Cwm LLC Has $97,000 Stock Holdings in Chewy (NYSE:CHWY)

Cwm LLC grew its position in shares of Chewy (NYSE:CHWY) by 36.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,988 shares of the company’s stock after purchasing an additional 801 shares during the quarter. Cwm LLC’s holdings in Chewy were worth $97,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Chewy by 31.8% in the fourth 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 during the last quarter. Durable Capital Partners LP bought a new stake in shares of Chewy in the fourth quarter worth $79,050,000. Invesco Ltd. grew its stake in shares of Chewy by 4,577.5% in the fourth quarter. Invesco Ltd. now owns 2,191,146 shares of the company’s stock worth $73,381,000 after purchasing an additional 2,144,302 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Chewy in the first quarter worth $61,390,000. Finally, Alyeska Investment Group L.P. grew its stake in shares of Chewy by 6,336.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,609,149 shares of the company’s stock worth $53,890,000 after purchasing an additional 1,584,149 shares during the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chewy

In related news, CFO David Reeder sold 11,582 shares of Chewy stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $36.44, for a total value of $422,048.08. Following the completion of the transaction, the chief financial officer directly owned 397,556 shares in the company, valued at approximately $14,486,940.64. The trade was a 2.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of Chewy stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $41.75, for a total transaction of $1,250,000,010.00. The disclosure for this sale can be found here. Insiders sold 30,167,614 shares of company stock valued at $1,259,102,436 over the last quarter. 0.43% of the stock is currently owned by insiders.

Analyst Ratings Changes

CHWY has been the topic of several analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $43.00 price objective (up previously from $41.00) on shares of Chewy in a research note on Thursday, June 5th. Wall Street Zen cut shares of Chewy from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. UBS Group boosted their price objective on shares of Chewy from $36.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, June 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $44.00 price target (up previously from $42.00) on shares of Chewy in a research report on Thursday, June 12th. Finally, Cowen reaffirmed a “buy” rating on shares of Chewy in a research report on Friday, June 6th. Nine equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Chewy presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.89.

Chewy Stock Down 0.9%

Chewy stock opened at $35.90 on Thursday. Chewy has a twelve month low of $19.75 and a twelve month high of $48.62. The firm has a 50 day moving average price of $41.57 and a 200-day moving average price of $38.02. The company has a market capitalization of $14.91 billion, a P/E ratio of 40.34, a P/E/G ratio of 7.56 and a beta of 1.71.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, June 11th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Chewy had a net margin of 3.21% and a return on equity of 35.04%. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the prior year, the firm earned $0.31 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. Equities analysts expect that Chewy 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.