Skylands Capital LLC Takes $52,000 Position in Chewy, Inc. (NYSE:CHWY)

Skylands Capital LLC acquired a new position in shares of Chewy, Inc. (NYSE:CHWY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,904 shares of the company’s stock, valued at approximately $52,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHWY. 1620 Investment Advisors Inc. bought a new stake in shares of Chewy in the 2nd quarter valued at approximately $33,000. First Horizon Advisors Inc. acquired a new position in Chewy during the second quarter worth $48,000. Quest Partners LLC bought a new position in shares of Chewy during the fourth quarter valued at $65,000. Future Financial Wealth Managment LLC bought a new position in shares of Chewy during the first quarter valued at $65,000. Finally, EntryPoint Capital LLC grew its holdings in shares of Chewy by 18.0% in the 1st quarter. EntryPoint Capital LLC now owns 4,066 shares of the company’s stock worth $65,000 after purchasing an additional 619 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chewy

In other Chewy news, CEO Sumit Singh sold 14,338 shares of Chewy stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $22.24, for a total transaction of $318,877.12. Following the transaction, the chief executive officer now directly owns 1,398,271 shares of the company’s stock, valued at approximately $31,097,547.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Chewy news, CTO Satish Mehta sold 2,894 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $22.24, for a total transaction of $64,362.56. Following the sale, the chief technology officer now owns 573,463 shares of the company’s stock, valued at $12,753,817.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sumit Singh sold 14,338 shares of Chewy stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $22.24, for a total value of $318,877.12. Following the completion of the transaction, the chief executive officer now directly owns 1,398,271 shares of the company’s stock, valued at $31,097,547.04. The disclosure for this sale can be found here. Insiders sold a total of 18,906,141 shares of company stock worth $540,973,233 in the last quarter. 2.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on CHWY. Robert W. Baird raised their price target on shares of Chewy from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. Wedbush reiterated an “outperform” rating and issued a $35.00 price objective on shares of Chewy in a research report on Thursday, August 8th. Citigroup boosted their target price on Chewy from $16.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Morgan Stanley increased their target price on shares of Chewy from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Raymond James lowered Chewy from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.57.

Chewy Trading Down 0.9 %

NYSE CHWY traded down $0.23 during trading on Tuesday, hitting $25.58. 6,141,894 shares of the company’s stock were exchanged, compared to its average volume of 9,545,033. The company has a market cap of $11.13 billion, a PE ratio of 142.94, a P/E/G ratio of 3.48 and a beta of 1.03. The stock’s 50 day moving average price is $25.51 and its two-hundred day moving average price is $20.30. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $39.10.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, May 29th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. Chewy had a return on equity of 16.62% and a net margin of 0.73%. The company had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Analysts forecast that Chewy, Inc. will post 0.23 earnings per share for the current fiscal year.

About Chewy

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.