Counterpoint Mutual Funds LLC Takes Position in Chewy, Inc. (NYSE:CHWY)

Counterpoint Mutual Funds LLC bought a new stake in Chewy, Inc. (NYSE:CHWY) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 18,346 shares of the company’s stock, valued at approximately $292,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CHWY. Allspring Global Investments Holdings LLC raised its stake in Chewy by 15.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,022 shares of the company’s stock valued at $95,000 after buying an additional 543 shares during the last quarter. Signaturefd LLC raised its stake in Chewy by 37.8% during the fourth quarter. Signaturefd LLC now owns 3,358 shares of the company’s stock valued at $79,000 after buying an additional 922 shares during the last quarter. Liberty One Investment Management LLC raised its stake in Chewy by 23.7% during the fourth quarter. Liberty One Investment Management LLC now owns 6,483 shares of the company’s stock valued at $153,000 after buying an additional 1,241 shares during the last quarter. Vontobel Holding Ltd. raised its stake in Chewy by 4.6% during the fourth quarter. Vontobel Holding Ltd. now owns 29,178 shares of the company’s stock valued at $689,000 after buying an additional 1,295 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in Chewy by 5.0% during the fourth quarter. Arizona State Retirement System now owns 33,305 shares of the company’s stock valued at $787,000 after buying an additional 1,593 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Insider Buying and Selling at Chewy

In other Chewy news, CEO Sumit Singh sold 6,728 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total transaction of $104,485.84. Following the completion of the sale, the chief executive officer now owns 129,991 shares of the company’s stock, valued at $2,018,760.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Sumit Singh sold 6,728 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total value of $104,485.84. Following the transaction, the chief executive officer now directly owns 129,991 shares in the company, valued at $2,018,760.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Stacy Bowman sold 8,025 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total value of $124,628.25. Following the completion of the transaction, the chief accounting officer now owns 243,769 shares in the company, valued at $3,785,732.57. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,862 shares of company stock valued at $1,047,242. Company insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CHWY. Morgan Stanley lifted their price objective on Chewy from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. The Goldman Sachs Group decreased their price target on Chewy from $36.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Deutsche Bank Aktiengesellschaft boosted their price target on Chewy from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. JMP Securities restated a “market outperform” rating and issued a $28.00 price target on shares of Chewy in a research note on Friday, March 15th. Finally, Jefferies Financial Group decreased their price target on Chewy from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.31.

Chewy Stock Down 2.8 %

NYSE:CHWY traded down $0.84 during mid-day trading on Wednesday, hitting $29.15. 22,317,000 shares of the company traded hands, compared to its average volume of 9,762,767. The stock’s fifty day moving average price is $19.10 and its 200-day moving average price is $18.80. Chewy, Inc. has a one year low of $14.69 and a one year high of $40.22. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 160.50, a price-to-earnings-growth ratio of 4.97 and a beta of 1.00.

Chewy (NYSE:CHWY) last released its quarterly earnings results on Wednesday, May 29th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.11. Chewy had a return on equity of 16.62% and a net margin of 0.73%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.85 billion. Equities analysts predict that Chewy, Inc. will post 0.2 EPS for the current year.

Chewy Company 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.