Gotham Asset Management LLC Has $2.28 Million Holdings in Chewy, Inc. (NYSE:CHWY)

Gotham Asset Management LLC lessened its position in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 71.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,136 shares of the company's stock after selling 170,767 shares during the period. Gotham Asset Management LLC's holdings in Chewy were worth $2,282,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CHWY. Banque Transatlantique SA purchased a new stake in Chewy during the fourth quarter valued at about $30,000. Fifth Third Bancorp grew its position in Chewy by 83.0% during the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company's stock valued at $33,000 after acquiring an additional 444 shares during the period. Blue Trust Inc. grew its position in Chewy by 22.9% during the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock valued at $58,000 after acquiring an additional 320 shares during the period. Allworth Financial LP grew its position in Chewy by 52.0% during the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company's stock valued at $71,000 after acquiring an additional 650 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in Chewy during the fourth quarter valued at about $86,000. Hedge funds and other institutional investors own 93.09% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. JMP Securities lowered their price target on Chewy from $40.00 to $39.00 and set a "market outperform" rating for the company in a research report on Monday, April 14th. Deutsche Bank Aktiengesellschaft set a $27.00 price objective on Chewy and gave the stock a "hold" rating in a research note on Monday, April 14th. Mizuho boosted their price objective on Chewy from $42.00 to $43.00 and gave the stock an "outperform" rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. reduced their price objective on Chewy from $40.00 to $36.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Barclays boosted their price objective on Chewy from $40.00 to $44.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $38.47.

Chewy Stock Performance

NYSE CHWY traded up $1.56 during trading on Monday, reaching $43.32. 6,500,541 shares of the company traded hands, compared to its average volume of 7,305,079. Chewy, Inc. has a 1-year low of $15.78 and a 1-year high of $43.43. The stock's 50 day moving average price is $35.07 and its two-hundred day moving average price is $34.93. The company has a market cap of $17.92 billion, a price-to-earnings ratio of 47.60, a P/E/G ratio of 2.21 and a beta of 1.69.

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

Insider Activity

In other Chewy news, CFO David Reeder sold 7,863 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $36.50, for a total transaction of $286,999.50. Following the sale, the chief financial officer now directly owns 11,582 shares of the company's stock, valued at $422,743. The trade was a 40.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Satish Mehta sold 71,365 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $35.60, for a total transaction of $2,540,594.00. Following the sale, the chief technology officer now directly owns 262,853 shares in the company, valued at $9,357,566.80. This trade represents a 21.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 307,411 shares of company stock valued at $11,928,229 in the last quarter. Company insiders own 2.10% of the company's stock.

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.