Integrated Advisors Network LLC Acquires Shares of 7,021 Chewy, Inc. (NYSE:CHWY)

Integrated Advisors Network LLC bought a new stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 7,021 shares of the company's stock, valued at approximately $235,000.

A number of other institutional investors also recently modified their holdings of CHWY. Blue Trust Inc. raised its holdings in Chewy by 22.9% during the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock worth $58,000 after buying an additional 320 shares during the last quarter. Fifth Third Bancorp raised its holdings in Chewy by 83.0% during the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company's stock worth $33,000 after buying an additional 444 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings 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 last quarter. Wilmington Savings Fund Society FSB raised its holdings in Chewy by 30.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,800 shares of the company's stock worth $94,000 after buying an additional 650 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in Chewy by 52.0% during the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company's stock worth $71,000 after buying an additional 650 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company's stock.

Chewy Price Performance

NYSE CHWY traded up $2.19 on Monday, reaching $47.44. 8,675,705 shares of the company's stock traded hands, compared to its average volume of 6,951,289. Chewy, Inc. has a 12 month low of $19.75 and a 12 month high of $47.56. The stock has a 50-day simple moving average of $37.57 and a 200 day simple moving average of $35.97. The stock has a market cap of $19.62 billion, a PE ratio of 52.13, a P/E/G ratio of 2.21 and a beta of 1.69.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Mizuho upped their price objective on shares of Chewy from $42.00 to $43.00 and gave the stock an "outperform" rating in a report on Thursday, March 27th. Royal Bank of Canada reiterated an "outperform" rating and issued a $42.00 target price on shares of Chewy in a research note on Thursday, March 27th. Citigroup upped their price objective on shares of Chewy from $40.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Needham & Company LLC reaffirmed a "hold" rating on shares of Chewy in a report on Thursday, March 27th. Finally, Seaport Res Ptn raised shares of Chewy to a "hold" rating in a report on Monday, March 24th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Chewy has a consensus rating of "Moderate Buy" and an average target price of $40.18.

Insider Transactions at Chewy

In related news, CFO David Reeder sold 7,863 shares of Chewy stock in a transaction 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 sale, the chief financial officer now owns 11,582 shares in the company, valued at $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 available at this link. Also, CEO Sumit Singh sold 8,552 shares of Chewy stock in a transaction 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 completion of the sale, the chief executive officer now owns 62,096 shares in the company, valued at approximately $2,070,901.60. This trade represents a 12.11% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 307,411 shares of company stock worth $11,928,229. 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.