Econ Financial Services Corp Invests $458,000 in Chewy, Inc. (NYSE:CHWY)

Econ Financial Services Corp purchased a new position in shares of Chewy, Inc. (NYSE:CHWY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,674 shares of the company's stock, valued at approximately $458,000.

Several other hedge funds have also recently bought and sold shares of the company. Money Concepts Capital Corp acquired a new stake in shares of Chewy during the fourth quarter valued at about $225,000. Yousif Capital Management LLC bought a new stake in shares of Chewy during the 4th quarter valued at about $1,856,000. Retirement Systems of Alabama acquired a new stake in shares of Chewy during the 4th quarter worth approximately $14,812,000. CENTRAL TRUST Co lifted its position in shares of Chewy by 45.4% during the 4th quarter. CENTRAL TRUST Co now owns 3,913 shares of the company's stock valued at $131,000 after acquiring an additional 1,222 shares during the period. Finally, Oak Harvest Investment Services bought a new position in Chewy during the fourth quarter worth $2,245,000. 93.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on CHWY shares. Morgan Stanley raised their target price on Chewy from $38.00 to $40.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Chewy from $24.00 to $28.00 and gave the stock a "hold" rating in a research report on Friday, November 22nd. Wolfe Research raised Chewy from a "peer perform" rating to an "outperform" rating in a research note on Friday, January 3rd. The Goldman Sachs Group raised their price objective on Chewy from $35.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Chewy in a research report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, Chewy has a consensus rating of "Moderate Buy" and a consensus target price of $36.80.

Insider Transactions at Chewy

In other news, CEO Sumit Singh sold 4,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $37.52, for a total value of $150,080.00. Following the completion of the transaction, the chief executive officer now owns 518,581 shares of the company's stock, valued at approximately $19,457,159.12. This represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of Chewy stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $31.32, for a total value of $620,989,219.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,253,869 shares of company stock worth $922,347,574. 2.10% of the stock is currently owned by insiders.

Chewy Stock Performance

Shares of CHWY stock traded down $1.52 on Friday, hitting $37.17. 4,056,589 shares of the company's stock traded hands, compared to its average volume of 4,211,366. The stock has a market capitalization of $15.13 billion, a price-to-earnings ratio of 40.84, a P/E/G ratio of 2.32 and a beta of 1.10. The company's fifty day simple moving average is $35.43 and its 200 day simple moving average is $30.96. Chewy, Inc. has a one year low of $14.69 and a one year high of $40.09.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.15. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.86 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The business's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. As a group, sell-side analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Chewy Company 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.