John G Ullman & Associates Inc. Buys New Stake in Chewy, Inc. (NYSE:CHWY)

John G Ullman & Associates Inc. purchased a new position in Chewy, Inc. (NYSE:CHWY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 104,889 shares of the company's stock, valued at approximately $2,479,000.

Several other institutional investors and hedge funds have also made changes to their positions in CHWY. Baillie Gifford & Co. lifted its stake in shares of Chewy by 16.8% during the fourth quarter. Baillie Gifford & Co. now owns 18,482,764 shares of the company's stock valued at $436,748,000 after buying an additional 2,654,376 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Chewy by 101.4% during the third quarter. Bank of New York Mellon Corp now owns 3,478,510 shares of the company's stock worth $63,518,000 after purchasing an additional 1,751,131 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Chewy by 19.0% during the first quarter. Wellington Management Group LLP now owns 5,369,539 shares of the company's stock worth $218,969,000 after purchasing an additional 856,909 shares during the last quarter. Qube Research & Technologies Ltd grew its position in shares of Chewy by 141.2% in the third quarter. Qube Research & Technologies Ltd now owns 1,188,823 shares of the company's stock valued at $21,708,000 after purchasing an additional 695,907 shares during the period. Finally, Vanguard Group Inc. increased its stake in Chewy by 4.2% in the third quarter. Vanguard Group Inc. now owns 8,464,429 shares of the company's stock valued at $154,560,000 after purchasing an additional 344,273 shares during the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on CHWY. Needham & Company LLC restated a "buy" rating and issued a $25.00 price target on shares of Chewy in a report on Thursday, March 21st. The Goldman Sachs Group dropped their price target on shares of Chewy from $36.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday, March 21st. Mizuho started coverage on shares of Chewy in a report on Tuesday, March 19th. They issued a "neutral" rating and a $18.00 price target on the stock. Wedbush reissued an "outperform" rating and set a $25.00 price objective on shares of Chewy in a research note on Thursday, March 21st. Finally, Royal Bank of Canada cut their target price on Chewy from $35.00 to $22.00 and set an "outperform" rating on the stock in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $27.64.

Insider Buying and Selling at Chewy

In related news, CTO Satish Mehta sold 40,523 shares of Chewy stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $17.70, for a total value of $717,257.10. Following the completion of the transaction, the chief technology officer now directly owns 557,058 shares in the company, valued at $9,859,926.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CTO Satish Mehta sold 40,523 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $17.70, for a total transaction of $717,257.10. Following the sale, the chief technology officer now directly owns 557,058 shares of the company's stock, valued at approximately $9,859,926.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sumit Singh sold 192,642 shares of Chewy stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $17.70, for a total transaction of $3,409,763.40. Following the completion of the transaction, the chief executive officer now directly owns 1,307,025 shares of the company's stock, valued at approximately $23,134,342.50. The disclosure for this sale can be found here. Insiders have sold 250,169 shares of company stock worth $4,396,079 in the last ninety days. 2.10% of the stock is owned by insiders.

Chewy Stock Performance

Shares of NYSE:CHWY traded up $0.03 during trading on Friday, hitting $16.15. The company's stock had a trading volume of 6,449,935 shares, compared to its average volume of 9,074,383. The company has a market capitalization of $7.02 billion, a PE ratio of 201.90, a PEG ratio of 8.61 and a beta of 0.90. Chewy, Inc. has a fifty-two week low of $15.08 and a fifty-two week high of $40.78. The stock's 50-day moving average price is $16.87 and its two-hundred day moving average price is $18.69.

Chewy (NYSE:CHWY - Get Free Report) last announced its earnings results on Wednesday, March 20th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.09. Chewy had a return on equity of 11.69% and a net margin of 0.33%. The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.79 billion. On average, equities analysts predict that Chewy, Inc. will post 0.08 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.