm has a market capitalization of $14.32 billion, a price-to-earnings ratio of 38.05, a price-to-earnings-growth ratio of 2.21 and a beta of 1.68. The company's 50 day simple moving average is $34.46 and its 200 day simple moving average is $33.41.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 earnings per share for the quarter, beating 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 company had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.20 billion. During the same quarter in the previous year, the company earned $0.07 earnings per share. The firm's revenue for the quarter was up 15.0% on a year-over-year basis. On average, equities analysts anticipate that Chewy, Inc. will post 0.24 EPS for the current 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.