Tabor Asset Management LP Has $898,000 Stock Holdings in Chewy (NYSE:CHWY)

Tabor Asset Management LP cut its position in shares of Chewy (NYSE:CHWY - Free Report) by 80.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,629 shares of the company's stock after selling 115,483 shares during the period. Tabor Asset Management LP's holdings in Chewy were worth $898,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC grew its stake in shares of Chewy by 150.2% in the first quarter. Parallel Advisors LLC now owns 788 shares of the company's stock valued at $26,000 after buying an additional 473 shares in the last quarter. Banque Transatlantique SA acquired a new position in Chewy in the 4th quarter valued at about $30,000. Golden State Wealth Management LLC increased its stake in Chewy by 104.6% during the first quarter. Golden State Wealth Management LLC now owns 941 shares of the company's stock worth $31,000 after purchasing an additional 481 shares during the period. North Star Investment Management Corp. lifted its position in shares of Chewy by 26.6% during the first quarter. North Star Investment Management Corp. now owns 1,678 shares of the company's stock worth $55,000 after purchasing an additional 353 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Chewy by 225.7% in the first quarter. UMB Bank n.a. now owns 1,866 shares of the company's stock valued at $61,000 after purchasing an additional 1,293 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Chewy Stock Down 3.1%

NYSE CHWY traded down $1.21 during midday trading on Monday, hitting $37.96. The company had a trading volume of 6,345,735 shares, compared to its average volume of 6,162,099. The firm has a fifty day simple moving average of $42.34 and a two-hundred day simple moving average of $38.01. The stock has a market cap of $15.76 billion, a price-to-earnings ratio of 42.65, a P/E/G ratio of 8.18 and a beta of 1.71. Chewy has a fifty-two week low of $19.75 and a fifty-two week high of $48.62.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Chewy had a return on equity of 35.04% and a net margin of 3.21%. The business had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $3.08 billion. During the same period in the previous year, the business posted $0.31 earnings per share. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities analysts predict that Chewy will post 0.24 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Sumit Singh sold 148,063 shares of Chewy stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $40.67, for a total transaction of $6,021,722.21. Following the transaction, the chief executive officer owned 705,252 shares in the company, valued at $28,682,598.84. The trade was a 17.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Satish Mehta sold 9,243 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $36.50, for a total transaction of $337,369.50. Following the transaction, the chief technology officer owned 276,467 shares of the company's stock, valued at approximately $10,091,045.50. This represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,167,614 shares of company stock valued at $1,259,102,436. Insiders own 0.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $27.00 target price on shares of Chewy and gave the stock a "hold" rating in a research note on Monday, April 14th. JPMorgan Chase & Co. boosted their price target on Chewy from $36.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, June 12th. The Goldman Sachs Group upped their price objective on shares of Chewy from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Citigroup reissued an "outperform" rating on shares of Chewy in a report on Thursday, July 10th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $44.00 target price (up from $42.00) on shares of Chewy in a report on Thursday, June 12th. Nine research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.89.

About Chewy

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.