EntryPoint Capital LLC Takes $203,000 Position in Chewy, Inc. (NYSE:CHWY)

EntryPoint Capital LLC purchased a new stake in Chewy, Inc. (NYSE:CHWY) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,050 shares of the company’s stock, valued at approximately $203,000.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Chewy by 31.8% during the 4th quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company’s stock worth $485,093,000 after purchasing an additional 3,493,926 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Chewy by 9.8% during the fourth quarter. Bank of New York Mellon Corp now owns 4,489,237 shares of the company’s stock worth $150,345,000 after purchasing an additional 399,330 shares during the period. FMR LLC increased its holdings in Chewy by 166.8% in the 3rd quarter. FMR LLC now owns 3,995,329 shares of the company’s stock valued at $117,023,000 after buying an additional 2,497,689 shares during the period. ArrowMark Colorado Holdings LLC raised its position in shares of Chewy by 5.3% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,765,931 shares of the company’s stock valued at $81,014,000 after buying an additional 138,768 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Chewy during the 4th quarter worth approximately $69,789,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Chewy from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday. Wolfe Research raised Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. Barclays raised their price objective on Chewy from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday. Citigroup boosted their target price on Chewy from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, UBS Group raised their price target on shares of Chewy from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $38.68.

Chewy Price Performance

Shares of CHWY stock opened at $32.20 on Friday. The stock has a market capitalization of $13.11 billion, a PE ratio of 35.39, a PEG ratio of 2.21 and a beta of 1.23. The business’s 50 day simple moving average is $35.90 and its 200 day simple moving average is $33.21. Chewy, Inc. has a one year low of $14.69 and a one year high of $40.09.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.25. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the firm posted $0.07 EPS. The company’s quarterly revenue was up 15.0% on a year-over-year basis. As a group, research analysts expect that Chewy, Inc. will post 0.24 earnings per share for the current year.

Insider Transactions at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $35.77, for a total transaction of $250,390,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sumit Singh sold 4,000 shares of Chewy stock in a transaction on Friday, January 17th. The shares were sold at an average price of $37.52, for a total transaction of $150,080.00. Following the completion of the sale, the chief executive officer now owns 518,581 shares of the company’s stock, valued at $19,457,159.12. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,083,269 shares of company stock valued at $290,611,129. Corporate insiders own 2.10% of the company’s stock.

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.