Chewy (NYSE:CHWY) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC grew its position in shares of Chewy (NYSE:CHWY - Free Report) by 72.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 29,711 shares of the company's stock after acquiring an additional 12,481 shares during the quarter. Cerity Partners LLC's holdings in Chewy were worth $966,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHWY. Liberty One Investment Management LLC lifted its position in Chewy by 4.7% in the first quarter. Liberty One Investment Management LLC now owns 7,051 shares of the company's stock worth $229,000 after buying an additional 314 shares during the last quarter. North Star Investment Management Corp. lifted its position in Chewy by 26.6% in the first quarter. North Star Investment Management Corp. now owns 1,678 shares of the company's stock worth $55,000 after buying an additional 353 shares during the last quarter. Park Avenue Securities LLC lifted its position in Chewy by 5.3% in the first quarter. Park Avenue Securities LLC now owns 7,281 shares of the company's stock worth $237,000 after buying an additional 364 shares during the last quarter. Parallel Advisors LLC lifted its position in Chewy by 150.2% in the first quarter. Parallel Advisors LLC now owns 788 shares of the company's stock worth $26,000 after buying an additional 473 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its position in Chewy by 104.6% in the first quarter. Golden State Wealth Management LLC now owns 941 shares of the company's stock worth $31,000 after buying an additional 481 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.

Chewy Stock Down 2.4%

Shares of Chewy stock traded down $0.91 on Friday, reaching $36.35. 6,823,346 shares of the stock were exchanged, compared to its average volume of 6,343,874. Chewy has a twelve month low of $19.75 and a twelve month high of $48.62. The firm has a market capitalization of $15.09 billion, a price-to-earnings ratio of 40.84, a PEG ratio of 7.76 and a beta of 1.71. The business has a 50 day moving average price of $42.13 and a two-hundred day moving average price of $38.02.

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 analysts' consensus estimates of $0.34 by $0.01. Chewy had a return on equity of 35.04% and a net margin of 3.21%. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the company posted $0.31 earnings per share. Chewy's revenue for the quarter was up 6.3% on a year-over-year basis. Research analysts forecast that Chewy will post 0.24 EPS for the current year.

Analysts Set New Price Targets

CHWY has been the topic of a number of recent analyst reports. JMP Securities increased their target price on Chewy from $39.00 to $48.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 10th. Cowen reiterated a "buy" rating on shares of Chewy in a research note on Friday, June 6th. The Goldman Sachs Group increased their target price on Chewy from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Citizens Jmp upgraded Chewy to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, Citigroup restated an "outperform" rating on shares of Chewy in a research note on Thursday, July 10th. Nine research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.89.

Insider Buying and Selling

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $41.75, for a total value of $1,250,000,010.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Satish Mehta sold 9,243 shares of the company'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 $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. The trade was a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,167,614 shares of company stock valued at $1,259,102,436. Insiders own 0.43% 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.