Capricorn Fund Managers Ltd Invests $2.18 Million in Chewy $CHWY

Key Points

• Capricorn Fund Managers bought 65,948 shares of Chewy in the fourth quarter (about $2.18 million), and several large institutions—including Wellington, AQR, Invesco, State Street and Viking—have materially increased holdings, leaving 93.09% of the stock owned by institutional investors.
• Chewy reported quarterly EPS of $0.09 vs. $0.28 expected while revenue matched estimates at $3.26 billion (up 0.5% YoY); analysts maintain a consensus rating of “Moderate Buy” with a $42.91 average price target despite several recent target cuts.

Capricorn Fund Managers Ltd purchased a new stake in shares of Chewy (NYSE:CHWY - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 65,948 shares of the company's stock, valued at approximately $2,180,000.

A number of other institutional investors have also added to or reduced their stakes in CHWY. Wellington Management Group LLP boosted its position in Chewy by 295.9% in the third quarter. Wellington Management Group LLP now owns 17,622,768 shares of the company's stock valued at $712,841,000 after buying an additional 13,171,325 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Chewy by 120.2% in the 3rd quarter. AQR Capital Management LLC now owns 10,196,146 shares of the company's stock valued at $407,948,000 after acquiring an additional 5,564,803 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Chewy by 34.7% in the 2nd quarter. Invesco Ltd. now owns 7,187,518 shares of the company's stock valued at $306,332,000 after acquiring an additional 1,852,531 shares during the last quarter. State Street Corp boosted its holdings in shares of Chewy by 75.5% during the 2nd quarter. State Street Corp now owns 6,170,197 shares of the company's stock valued at $262,974,000 after acquiring an additional 2,654,496 shares in the last quarter. Finally, Viking Global Investors LP bought a new stake in Chewy during the 3rd quarter worth $221,815,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Chewy Trading Down 0.0%

Shares of CHWY stock opened at $26.86 on Monday. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 51.65, a PEG ratio of 1.66 and a beta of 1.61. The stock has a 50-day moving average of $26.33 and a 200-day moving average of $31.75. Chewy has a 1-year low of $22.74 and a 1-year high of $48.62.

Chewy (NYSE:CHWY - Get Free Report) last posted its quarterly earnings data on Wednesday, March 25th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.19). The company had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.26 billion. Chewy had a return on equity of 53.48% and a net margin of 1.77%.Chewy's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 earnings per share. Sell-side analysts forecast that Chewy will post 0.24 earnings per share for the current year.

Analyst Ratings Changes

CHWY has been the subject of several research reports. Wedbush dropped their target price on Chewy from $42.00 to $36.00 and set an "outperform" rating for the company in a research report on Thursday, March 26th. Piper Sandler reaffirmed an "overweight" rating on shares of Chewy in a research note on Thursday, February 5th. Bank of America cut their target price on shares of Chewy from $46.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, March 26th. Wolfe Research set a $44.00 target price on shares of Chewy in a report on Monday, January 5th. Finally, Barclays decreased their price target on shares of Chewy from $52.00 to $48.00 and set an "overweight" rating for the company in a research report on Thursday, March 5th. Eighteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Chewy has a consensus rating of "Moderate Buy" and a consensus price target of $42.91.

Insider Activity at Chewy

In other news, CTO Satish Mehta sold 13,013 shares of the company's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $28.99, for a total value of $377,246.87. Following the sale, the chief technology officer directly owned 273,835 shares of the company's stock, valued at approximately $7,938,476.65. This represents a 4.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.43% of the company's stock.

Chewy Profile

Chewy, Inc NYSE: CHWY is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.