Retireful LLC Takes $1.08 Million Position in Chewy, Inc. (NYSE:CHWY)

Retireful LLC purchased a new stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,634 shares of the company's stock, valued at approximately $1,082,000.

A number of other hedge funds have also recently bought and sold shares of CHWY. Vanguard Group Inc. raised its stake in shares of Chewy by 31.8% during the 4th quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company's stock worth $485,093,000 after purchasing an additional 3,493,926 shares in the last quarter. Durable Capital Partners LP acquired a new position in Chewy during the fourth quarter worth $79,050,000. Invesco Ltd. increased its holdings in Chewy by 4,577.5% during the fourth quarter. Invesco Ltd. now owns 2,191,146 shares of the company's stock worth $73,381,000 after buying an additional 2,144,302 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Chewy during the fourth quarter worth $69,789,000. Finally, Alyeska Investment Group L.P. lifted its stake in Chewy by 6,336.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,609,149 shares of the company's stock valued at $53,890,000 after acquiring an additional 1,584,149 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Chewy

In other news, CEO Sumit Singh sold 8,552 shares of Chewy stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $33.35, for a total value of $285,209.20. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David Reeder sold 11,582 shares of Chewy stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $36.44, for a total value of $422,048.08. Following the completion of the transaction, the chief financial officer now owns 397,556 shares in the company, valued at approximately $14,486,940.64. This represents a 2.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 236,046 shares of company stock worth $9,387,635 over the last three months. Corporate insiders own 2.10% of the company's stock.

Chewy Trading Up 1.4%

Shares of NYSE:CHWY traded up $0.67 on Friday, reaching $48.16. 4,657,497 shares of the company's stock were exchanged, compared to its average volume of 6,895,952. Chewy, Inc. has a twelve month low of $19.75 and a twelve month high of $48.62. The company has a fifty day moving average of $38.47 and a 200-day moving average of $36.24. The company has a market capitalization of $19.92 billion, a price-to-earnings ratio of 52.92, a PEG ratio of 2.21 and a beta of 1.69.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on CHWY shares. Cowen restated a "buy" rating on shares of Chewy in a research note on Friday. The Goldman Sachs Group lifted their price target on Chewy from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft set a $27.00 price objective on Chewy and gave the company a "hold" rating in a research note on Monday, April 14th. Citigroup lifted their target price on Chewy from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Finally, Barclays boosted their target price on Chewy from $44.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $41.00.

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.