Militia Capital Management LLC Buys New Shares in Chewy $CHWY

Militia Capital Management LLC bought a new position in shares of Chewy (NYSE:CHWY) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 32,242 shares of the company’s stock, valued at approximately $871,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHWY. Royal Bank of Canada boosted its position in shares of Chewy by 2.5% during the 1st quarter. Royal Bank of Canada now owns 220,509 shares of the company’s stock worth $7,168,000 after purchasing an additional 5,466 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Chewy during the 1st quarter worth approximately $510,000. NewEdge Advisors LLC boosted its holdings in Chewy by 5,238.3% in the first quarter. NewEdge Advisors LLC now owns 32,510 shares of the company’s stock worth $1,057,000 after acquiring an additional 31,901 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Chewy by 1.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company’s stock worth $38,236,000 after acquiring an additional 17,788 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Chewy by 31.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 383,966 shares of the company’s stock valued at $12,483,000 after acquiring an additional 92,129 shares during the period. 93.09% of the stock is owned by institutional investors.

Chewy Price Performance

NYSE CHWY opened at $20.44 on Friday. The company has a fifty day moving average price of $20.28 and a 200-day moving average price of $24.68. The firm has a market cap of $8.37 billion, a price-to-earnings ratio of 34.07, a PEG ratio of 1.09 and a beta of 1.45. Chewy has a 1 year low of $17.40 and a 1 year high of $43.50.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CHWY shares. Zacks Research lowered Chewy from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 25th. Argus upgraded shares of Chewy to a “strong-buy” rating in a research note on Tuesday, April 7th. Weiss Ratings downgraded shares of Chewy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. UBS Group dropped their price objective on shares of Chewy from $32.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, June 11th. Finally, Mizuho lowered their target price on shares of Chewy from $50.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.05.

Insider Activity

In other news, CEO Sumit Singh sold 4,220 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $25.60, for a total value of $108,032.00. Following the transaction, the chief executive officer owned 123,955 shares in the company, valued at $3,173,248. The trade was a 3.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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. Also, General Counsel Da-Wai Hu sold 4,203 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $19.49, for a total value of $81,916.47. Following the completion of the transaction, the general counsel directly owned 4,103 shares of the company’s stock, valued at approximately $79,967.47. This represents a 50.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 91,729 shares of company stock valued at $2,322,582. Company insiders own 0.34% of the company’s stock.

Chewy Profile

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.