Zuckerman Investment Group LLC Lowers Stock Position in Chewy, Inc. (NYSE:CHWY)

Zuckerman Investment Group LLC lessened its stake in Chewy, Inc. (NYSE:CHWY - Free Report) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 532,114 shares of the company's stock after selling 10,553 shares during the quarter. Chewy makes up approximately 1.7% of Zuckerman Investment Group LLC's portfolio, making the stock its 24th biggest holding. Zuckerman Investment Group LLC owned 0.13% of Chewy worth $17,820,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of 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 buying an additional 301 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Chewy by 22.9% in the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock worth $58,000 after acquiring an additional 320 shares during the period. Fifth Third Bancorp grew its position in shares of Chewy by 83.0% in the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company's stock valued at $33,000 after purchasing an additional 444 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Chewy by 8.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,650 shares of the company's stock valued at $189,000 after purchasing 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 worth $94,000 after purchasing an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company's stock.

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Insider Activity at Chewy

In other news, CEO Sumit Singh sold 114,130 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $37.70, for a total transaction of $4,302,701.00. Following the completion of the transaction, the chief executive officer now directly owns 529,809 shares of the company's stock, valued at approximately $19,973,799.30. This represents a 17.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Satish Mehta sold 83,639 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $40.00, for a total value of $3,345,560.00. Following the completion of the sale, the chief technology officer now directly owns 334,218 shares in the company, valued at $13,368,720. The trade was a 20.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 837,538 shares of company stock worth $31,310,938 in the last three months. 2.10% of the stock is owned by insiders.

Analysts Set New Price Targets

CHWY has been the topic of several analyst reports. Guggenheim set a $42.00 price target on Chewy and gave the company a "buy" rating in a research report on Tuesday, February 4th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $42.00 target price on shares of Chewy in a report on Thursday, March 27th. Seaport Res Ptn raised shares of Chewy to a "hold" rating in a report on Monday, March 24th. Wedbush restated an "outperform" rating and set a $39.00 price target on shares of Chewy in a research report on Thursday, March 27th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Chewy in a research report on Thursday, March 27th. 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 target price of $38.47.

Chewy Price Performance

NYSE CHWY traded up $2.16 during trading on Friday, hitting $34.74. 7,821,089 shares of the company's stock traded hands, compared to its average volume of 7,460,982. The firm has a market cap of $14.37 billion, a P/E ratio of 38.17, a PEG ratio of 2.21 and a beta of 1.68. The stock has a fifty day moving average of $34.54 and a two-hundred day moving average of $33.36. Chewy, Inc. has a 12-month low of $14.69 and a 12-month high of $40.09.

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

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.