AMI Asset Management Corp Grows Stake in Chewy, Inc. (NYSE:CHWY)

AMI Asset Management Corp raised its position in Chewy, Inc. (NYSE:CHWY) by 0.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 607,501 shares of the company’s stock after purchasing an additional 1,273 shares during the period. AMI Asset Management Corp owned about 0.15% of Chewy worth $20,345,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Chewy by 1.5% in the 4th 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 in the last quarter. Blue Trust Inc. grew its position in shares of Chewy by 183.6% in the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after purchasing an additional 905 shares during the period. Washington Trust Advisors Inc. grew its holdings in Chewy by 0.3% in the 3rd quarter. Washington Trust Advisors Inc. now owns 278,452 shares of the company’s stock valued at $8,156,000 after buying an additional 923 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Chewy by 10.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company’s stock valued at $308,000 after purchasing an additional 1,029 shares during the period. Finally, D.A. Davidson & CO. grew its stake in shares of Chewy by 5.0% during the 3rd quarter. D.A. Davidson & CO. now owns 26,219 shares of the company’s stock valued at $768,000 after buying an additional 1,244 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CHWY. Wolfe Research upgraded Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. Piper Sandler raised their price objective on Chewy from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. BNP Paribas lowered Chewy from an “outperform” rating to a “neutral” rating in a research note on Thursday, December 5th. The Goldman Sachs Group boosted their price target on Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, UBS Group raised their target price on Chewy from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, Chewy presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.80.

Insider Buying and Selling

In other news, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of Chewy stock in a transaction on Friday, December 13th. The stock was sold at an average price of $31.32, for a total transaction of $620,989,219.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Sumit Singh sold 71,161 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $32.50, for a total value of $2,312,732.50. Following the completion of the sale, the chief executive officer now owns 77,838 shares of the company’s stock, valued at approximately $2,529,735. This trade represents a 47.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,086,041 shares of company stock valued at $915,797,988 over the last 90 days. 2.10% of the stock is currently owned by company insiders.

Chewy Trading Down 0.8 %

NYSE CHWY opened at $36.99 on Tuesday. The company has a 50-day moving average price of $34.04 and a two-hundred day moving average price of $29.75. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $39.10. The stock has a market cap of $15.06 billion, a price-to-earnings ratio of 40.64, a price-to-earnings-growth ratio of 4.14 and a beta of 1.10.

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