Chewy, Inc. (NYSE:CHWY) Shares Bought by Bridgewater Associates LP

Bridgewater Associates LP lifted its stake in Chewy, Inc. (NYSE:CHWY - Free Report) by 1,558.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 650,708 shares of the company's stock after purchasing an additional 611,479 shares during the quarter. Bridgewater Associates LP owned about 0.16% of Chewy worth $21,792,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Chewy by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company's stock valued at $661,000 after acquiring an additional 301 shares during the period. Blue Trust Inc. boosted its stake in shares of Chewy by 22.9% during 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 during the period. Fifth Third Bancorp grew its holdings in shares of Chewy by 83.0% in the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company's stock worth $33,000 after purchasing an additional 444 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Chewy by 8.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,650 shares of the company's stock worth $189,000 after buying an additional 450 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted its holdings in Chewy by 30.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,800 shares of the company's stock valued at $94,000 after buying an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company's stock.

Chewy Price Performance

NYSE:CHWY traded down $1.25 during mid-day trading on Monday, hitting $33.99. The company's stock had a trading volume of 1,282,416 shares, compared to its average volume of 7,403,171. The stock has a market cap of $14.06 billion, a price-to-earnings ratio of 37.35, a PEG ratio of 2.21 and a beta of 1.68. The business's fifty day moving average is $34.25 and its two-hundred day moving average is $33.58. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $40.09.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.03 by $0.25. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the firm posted $0.07 EPS. The business's quarterly revenue was up 15.0% compared to the same quarter last year. Analysts anticipate that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Guggenheim set a $42.00 target price on shares of Chewy and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Seaport Res Ptn raised Chewy to a "hold" rating in a research report on Monday, March 24th. Deutsche Bank Aktiengesellschaft set a $27.00 price target on Chewy and gave the company a "hold" rating in a research note on Monday, April 14th. Citigroup boosted their price target on shares of Chewy from $40.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Finally, JMP Securities cut their price objective on shares of Chewy from $40.00 to $39.00 and set a "market outperform" rating on the stock in a report on Monday, April 14th. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $38.47.

Insider Activity at Chewy

In related news, CTO Satish Mehta sold 71,365 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $35.60, for a total value of $2,540,594.00. Following the completion of the sale, the chief technology officer now owns 262,853 shares of the company's stock, valued at approximately $9,357,566.80. This trade represents a 21.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sumit Singh sold 13,472 shares of the company's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $37.55, for a total value of $505,873.60. Following the completion of the sale, the chief executive officer now owns 505,109 shares of the company's stock, valued at approximately $18,966,842.95. The trade was a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 551,303 shares of company stock worth $20,752,583 in the last 90 days. Corporate insiders own 2.10% of the company's stock.

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.