Kazazian Asset Management LLC Has $2.78 Million Holdings in Chewy $CHWY

Kazazian Asset Management LLC increased its holdings in shares of Chewy (NYSE:CHWY) by 62.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,000 shares of the company’s stock after buying an additional 32,269 shares during the period. Chewy accounts for about 2.9% of Kazazian Asset Management LLC’s investment portfolio, making the stock its 5th biggest holding. Kazazian Asset Management LLC’s holdings in Chewy were worth $2,776,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Winslow Asset Management Inc. bought a new stake in shares of Chewy during the third quarter worth approximately $6,171,000. Vanguard Group Inc. raised its stake in shares of Chewy by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 19,920,347 shares of the company’s stock worth $658,367,000 after buying an additional 1,017,214 shares during the last quarter. WINTON GROUP Ltd raised its stake in shares of Chewy by 110.6% during the third quarter. WINTON GROUP Ltd now owns 239,800 shares of the company’s stock worth $9,700,000 after buying an additional 125,943 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Chewy by 2,715.2% during the third quarter. Federated Hermes Inc. now owns 664,079 shares of the company’s stock worth $26,862,000 after buying an additional 640,490 shares during the last quarter. Finally, Intech Investment Management LLC raised its stake in shares of Chewy by 218.6% during the third quarter. Intech Investment Management LLC now owns 173,300 shares of the company’s stock worth $7,010,000 after buying an additional 118,903 shares during the last quarter. 93.09% of the stock is owned by institutional investors.

Insider Activity at Chewy

In related news, General Counsel Da-Wai Hu sold 8,149 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total transaction of $219,289.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sumit Singh sold 83,306 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $25.60, for a total transaction of $2,132,633.60. Following the transaction, the chief executive officer owned 874,061 shares of the company’s stock, valued at $22,375,961.60. The trade was a 8.70% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 95,675 shares of company stock valued at $2,459,955 in the last quarter. Corporate insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on CHWY shares. Wedbush lowered their target price on shares of Chewy from $42.00 to $36.00 and set an “outperform” rating for the company in a research note on Thursday, March 26th. Barclays lowered their target price on shares of Chewy from $52.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. Zacks Research raised shares of Chewy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. Guggenheim reaffirmed a “buy” rating and issued a $45.00 target price on shares of Chewy in a research note on Monday, April 27th. Finally, UBS Group lowered their target price on shares of Chewy from $42.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $42.77.

Chewy Stock Up 0.2%

Chewy stock opened at $20.77 on Monday. The stock has a market capitalization of $8.65 billion, a PE ratio of 39.94, a price-to-earnings-growth ratio of 0.90 and a beta of 1.50. Chewy has a twelve month low of $19.30 and a twelve month high of $48.62. The company has a 50 day moving average of $24.82 and a 200-day moving average of $28.77.

Chewy (NYSE:CHWY) last released its quarterly earnings results on Wednesday, March 25th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.19). The company had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.26 billion. Chewy had a net margin of 1.77% and a return on equity of 53.48%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 EPS. Equities analysts anticipate that Chewy will post 0.89 EPS for the current fiscal year.

About Chewy

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.