Chewy, Inc. (NYSE:CHWY) Shares Purchased by State of Wyoming

State of Wyoming increased its position in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 76.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,908 shares of the company's stock after acquiring an additional 9,894 shares during the period. State of Wyoming's holdings in Chewy were worth $767,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Snowden Capital Advisors LLC boosted its position in shares of Chewy by 4.2% in the 4th quarter. Snowden Capital Advisors LLC now owns 16,442 shares of the company's stock valued at $551,000 after purchasing an additional 669 shares during the period. Shay Capital LLC acquired a new position in shares of Chewy in the 4th quarter valued at $419,000. Rafferty Asset Management LLC boosted its position in shares of Chewy by 23.2% in the 4th quarter. Rafferty Asset Management LLC now owns 16,519 shares of the company's stock valued at $553,000 after purchasing an additional 3,109 shares during the period. Rip Road Capital Partners LP boosted its position in shares of Chewy by 3.1% in the 4th quarter. Rip Road Capital Partners LP now owns 158,194 shares of the company's stock valued at $5,298,000 after purchasing an additional 4,776 shares during the period. Finally, Polar Asset Management Partners Inc. boosted its position in Chewy by 26.5% during the 4th quarter. Polar Asset Management Partners Inc. now owns 288,733 shares of the company's stock worth $9,670,000 after acquiring an additional 60,533 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.

Chewy Stock Up 0.7%

Shares of NYSE CHWY opened at $41.77 on Monday. Chewy, Inc. has a 12 month low of $15.78 and a 12 month high of $42.20. The company has a market cap of $17.28 billion, a P/E ratio of 45.90, a P/E/G ratio of 2.21 and a beta of 1.69. The business's 50 day moving average is $35.07 and its two-hundred day moving average is $34.93.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.25. The business had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.20 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. Chewy's quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 earnings per share. Sell-side analysts expect that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on CHWY shares. Morgan Stanley decreased their price objective on Chewy from $40.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Needham & Company LLC restated a "hold" rating on shares of Chewy in a research report on Thursday, March 27th. Argus upgraded Chewy from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. Guggenheim set a $42.00 price objective on Chewy and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Finally, Mizuho raised their price target on Chewy from $42.00 to $43.00 and gave the stock an "outperform" rating in a research note on Thursday, March 27th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $38.47.

Insider Activity

In related news, CTO Satish Mehta sold 71,365 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $35.60, for a total value of $2,540,594.00. Following the sale, the chief technology officer now owns 262,853 shares of the company's stock, valued at $9,357,566.80. The trade was a 21.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sumit Singh sold 148,063 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $40.67, for a total value of $6,021,722.21. Following the completion of the sale, the chief executive officer now directly owns 705,252 shares in the company, 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 ninety days, insiders have sold 307,411 shares of company stock worth $11,928,229. Company insiders own 2.10% 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.

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