Mackenzie Financial Corp Makes New Investment in Chewy, Inc. (NYSE:CHWY)

Mackenzie Financial Corp bought a new position in shares of Chewy, Inc. (NYSE:CHWY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 9,481 shares of the company's stock, valued at approximately $318,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Gordian Capital Singapore Pte Ltd bought a new position in shares of Chewy during the fourth quarter worth approximately $67,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Chewy by 22.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,837 shares of the company's stock valued at $9,774,000 after acquiring an additional 54,381 shares during the period. Vident Advisory LLC acquired a new position in shares of Chewy in the fourth quarter valued at about $336,000. Tairen Capital Ltd increased its position in Chewy by 17.6% during the fourth quarter. Tairen Capital Ltd now owns 100,000 shares of the company's stock worth $3,349,000 after acquiring an additional 15,000 shares during the period. Finally, State of Wyoming raised its stake in Chewy by 76.0% in the 4th quarter. State of Wyoming now owns 22,908 shares of the company's stock worth $767,000 after purchasing an additional 9,894 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

Chewy Price Performance

CHWY stock traded up $0.67 during midday trading on Friday, reaching $48.16. 4,657,497 shares of the stock were exchanged, compared to its average volume of 6,895,910. The stock has a market capitalization of $19.92 billion, a PE ratio of 52.92, a P/E/G ratio of 2.21 and a beta of 1.69. Chewy, Inc. has a 52 week low of $19.75 and a 52 week high of $48.62. The company has a fifty day moving average price of $38.47 and a 200 day moving average price of $36.24.

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 the consensus estimate of $0.03 by $0.25. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the firm posted $0.07 earnings per share. The firm's revenue was up 15.0% compared to the same quarter last year. As a group, analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CHWY has been the topic of several recent research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Chewy in a report on Thursday, March 27th. UBS Group increased their price target on Chewy from $36.00 to $46.00 and gave the stock a "neutral" rating in a research report on Thursday. Cowen restated a "buy" rating on shares of Chewy in a research note on Friday. Royal Bank of Canada reiterated an "outperform" rating and set a $42.00 target price on shares of Chewy in a research report on Thursday, March 27th. Finally, Jefferies Financial Group reissued a "hold" rating and set a $43.00 target price (up from $41.00) on shares of Chewy in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, Chewy currently has an average rating of "Moderate Buy" and an average price target of $41.00.

Insider Buying and Selling

In other news, CEO Sumit Singh sold 8,552 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $33.35, for a total value of $285,209.20. Following the sale, the chief executive officer now directly owns 62,096 shares of the company's stock, valued at approximately $2,070,901.60. This represents a 12.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David Reeder sold 7,863 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $36.50, for a total transaction of $286,999.50. Following the sale, the chief financial officer now owns 11,582 shares of the company's stock, valued at approximately $422,743. This trade represents a 40.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 236,046 shares of company stock valued at $9,387,635 over the last 90 days. 2.10% of the stock is owned by insiders.

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.