Hussman Strategic Advisors Inc. acquired a new position in shares of Chewy (NYSE:CHWY - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 84,000 shares of the company's stock, valued at approximately $2,731,000.
Other hedge funds also recently made changes to their positions in the company. D.A. Davidson & CO. lifted its holdings in shares of Chewy by 38.7% during the 1st quarter. D.A. Davidson & CO. now owns 43,725 shares of the company's stock worth $1,422,000 after acquiring an additional 12,206 shares during the last quarter. Polar Asset Management Partners Inc. lifted its holdings in shares of 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 last quarter. Interval Partners LP purchased a new stake in shares of Chewy in the 4th quarter valued at $1,536,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Chewy in the 1st quarter valued at $11,326,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Chewy in the 1st quarter valued at $1,045,000. 93.09% of the stock is owned by institutional investors.
Chewy Trading Down 3.0%
NYSE:CHWY traded down $1.17 on Monday, reaching $38.00. 2,068,387 shares of the stock traded hands, compared to its average volume of 6,145,866. The company has a market capitalization of $15.78 billion, a price-to-earnings ratio of 42.62, a PEG ratio of 8.18 and a beta of 1.71. Chewy has a 12 month low of $19.75 and a 12 month high of $48.62. The company's fifty day simple moving average is $42.34 and its 200 day simple moving average is $38.01.
Chewy (NYSE:CHWY - Get Free Report) last released 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. The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.08 billion. Chewy had a net margin of 3.21% and a return on equity of 35.04%. Chewy's revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $0.31 EPS. Equities analysts anticipate that Chewy will post 0.24 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on CHWY shares. Morgan Stanley reaffirmed an "overweight" rating and issued a $50.00 price objective (up previously from $39.00) on shares of Chewy in a research note on Thursday, June 12th. Barclays upped their price objective on shares of Chewy from $44.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. UBS Group upped their price objective on shares of Chewy from $36.00 to $46.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Citizens Jmp raised shares of Chewy to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Chewy in a research note on Thursday, July 10th. Nine investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $43.89.
Read Our Latest Report on Chewy
Insider Activity at Chewy
In related news, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $41.75, for a total transaction of $1,250,000,010.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David Reeder sold 11,582 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $36.44, for a total transaction of $422,048.08. Following the transaction, the chief financial officer owned 397,556 shares in the company, valued at approximately $14,486,940.64. This trade represents a 2.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,167,614 shares of company stock valued at $1,259,102,436. Insiders own 0.43% of the company's stock.
Chewy Company Profile
(
Free Report)
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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