Chewy, Inc. (NYSE:CHWY) Shares Bought by Alhambra Investment Management LLC

Alhambra Investment Management LLC lifted its position in shares of Chewy, Inc. (NYSE:CHWY) by 62.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,886 shares of the company’s stock after acquiring an additional 6,089 shares during the period. Alhambra Investment Management LLC’s holdings in Chewy were worth $532,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CHWY. Blue Trust Inc. raised its position in Chewy by 183.6% during the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock worth $38,000 after acquiring an additional 905 shares during the last quarter. Planning Capital Management Corp purchased a new position in shares of Chewy during the 3rd quarter worth approximately $52,000. Future Financial Wealth Managment LLC purchased a new stake in Chewy in the 3rd quarter valued at approximately $62,000. Wilmington Savings Fund Society FSB acquired a new stake in Chewy during the 3rd quarter valued at $63,000. Finally, Castleview Partners LLC purchased a new position in Chewy during the third quarter worth $76,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Chewy Stock Down 0.8 %

Shares of NYSE:CHWY opened at $36.99 on Friday. The company has a 50 day moving average of $33.85 and a two-hundred day moving average of $29.51. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $39.10. The company has a market capitalization of $15.06 billion, a price-to-earnings ratio of 40.64, a price-to-earnings-growth ratio of 4.06 and a beta of 1.10.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.15. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.08) EPS. On average, equities analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current year.

Insider Activity at Chewy

In other Chewy news, CEO Sumit Singh sold 114,130 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $37.70, for a total transaction of $4,302,701.00. Following the sale, the chief executive officer now owns 529,809 shares in the company, valued at $19,973,799.30. This represents a 17.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Satish Mehta sold 8,056 shares of Chewy stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $33.47, for a total value of $269,634.32. Following the completion of the transaction, the chief technology officer now owns 585,962 shares of the company’s stock, valued at approximately $19,612,148.14. The trade was a 1.36 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,086,041 shares of company stock valued at $915,797,988. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Barclays increased their price objective on Chewy from $34.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Morgan Stanley lifted their price target on shares of Chewy from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Wolfe Research upgraded shares of Chewy from a “peer perform” rating to an “outperform” rating in a research report on Friday, January 3rd. TD Cowen initiated coverage on shares of Chewy in a research note on Wednesday, October 9th. They issued a “buy” rating and a $38.00 target price for the company. Finally, BNP Paribas lowered Chewy from an “outperform” rating to a “neutral” rating in a research note on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.80.

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.