Hussman Strategic Advisors Inc. Takes Position in Chewy (NYSE:CHWY)

Hussman Strategic Advisors Inc. acquired a new stake in Chewy (NYSE:CHWY - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 84,000 shares of the company's stock, valued at approximately $2,731,000.

A number of other hedge funds have also recently modified their holdings of the company. Liberty One Investment Management LLC grew its holdings in shares of Chewy by 4.7% in the first quarter. Liberty One Investment Management LLC now owns 7,051 shares of the company's stock valued at $229,000 after purchasing an additional 314 shares during the period. North Star Investment Management Corp. grew its holdings in shares of Chewy by 26.6% in the first quarter. North Star Investment Management Corp. now owns 1,678 shares of the company's stock valued at $55,000 after purchasing an additional 353 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Chewy by 5.3% in the first quarter. Park Avenue Securities LLC now owns 7,281 shares of the company's stock valued at $237,000 after purchasing an additional 364 shares during the period. Signaturefd LLC boosted its stake in Chewy by 14.6% during the first quarter. Signaturefd LLC now owns 3,420 shares of the company's stock worth $111,000 after buying an additional 436 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in Chewy by 8.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,650 shares of the company's stock worth $189,000 after buying an additional 450 shares during the period. Hedge funds and other institutional investors own 93.09% of the company's stock.

Insider Activity

In other news, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of Chewy stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $41.75, for a total transaction of $1,250,000,010.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Reeder sold 11,582 shares of Chewy stock in a transaction on Monday, May 5th. The stock was sold at an average price of $36.44, for a total value of $422,048.08. Following the transaction, the chief financial officer directly owned 397,556 shares of the company's stock, valued at $14,486,940.64. This trade represents a 2.83% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,167,614 shares of company stock valued at $1,259,102,436. Corporate insiders own 0.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CHWY shares. JPMorgan Chase & Co. increased their target price on shares of Chewy from $36.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $44.00 target price (up previously from $42.00) on shares of Chewy in a research note on Thursday, June 12th. Cowen reissued a "buy" rating on shares of Chewy in a research report on Friday, June 6th. UBS Group increased their price target on shares of Chewy from $36.00 to $46.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. Finally, Mizuho cut shares of Chewy from an "outperform" rating to a "neutral" rating and increased their price target for the stock from $43.00 to $47.00 in a research report on Monday, June 9th. Nine analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $43.89.

Chewy Stock Up 1.7%

NYSE:CHWY traded up $0.64 during midday trading on Friday, reaching $38.70. The stock had a trading volume of 550,913 shares, compared to its average volume of 6,335,312. The firm has a fifty day simple moving average of $42.35 and a two-hundred day simple moving average of $37.91. Chewy has a 12-month low of $19.75 and a 12-month high of $48.62. The stock has a market cap of $16.07 billion, a P/E ratio of 43.48, a P/E/G ratio of 7.93 and a beta of 1.71.

Chewy (NYSE:CHWY - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Chewy had a net margin of 3.21% and a return on equity of 35.04%. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the firm posted $0.31 EPS. Chewy's quarterly revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts anticipate that Chewy will post 0.24 earnings per share for the current fiscal year.

Chewy 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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