Dimensional Fund Advisors LP Has $18.56 Million Stock Holdings in Chewy, Inc. (NYSE:CHWY)

Dimensional Fund Advisors LP increased its stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 158.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 554,100 shares of the company's stock after purchasing an additional 340,016 shares during the period. Dimensional Fund Advisors LP owned 0.14% of Chewy worth $18,561,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Mutual of America Capital Management LLC acquired a new stake in Chewy during the fourth quarter worth approximately $2,915,000. Raymond James Financial Inc. acquired a new stake in Chewy during the fourth quarter worth approximately $69,789,000. Birch Hill Investment Advisors LLC acquired a new position in shares of Chewy in the 4th quarter valued at $1,174,000. Money Concepts Capital Corp purchased a new stake in shares of Chewy during the 4th quarter valued at $225,000. Finally, Vanguard Group Inc. grew its stake in shares of Chewy by 31.8% during the 4th quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company's stock valued at $485,093,000 after buying an additional 3,493,926 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CHWY. Argus raised shares of Chewy from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. Wedbush reissued an "outperform" rating and set a $39.00 price objective on shares of Chewy in a research note on Thursday, March 27th. The Goldman Sachs Group boosted their price objective on shares of Chewy from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Royal Bank of Canada reissued an "outperform" rating and issued a $42.00 target price on shares of Chewy in a research note on Thursday, March 27th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Chewy in a research note on Thursday, March 27th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $38.47.

Chewy Trading Up 0.5%

CHWY traded up $0.19 on Tuesday, hitting $39.67. 2,215,427 shares of the stock traded hands, compared to its average volume of 5,672,321. Chewy, Inc. has a 52 week low of $15.78 and a 52 week high of $40.38. The firm has a market capitalization of $16.41 billion, a PE ratio of 43.59, a P/E/G ratio of 2.21 and a beta of 1.69. The business has a fifty day moving average price of $34.47 and a two-hundred day moving average price of $34.54.

Chewy (NYSE:CHWY - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.25. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the previous year, the company posted $0.07 earnings per share. The company's quarterly revenue was up 15.0% compared to the same quarter last year. On average, equities research analysts forecast that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Insider Activity

In other news, CTO Satish Mehta sold 71,365 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $35.60, for a total value of $2,540,594.00. Following the transaction, the chief technology officer now directly owns 262,853 shares of the company's stock, valued at $9,357,566.80. The trade was a 21.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Reeder sold 7,863 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $36.50, for a total value of $286,999.50. Following the completion of the transaction, the chief financial officer now directly owns 11,582 shares in the company, valued at $422,743. The trade was a 40.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 108,605 shares of company stock worth $3,872,220. Company insiders own 2.10% of the company's stock.

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.