Rhumbline Advisers Grows Holdings in Chewy, Inc. (NYSE:CHWY)

Rhumbline Advisers raised its holdings in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 10.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 280,851 shares of the company's stock after purchasing an additional 25,755 shares during the period. Rhumbline Advisers owned 0.07% of Chewy worth $9,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Somerset Trust Co grew its position in shares of Chewy by 11.1% during the 1st quarter. Somerset Trust Co now owns 14,098 shares of the company's stock worth $458,000 after buying an additional 1,412 shares during the period. Global Financial Private Client LLC raised its holdings in Chewy by 48.4% in the first quarter. Global Financial Private Client LLC now owns 4,684 shares of the company's stock worth $152,000 after purchasing an additional 1,528 shares during the period. Parallel Advisors LLC boosted its position in shares of Chewy by 150.2% during the first quarter. Parallel Advisors LLC now owns 788 shares of the company's stock worth $26,000 after purchasing an additional 473 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Chewy by 13,804.8% in the 1st quarter. GAMMA Investing LLC now owns 96,360 shares of the company's stock valued at $2,964,000 after buying an additional 95,667 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in Chewy by 16.5% during the fourth quarter. California State Teachers Retirement System now owns 155,785 shares of the company's stock worth $5,217,000 after acquiring an additional 22,033 shares in the last quarter. Institutional investors own 93.09% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Evercore ISI upped their price target on shares of Chewy from $47.00 to $52.00 and gave the company an "outperform" rating in a report on Thursday. Guggenheim increased their price objective on Chewy from $42.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday. Jefferies Financial Group restated a "hold" rating and issued a $43.00 target price (up previously from $41.00) on shares of Chewy in a research note on Thursday, June 5th. Cowen reaffirmed a "buy" rating on shares of Chewy in a research note on Friday, June 6th. Finally, Deutsche Bank Aktiengesellschaft set a $27.00 price objective on shares of Chewy and gave the stock a "hold" rating in a research report on Monday, April 14th. Eight research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, Chewy presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.11.

Insider Activity

In other news, CTO Satish Mehta sold 9,243 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $36.50, for a total transaction of $337,369.50. Following the transaction, the chief technology officer now owns 276,467 shares in the company, valued at $10,091,045.50. This represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sumit Singh sold 8,552 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $33.35, for a total transaction of $285,209.20. Following the transaction, the chief executive officer now owns 62,096 shares in the company, valued at $2,070,901.60. The trade was a 12.11% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 236,046 shares of company stock worth $9,387,635. 0.43% of the stock is currently owned by company insiders.

Chewy Stock Up 2.3%

NYSE CHWY traded up $0.94 on Thursday, reaching $41.70. The company had a trading volume of 4,231,792 shares, compared to its average volume of 6,924,957. Chewy, Inc. has a 12 month low of $19.75 and a 12 month high of $48.62. The firm's 50 day moving average price is $39.44 and its 200 day moving average price is $36.53. The stock has a market capitalization of $17.25 billion, a PE ratio of 45.82, a price-to-earnings-growth ratio of 2.21 and a beta of 1.75.

Chewy (NYSE:CHWY - Get Free Report) last announced its earnings results on Wednesday, June 11th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The firm had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $3.08 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 EPS. On average, research analysts expect that Chewy, Inc. will post 0.24 EPS for the current year.

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.