WINTON GROUP Ltd Buys New Shares in Chewy, Inc. (NYSE:CHWY)

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

A number of other hedge funds also recently made changes to their positions in CHWY. Artisan Partners Limited Partnership purchased a new position in shares of Chewy in the 4th quarter worth $10,164,000. EntryPoint Capital LLC acquired a new stake in Chewy during the fourth quarter worth about $203,000. Corebridge Financial Inc. purchased a new position in shares of Chewy in the 4th quarter worth about $6,208,000. Vanguard Group Inc. lifted its stake in shares of Chewy by 31.8% in the 4th quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company’s stock valued at $485,093,000 after purchasing an additional 3,493,926 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Chewy by 0.6% during the 4th quarter. LPL Financial LLC now owns 120,669 shares of the company’s stock worth $4,041,000 after purchasing an additional 771 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Price Performance

Chewy stock opened at $32.68 on Friday. The company has a market cap of $13.31 billion, a PE ratio of 35.91, a P/E/G 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. The company has a fifty day moving average price of $36.00 and a two-hundred day moving average price of $33.13.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 earnings per share 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 business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the firm earned $0.07 EPS. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. Equities research analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current year.

Analyst Ratings Changes

CHWY has been the topic of a number of recent research reports. Guggenheim set a $42.00 price target on shares of Chewy and gave the company a “buy” rating in a research report on Tuesday, February 4th. UBS Group upped their target price 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. Wedbush reiterated an “outperform” rating and issued a $39.00 price objective on shares of Chewy in a report on Thursday. Barclays upped their price objective on shares of Chewy from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, The Goldman Sachs Group boosted their price target on Chewy from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.68.

Insider Activity

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $35.77, for a total transaction of $250,390,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sumit Singh sold 9,285 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $40.00, for a total transaction of $371,400.00. Following the completion of the transaction, the chief executive officer now owns 489,750 shares of the company’s stock, valued at approximately $19,590,000. This trade represents a 1.86 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,083,269 shares of company stock valued at $290,611,129. 2.10% of the stock is currently owned by insiders.

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.