Jacobs Levy Equity Management Inc. Makes New Investment in Chewy, Inc. (NYSE:CHWY)

Jacobs Levy Equity Management Inc. acquired a new position in Chewy, Inc. (NYSE:CHWY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 62,286 shares of the company's stock, valued at approximately $2,086,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP boosted its holdings in shares of Chewy by 188.5% in the 4th quarter. Hudson Bay Capital Management LP now owns 252,781 shares of the company's stock worth $8,466,000 after buying an additional 165,177 shares during the last quarter. Eisler Capital Management Ltd. bought a new stake in Chewy in the fourth quarter worth about $3,778,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Chewy in the fourth quarter valued at about $133,000. Durable Capital Partners LP purchased a new stake in shares of Chewy during the 4th quarter worth approximately $79,050,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Chewy during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 93.09% of the company's stock.

Insider Activity at Chewy

In other news, CTO Satish Mehta sold 71,365 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief technology officer now directly owns 262,853 shares of the company's stock, valued at approximately $9,357,566.80. This represents a 21.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sumit Singh sold 8,552 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were 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 represents a 12.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold 307,411 shares of company stock worth $11,928,229 in the last ninety days. 2.10% of the stock is owned by company insiders.

Chewy Stock Up 3.7%

Shares of Chewy stock traded up $1.56 during trading on Monday, hitting $43.32. 6,500,541 shares of the stock traded hands, compared to its average volume of 7,305,080. The stock has a market cap of $17.92 billion, a price-to-earnings ratio of 47.60, a PEG ratio of 2.21 and a beta of 1.69. Chewy, Inc. has a 52 week low of $15.78 and a 52 week high of $43.43. The firm's fifty day moving average is $35.07 and its 200-day moving average is $34.93.

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

Wall Street Analyst Weigh In

CHWY has been the subject of several recent research reports. Barclays lifted their price objective on Chewy from $40.00 to $44.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Royal Bank of Canada reissued an "outperform" rating and issued a $42.00 price target on shares of Chewy in a research report on Thursday, March 27th. Citigroup raised their price objective on shares of Chewy from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Seaport Res Ptn upgraded shares of Chewy to a "hold" rating in a research note on Monday, March 24th. Finally, Mizuho increased their target price on Chewy from $42.00 to $43.00 and gave the stock an "outperform" rating in a research report on Thursday, March 27th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $38.47.

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.