WINTON GROUP Ltd Acquires Shares of 45,133 Chewy, Inc. (NYSE:CHWY)

WINTON GROUP Ltd bought a new stake in Chewy, Inc. (NYSE:CHWY) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 45,133 shares of the company’s stock, valued at approximately $1,512,000.

Several other hedge funds have also made changes to their positions in CHWY. Vanguard Group Inc. raised its stake in Chewy by 31.8% during the 4th quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company’s stock valued at $485,093,000 after acquiring an additional 3,493,926 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of 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 last quarter. FMR LLC lifted its holdings in shares of Chewy by 166.8% during the third quarter. FMR LLC now owns 3,995,329 shares of the company’s stock worth $117,023,000 after purchasing an additional 2,497,689 shares during the period. ArrowMark Colorado Holdings LLC grew its position in 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 during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Chewy in the 4th quarter valued at $69,789,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insider Activity at Chewy

In related news, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the company’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 SEC, which is accessible through this hyperlink. Also, CTO Satish Mehta sold 71,365 shares of Chewy stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $35.60, for a total transaction of $2,540,594.00. Following the completion of the sale, the chief technology officer now directly owns 262,853 shares of the company’s stock, valued at $9,357,566.80. The trade was a 21.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,083,269 shares of company stock valued at $290,611,129 over the last quarter. Insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CHWY. Mizuho lifted their target price on shares of Chewy from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday. Wedbush reaffirmed an “outperform” rating and issued a $39.00 price objective on shares of Chewy in a report on Thursday. The Goldman Sachs Group raised their price target on Chewy from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday. Seaport Res Ptn raised Chewy to a “hold” rating in a report on Monday. Finally, Piper Sandler increased their price objective on Chewy from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.68.

Chewy Price Performance

Shares of NYSE CHWY opened at $32.68 on Friday. The firm’s 50-day moving average is $36.00 and its two-hundred day moving average is $33.13. The company has a market capitalization of $13.31 billion, a PE ratio of 35.91, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23. Chewy, Inc. has a 12-month low of $14.69 and a 12-month high of $40.09.

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