CenterBook Partners LP Trims Position in Chewy, Inc. (NYSE:CHWY)

CenterBook Partners LP cut its stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 66.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,812 shares of the company's stock after selling 21,331 shares during the period. CenterBook Partners LP's holdings in Chewy were worth $362,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Fifth Third Bancorp raised its holdings in Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company's stock valued at $33,000 after acquiring an additional 444 shares during the period. Blue Trust Inc. raised its stake in Chewy by 22.9% in the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock valued at $58,000 after purchasing an additional 320 shares in the last quarter. Allworth Financial LP raised its position in shares of Chewy by 52.0% in the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company's stock valued at $71,000 after buying an additional 650 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Chewy during the 3rd quarter worth approximately $63,000. Finally, Union Bancaire Privee UBP SA bought a new stake in Chewy during the fourth quarter worth $86,000. 93.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CHWY. Royal Bank of Canada restated an "outperform" rating and set a $42.00 price objective on shares of Chewy in a research report on Thursday, March 27th. Mizuho raised their price target on shares of Chewy from $42.00 to $43.00 and gave the company an "outperform" rating in a research note on Thursday, March 27th. Morgan Stanley lowered their price objective on shares of Chewy from $40.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday. Needham & Company LLC restated a "hold" rating on shares of Chewy in a research report on Thursday, March 27th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Chewy from $40.00 to $36.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $38.47.

Insider Buying and Selling

In related news, CEO Sumit Singh sold 9,285 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $40.00, for a total value of $371,400.00. Following the transaction, the chief executive officer now owns 489,750 shares in the company, valued at approximately $19,590,000. This represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David Reeder sold 307,558 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $37.48, for a total transaction of $11,527,273.84. Following the sale, the chief financial officer now directly owns 546,257 shares in the company, valued at approximately $20,473,712.36. This trade represents a 36.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 551,303 shares of company stock worth $20,752,583. 2.10% of the stock is owned by company insiders.

Chewy Stock Up 1.2 %

CHWY stock traded up $0.42 during mid-day trading on Friday, reaching $35.18. 4,897,067 shares of the company traded hands, compared to its average volume of 7,418,036. The firm's 50 day moving average price is $34.29 and its 200 day moving average price is $33.48. The stock has a market cap of $14.55 billion, a price-to-earnings ratio of 38.66, a P/E/G ratio of 2.21 and a beta of 1.68. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $40.09.

Chewy (NYSE:CHWY - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the firm posted $0.07 EPS. The firm's quarterly revenue was up 15.0% compared to the same quarter last year. On average, analysts anticipate 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.