Dimensional Fund Advisors LP increased its position in shares of Chewy (NYSE:CHWY - Free Report) by 49.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,739,267 shares of the company's stock after purchasing an additional 578,801 shares during the period. Dimensional Fund Advisors LP owned 0.42% of Chewy worth $46,942,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. CoreCap Advisors LLC lifted its stake in Chewy by 306.2% during the fourth quarter. CoreCap Advisors LLC now owns 845 shares of the company's stock worth $28,000 after purchasing an additional 637 shares in the last quarter. Harbour Investments Inc. lifted its holdings in Chewy by 81.4% during the 4th quarter. Harbour Investments Inc. now owns 907 shares of the company's stock worth $30,000 after buying an additional 407 shares in the last quarter. Osterweis Capital Management Inc. acquired a new stake in shares of Chewy in the second quarter valued at $30,000. Los Angeles Capital Management LLC acquired a new stake in Chewy in the 4th quarter valued at about $31,000. Finally, Modus Advisors LLC acquired a new stake in Chewy in the fourth quarter valued at approximately $34,000. 93.09% of the stock is owned by hedge funds and other institutional investors.
Chewy Stock Performance
Shares of NYSE:CHWY opened at $22.59 on Monday. Chewy has a 1 year low of $17.40 and a 1 year high of $43.50. The stock has a market capitalization of $9.25 billion, a P/E ratio of 37.65, a PEG ratio of 1.14 and a beta of 1.45. The stock has a 50-day simple moving average of $20.50 and a 200-day simple moving average of $24.26.
Insider Activity
In other Chewy news, General Counsel Da-Wai Hu sold 4,203 shares of the firm's stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $19.49, for a total value of $81,916.47. Following the transaction, the general counsel owned 4,103 shares of the company's stock, valued at $79,967.47. This trade represents a 50.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.34% of the company's stock.
Analyst Upgrades and Downgrades
CHWY has been the subject of several recent analyst reports. Raymond James Financial restated a "buy" rating on shares of Chewy in a research report on Wednesday, June 10th. Wall Street Zen downgraded Chewy from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Argus upgraded shares of Chewy to a "strong-buy" rating in a research note on Tuesday, April 7th. Citigroup reissued a "market outperform" rating on shares of Chewy in a report on Thursday, June 11th. Finally, Zacks Research downgraded shares of Chewy from a "hold" rating to a "strong sell" rating in a report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Chewy has a consensus rating of "Moderate Buy" and a consensus target price of $32.05.
Read Our Latest Stock Report on CHWY
Chewy Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding CHWY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chewy (NYSE:CHWY - Free Report).
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