CenterBook Partners LP Raises Stock Holdings in Chewy (NYSE:CHWY)

CenterBook Partners LP raised its stake in Chewy (NYSE:CHWY - Free Report) by 519.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,984 shares of the company's stock after buying an additional 56,172 shares during the period. CenterBook Partners LP's holdings in Chewy were worth $2,178,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings 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 acquiring an additional 3,493,926 shares in the last quarter. Durable Capital Partners LP acquired a new position in Chewy in the fourth quarter worth about $79,050,000. Invesco Ltd. increased its holdings in shares of Chewy by 4,577.5% during the fourth quarter. Invesco Ltd. now owns 2,191,146 shares of the company's stock worth $73,381,000 after buying an additional 2,144,302 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Chewy during the first quarter worth approximately $61,390,000. Finally, Alyeska Investment Group L.P. increased its holdings in shares of Chewy by 6,336.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,609,149 shares of the company's stock worth $53,890,000 after buying an additional 1,584,149 shares in the last quarter. Institutional investors own 93.09% of the company's stock.

Insider Activity

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 transaction, the chief technology officer directly owned 276,467 shares of the company's stock, valued at approximately $10,091,045.50. This trade represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David Reeder sold 11,582 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $36.44, for a total transaction of $422,048.08. Following the completion of the sale, the chief financial officer owned 397,556 shares of the company's stock, valued at approximately $14,486,940.64. This represents a 2.83% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,167,614 shares of company stock valued at $1,259,102,436. Company insiders own 0.43% of the company's stock.

Chewy Price Performance

CHWY stock traded up $1.14 during trading on Friday, reaching $39.20. 6,384,668 shares of the company were exchanged, compared to its average volume of 6,161,354. The company has a 50-day moving average of $42.34 and a two-hundred day moving average of $37.95. The company has a market capitalization of $16.28 billion, a price-to-earnings ratio of 145.07, a P/E/G ratio of 8.18 and a beta of 1.71. Chewy has a twelve month low of $19.75 and a twelve month high of $48.62.

Chewy (NYSE:CHWY - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. Chewy had a net margin of 3.21% and a return on equity of 35.04%. The firm had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $3.08 billion. During the same period in the prior year, the company posted $0.31 EPS. The company's revenue was up 6.3% on a year-over-year basis. On average, analysts forecast that Chewy will post 0.24 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on CHWY. Citigroup reaffirmed an "outperform" rating on shares of Chewy in a research note on Thursday, July 10th. The Goldman Sachs Group lifted their price target on shares of Chewy from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Cowen reissued a "buy" rating on shares of Chewy in a research report on Friday, June 6th. JMP Securities lifted their price target on shares of Chewy from $39.00 to $48.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 10th. Finally, Jefferies Financial Group reissued a "hold" rating and set a $43.00 price target (up from $41.00) on shares of Chewy in a research report on Thursday, June 5th. Nine investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $43.89.

Chewy 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.