Thompson Investment Management Inc. Sells 32,089 Shares of Chewy, Inc. (NYSE:CHWY)

Thompson Investment Management Inc. lessened its stake in Chewy, Inc. (NYSE:CHWY - Free Report) by 13.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 202,851 shares of the company's stock after selling 32,089 shares during the period. Thompson Investment Management Inc.'s holdings in Chewy were worth $6,595,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CHWY. Parallel Advisors LLC boosted its position in shares of Chewy by 150.2% during the 1st quarter. Parallel Advisors LLC now owns 788 shares of the company's stock valued at $26,000 after purchasing an additional 473 shares in the last quarter. Banque Transatlantique SA bought a new position in Chewy in the fourth quarter worth approximately $30,000. UMB Bank n.a. boosted its holdings in Chewy by 225.7% in the first quarter. UMB Bank n.a. now owns 1,866 shares of the company's stock worth $61,000 after acquiring an additional 1,293 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in Chewy in the fourth quarter worth approximately $67,000. Finally, Allworth Financial LP boosted its holdings in Chewy by 52.0% in the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company's stock worth $71,000 after acquiring an additional 650 shares in the last quarter. Institutional investors own 93.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CHWY. Needham & Company LLC reiterated a "hold" rating on shares of Chewy in a report on Thursday. Morgan Stanley increased their price target on Chewy from $39.00 to $50.00 and gave the stock an "overweight" rating in a report on Thursday. JMP Securities dropped their target price on Chewy from $40.00 to $39.00 and set a "market outperform" rating on the stock in a report on Monday, April 14th. Jefferies Financial Group restated a "hold" rating and issued a $43.00 target price (up previously from $41.00) on shares of Chewy in a report on Thursday, June 5th. Finally, Citigroup raised their target price on Chewy from $42.00 to $49.00 and gave the company a "buy" rating in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $43.72.

Insiders Place Their Bets

In other news, CEO Sumit Singh sold 148,063 shares of Chewy stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $40.67, for a total value of $6,021,722.21. Following the completion of the transaction, the chief executive officer now directly owns 705,252 shares in the company, valued at approximately $28,682,598.84. The trade was a 17.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Reeder sold 11,582 shares of Chewy stock in a transaction on 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 of the company's stock, valued at approximately $14,486,940.64. This trade represents a 2.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 236,046 shares of company stock valued at $9,387,635 over the last ninety days. 0.43% of the stock is currently owned by insiders.

Chewy Stock Performance

NYSE:CHWY traded up $0.41 during trading hours on Friday, reaching $41.62. The stock had a trading volume of 7,209,845 shares, compared to its average volume of 6,951,483. The stock has a 50 day simple moving average of $39.84 and a 200 day simple moving average of $36.66. Chewy, Inc. has a 12-month low of $19.75 and a 12-month high of $48.62. The stock has a market cap of $17.22 billion, a P/E ratio of 45.74, a price-to-earnings-growth ratio of 2.21 and a beta of 1.75.

Chewy (NYSE:CHWY - Get Free Report) last released its earnings results on Wednesday, June 11th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period last year, the business posted $0.31 earnings per share. The business's revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities analysts expect that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

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.