Los Angeles Capital Management LLC Invests $1.20 Million in Chewy, Inc. (NYSE:CHWY)

Los Angeles Capital Management LLC purchased a new position in Chewy, Inc. (NYSE:CHWY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,890 shares of the company's stock, valued at approximately $1,202,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHWY. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Chewy by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company's stock worth $661,000 after buying an additional 301 shares during the last quarter. Blue Trust Inc. boosted its position in 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 purchasing an additional 320 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Chewy by 83.0% during the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company's stock valued at $33,000 after purchasing an additional 444 shares during the last quarter. Wilmington Savings Fund Society FSB increased its holdings in Chewy by 30.2% during the fourth 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 during the last quarter. Finally, Allworth Financial LP grew its position in shares of Chewy by 52.0% during the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company's stock valued at $71,000 after acquiring an additional 650 shares during the period. 93.09% of the stock is owned by institutional investors.

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Chewy Stock Up 7.4 %

Shares of NYSE CHWY traded up $2.54 during mid-day trading on Wednesday, reaching $36.86. 7,800,772 shares of the company were exchanged, compared to its average volume of 4,818,024. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $40.09. The firm has a 50-day moving average of $36.75 and a 200 day moving average of $32.52. The stock has a market cap of $15.01 billion, a price-to-earnings ratio of 40.50, a P/E/G ratio of 2.21 and a beta of 1.23.

Chewy (NYSE:CHWY - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.15. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.08) earnings per share. On average, equities analysts forecast that Chewy, Inc. will post 0.24 earnings per share for the current year.

Insider Activity at Chewy

In other Chewy news, CEO Sumit Singh sold 71,161 shares of Chewy stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $32.50, for a total transaction of $2,312,732.50. Following the completion of the sale, the chief executive officer now directly owns 77,838 shares in the company, valued at approximately $2,529,735. The trade was a 47.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the company's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $31.32, for a total transaction of $620,989,219.44. The disclosure for this sale can be found here. Insiders have sold 28,553,371 shares of company stock valued at $933,605,214 in the last ninety days. Corporate insiders own 2.10% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on CHWY. Deutsche Bank Aktiengesellschaft lifted their target price on Chewy from $24.00 to $28.00 and gave the company a "hold" rating in a research report on Friday, November 22nd. Citigroup raised shares of Chewy from a "neutral" rating to a "buy" rating and raised their target price for the company from $28.00 to $40.00 in a research note on Friday, November 8th. Wolfe Research upgraded shares of Chewy from a "peer perform" rating to an "outperform" rating in a research report on Friday, January 3rd. Guggenheim set a $42.00 target price on shares of Chewy and gave the company a "buy" rating in a research note on Tuesday, February 4th. Finally, BNP Paribas cut Chewy from an "outperform" rating to a "neutral" rating in a report on Thursday, December 5th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $37.30.

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.