OMERS ADMINISTRATION Corp Lowers Position in Chewy, Inc. (NYSE:CHWY)

OMERS ADMINISTRATION Corp decreased its stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 38.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 64,800 shares of the company's stock after selling 40,200 shares during the period. OMERS ADMINISTRATION Corp's holdings in Chewy were worth $2,170,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CHWY. Wealth Enhancement Advisory Services LLC increased its position in shares of Chewy by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company's stock valued at $661,000 after buying an additional 301 shares during the period. Blue Trust Inc. increased its holdings in Chewy by 22.9% during the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock worth $58,000 after acquiring an additional 320 shares during the period. Fifth Third Bancorp increased its holdings in Chewy by 83.0% during the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company's stock worth $33,000 after acquiring an additional 444 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Chewy by 8.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,650 shares of the company's stock valued at $189,000 after purchasing an additional 450 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its holdings in Chewy by 30.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,800 shares of the company's stock valued at $94,000 after purchasing an additional 650 shares during the period. Institutional investors own 93.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CHWY shares. Argus upgraded Chewy from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. Wedbush reaffirmed an "outperform" rating and issued a $39.00 price target on shares of Chewy in a report on Thursday, March 27th. Barclays lifted their price target on Chewy from $40.00 to $44.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Seaport Res Ptn upgraded shares of Chewy to a "hold" rating in a research report on Monday, March 24th. Finally, Guggenheim set a $42.00 target price on shares of Chewy and gave the company a "buy" rating in a research report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $38.47.

Insider Buying and Selling

In other Chewy news, CTO Satish Mehta sold 71,365 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $35.60, for a total value of $2,540,594.00. Following the completion of the sale, the chief technology officer now owns 262,853 shares in the company, valued at approximately $9,357,566.80. This trade represents a 21.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sumit Singh sold 8,552 shares of the company's stock in a transaction that occurred on 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 of the company's stock, 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 have sold a total of 307,411 shares of company stock valued at $11,928,229 over the last three months. 2.10% of the stock is owned by company insiders.

Chewy Price Performance

NYSE CHWY traded up $0.30 during trading on Friday, hitting $41.77. 4,740,004 shares of the company's stock traded hands, compared to its average volume of 7,308,309. The stock has a fifty day moving average of $35.07 and a two-hundred day moving average of $34.88. Chewy, Inc. has a 12-month low of $15.78 and a 12-month high of $42.20. The firm has a market cap of $17.28 billion, a P/E ratio of 45.90, a PEG ratio of 2.21 and a beta of 1.69.

Chewy (NYSE:CHWY - Get Free Report) last issued its earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.25. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.20 billion. During the same period in the prior year, the business posted $0.07 EPS. Chewy's quarterly revenue was up 15.0% compared to the same quarter last year. As a group, 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.