Dimensional Fund Advisors LP Grows Holdings in Chewy, Inc. (NYSE:CHWY)

Dimensional Fund Advisors LP raised its holdings in Chewy, Inc. (NYSE:CHWY - Free Report) by 158.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 554,100 shares of the company's stock after acquiring an additional 340,016 shares during the quarter. Dimensional Fund Advisors LP owned about 0.14% of Chewy worth $18,561,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in Chewy by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company's stock valued at $661,000 after buying an additional 301 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Chewy by 22.9% during the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock worth $58,000 after purchasing an additional 320 shares during the period. Fifth Third Bancorp raised its position in shares of Chewy by 83.0% during the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company's stock valued at $33,000 after buying an additional 444 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Chewy by 8.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,650 shares of the company's stock valued at $189,000 after buying an additional 450 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its position in Chewy by 30.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,800 shares of the company's stock worth $94,000 after buying an additional 650 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

Insider Activity at Chewy

In other Chewy news, CTO Satish Mehta sold 9,243 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $36.50, for a total value of $337,369.50. Following the completion of the transaction, the chief technology officer now directly owns 276,467 shares of the company's stock, valued at $10,091,045.50. This trade represents a 3.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David Reeder sold 7,863 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $36.50, for a total transaction 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 approximately $422,743. The trade was a 40.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 108,605 shares of company stock valued at $3,872,220. 2.10% of the stock is owned by insiders.

Chewy Price Performance

Shares of NYSE:CHWY traded up $1.32 during midday trading on Friday, hitting $39.56. 8,312,339 shares of the company's stock were exchanged, compared to its average volume of 7,357,958. Chewy, Inc. has a 12 month low of $15.53 and a 12 month high of $40.09. The company has a market cap of $16.36 billion, a PE ratio of 43.47, a price-to-earnings-growth ratio of 2.21 and a beta of 1.69. The stock has a 50 day moving average price of $34.42 and a 200-day moving average price of $34.40.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Morgan Stanley reduced their price objective on Chewy from $40.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Guggenheim set a $42.00 price target on shares of Chewy and gave the stock a "buy" rating in a research note on Tuesday, February 4th. JMP Securities dropped their price objective on shares of Chewy from $40.00 to $39.00 and set a "market outperform" rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. lowered their target price on shares of Chewy from $40.00 to $36.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Barclays raised their price target on shares of Chewy from $40.00 to $44.00 and gave the stock an "overweight" rating 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. According to MarketBeat, Chewy has an average rating of "Moderate Buy" and an average price target of $38.47.

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.