Chewy, Inc. (NYSE:CHWY) Shares Purchased by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP grew its holdings in Chewy, Inc. (NYSE:CHWY - Free Report) by 188.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 252,781 shares of the company's stock after acquiring an additional 165,177 shares during the period. Hudson Bay Capital Management LP owned about 0.06% of Chewy worth $8,466,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CHWY. Banque Transatlantique SA acquired a new stake in Chewy during the 4th quarter worth $30,000. Fifth Third Bancorp raised its stake in Chewy by 83.0% during the 4th 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 last quarter. Blue Trust Inc. grew its stake in shares of Chewy by 22.9% in the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock valued at $58,000 after purchasing an additional 320 shares during the last quarter. Allworth Financial LP raised its stake in shares of Chewy by 52.0% during the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company's stock worth $71,000 after purchasing an additional 650 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Chewy during the fourth quarter worth $86,000. Institutional investors and hedge funds own 93.09% of the company's stock.

Chewy Stock Performance

Chewy stock traded up $0.47 during trading on Thursday, reaching $41.46. 4,491,101 shares of the company's stock were exchanged, compared to its average volume of 7,327,402. Chewy, Inc. has a 52-week low of $15.78 and a 52-week high of $41.69. The firm has a market cap of $17.15 billion, a price-to-earnings ratio of 45.56, a PEG ratio of 2.21 and a beta of 1.69. The company's 50-day moving average is $34.71 and its two-hundred day moving average is $34.61.

Chewy (NYSE:CHWY - Get Free Report) last posted its earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.25. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.20 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share. Analysts anticipate that Chewy, Inc. will post 0.24 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Argus raised Chewy from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. JMP Securities decreased their target price on shares of Chewy from $40.00 to $39.00 and set a "market outperform" rating on the stock in a research report on Monday, April 14th. Guggenheim set a $42.00 price target on shares of Chewy and gave the company a "buy" rating in a report on Tuesday, February 4th. Citigroup increased their target price on shares of Chewy from $40.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Chewy in a research note on Thursday, March 27th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, Chewy currently has a consensus rating of "Moderate Buy" and an average price target of $38.47.

Insider Activity at Chewy

In other Chewy news, CTO Satish Mehta sold 71,365 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $35.60, for a total transaction of $2,540,594.00. Following the transaction, the chief technology officer now directly owns 262,853 shares in the company, valued at $9,357,566.80. This represents a 21.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sumit Singh sold 8,552 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $33.35, for a total transaction of $285,209.20. Following the completion of the sale, the chief executive officer now directly owns 62,096 shares of the company's stock, valued at $2,070,901.60. The trade was a 12.11% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 307,411 shares of company stock valued at $11,928,229. Corporate 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.