Chewy, Inc. (NYSE:CHWY) Shares Bought by Nomura Holdings Inc.

Nomura Holdings Inc. grew its stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 36.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 30,793 shares of the company's stock after acquiring an additional 8,219 shares during the period. Nomura Holdings Inc.'s holdings in Chewy were worth $1,031,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Interval Partners LP acquired a new stake in shares of Chewy during the 4th quarter valued at $1,536,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Chewy during the 4th quarter valued at $2,086,000. Hudson Bay Capital Management LP lifted its holdings in shares of Chewy by 188.5% in the fourth quarter. Hudson Bay Capital Management LP now owns 252,781 shares of the company's stock valued at $8,466,000 after purchasing an additional 165,177 shares in the last quarter. Eisler Capital Management Ltd. purchased a new stake in shares of Chewy in the fourth quarter valued at $3,778,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Chewy in the fourth quarter valued at $133,000. Institutional investors and hedge funds own 93.09% of the company's stock.

Chewy Price Performance

Chewy stock opened at $41.77 on Monday. The company has a market capitalization of $17.28 billion, a price-to-earnings ratio of 45.90, a PEG ratio of 2.21 and a beta of 1.69. Chewy, Inc. has a one year low of $15.78 and a one year high of $42.20. The company's fifty day moving average price is $35.07 and its two-hundred day moving average price is $34.93.

Chewy (NYSE:CHWY - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.25. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.20 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The firm's revenue was up 15.0% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. As a group, sell-side analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wedbush restated an "outperform" rating and issued a $39.00 target price on shares of Chewy in a report on Thursday, March 27th. Guggenheim set a $42.00 target price on Chewy and gave the company a "buy" rating in a report on Tuesday, February 4th. JMP Securities reduced their target price on Chewy from $40.00 to $39.00 and set a "market outperform" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group increased their target price on Chewy from $40.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. reduced their target price on Chewy from $40.00 to $36.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $38.47.

Insider Activity at Chewy

In other news, CFO David Reeder sold 7,863 shares of Chewy stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $36.50, for a total value of $286,999.50. Following the completion of the transaction, the chief financial officer now owns 11,582 shares in the company, valued at approximately $422,743. The trade was a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sumit Singh sold 148,063 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $40.67, for a total transaction of $6,021,722.21. Following the completion of the sale, the chief executive officer now directly owns 705,252 shares of the company's stock, valued at approximately $28,682,598.84. This represents a 17.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 307,411 shares of company stock worth $11,928,229. Company insiders own 2.10% of the company's stock.

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.

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