Symmetry Investments LP Buys New Position in Chewy, Inc. (NYSE:CHWY)

Symmetry Investments LP bought a new stake in Chewy, Inc. (NYSE:CHWY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,500 shares of the company's stock, valued at approximately $419,000.

Other large investors have also modified their holdings of the company. Fifth Third Bancorp raised its holdings in Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company's stock valued at $33,000 after buying an additional 444 shares during the period. Blue Trust Inc. raised 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 acquiring an additional 320 shares during the period. Allworth Financial LP lifted its holdings in shares of Chewy by 52.0% in the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company's stock worth $71,000 after acquiring an additional 650 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Chewy during the 3rd quarter worth approximately $63,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in Chewy in the 4th quarter valued at approximately $86,000. Institutional investors and hedge funds own 93.09% of the company's stock.

Insider Buying and Selling

In related news, CFO David Reeder sold 307,558 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $37.48, for a total value of $11,527,273.84. Following the transaction, the chief financial officer now owns 546,257 shares in the company, valued at approximately $20,473,712.36. This trade represents a 36.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sumit Singh sold 8,552 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $33.35, for a total transaction of $285,209.20. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 537,831 shares of company stock valued at $20,246,710. Insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Seaport Res Ptn upgraded Chewy to a "hold" rating in a research report on Monday, March 24th. The Goldman Sachs Group increased their target price on shares of Chewy from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. JPMorgan Chase & Co. dropped their price target on shares of Chewy from $40.00 to $36.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Guggenheim set a $42.00 price objective on Chewy and gave the company a "buy" rating in a research note on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft set a $27.00 target price on Chewy and gave the stock a "hold" rating in a research note on Monday, April 14th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat, Chewy has an average rating of "Moderate Buy" and an average target price of $38.47.

Chewy Stock Performance

CHWY stock traded up $0.20 on Monday, reaching $37.00. The company had a trading volume of 2,657,986 shares, compared to its average volume of 7,383,250. The company's fifty day moving average is $34.03 and its 200 day moving average is $33.80. The company has a market cap of $15.30 billion, a P/E ratio of 40.60, a PEG ratio of 2.21 and a beta of 1.68. Chewy, Inc. has a 1 year low of $14.85 and a 1 year high of $40.09.

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

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.