Wellington Management Group LLP Has $23.97 Million Holdings in Chewy, Inc. (NYSE:CHWY)

Wellington Management Group LLP cut its holdings in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 22.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 715,851 shares of the company's stock after selling 205,890 shares during the quarter. Wellington Management Group LLP owned about 0.18% of Chewy worth $23,974,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fifth Third Bancorp raised its holdings in shares of Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company's stock worth $33,000 after purchasing an additional 444 shares during the period. Blue Trust Inc. increased its position in Chewy by 22.9% during the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock worth $58,000 after purchasing an additional 320 shares in the last quarter. Allworth Financial LP raised its holdings in Chewy by 52.0% in the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company's stock valued at $71,000 after buying an additional 650 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Chewy during the third quarter valued at approximately $63,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in Chewy during the fourth quarter worth approximately $86,000. Hedge funds and other institutional investors own 93.09% of the company's stock.

Chewy Stock Performance

Shares of NYSE:CHWY traded up $2.16 during trading hours on Friday, hitting $34.74. 7,821,089 shares of the company's stock traded hands, compared to its average volume of 7,478,083. The company's fifty day simple moving average is $34.54 and its two-hundred day simple moving average is $33.36. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $40.09. The company has a market cap of $14.37 billion, a price-to-earnings ratio of 38.17, a price-to-earnings-growth ratio of 2.21 and a beta of 1.68.

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Chewy (NYSE:CHWY - Get Free Report) last issued its earnings results 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 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 analysts' expectations of $3.20 billion. During the same period in the previous year, the firm posted $0.07 EPS. The company's quarterly revenue was up 15.0% on a year-over-year basis. On average, analysts anticipate that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CHWY shares. Barclays raised their price target on shares of Chewy from $40.00 to $44.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Citigroup lifted their price objective on Chewy from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Guggenheim set a $42.00 price target on shares of Chewy and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Royal Bank of Canada reiterated an "outperform" rating and set a $42.00 price objective on shares of Chewy in a research note on Thursday, March 27th. Finally, Evercore ISI upgraded Chewy from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $34.00 to $47.00 in a research note on Monday, January 13th. Six 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $38.47.

Insider Activity

In other Chewy news, CEO Sumit Singh sold 8,552 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $33.35, for a total transaction of $285,209.20. Following the transaction, the chief executive officer now directly owns 62,096 shares in the company, valued at $2,070,901.60. This trade represents a 12.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Satish Mehta sold 168,105 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $36.32, for a total value of $6,105,573.60. Following the transaction, the chief technology officer now directly owns 417,857 shares in the company, valued at approximately $15,176,566.24. This represents a 28.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 837,538 shares of company stock worth $31,310,938 in the last ninety days. Corporate insiders own 2.10% of the company's stock.

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.