Mutual of America Capital Management LLC Takes Position in Chewy, Inc. (NYSE:CHWY)

Mutual of America Capital Management LLC bought a new stake in Chewy, Inc. (NYSE:CHWY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 87,047 shares of the company's stock, valued at approximately $2,915,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Verus Capital Partners LLC purchased a new stake in Chewy during the fourth quarter worth about $309,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new stake in shares of Chewy during the 4th quarter worth approximately $124,000. Versor Investments LP purchased a new stake in shares of Chewy during the 4th quarter worth approximately $1,115,000. Oppenheimer & Co. Inc. raised its holdings in shares of Chewy by 26.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 26,792 shares of the company's stock worth $897,000 after purchasing an additional 5,572 shares during the period. Finally, Oregon Public Employees Retirement Fund purchased a new position in Chewy in the fourth quarter valued at approximately $1,122,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Piper Sandler boosted their target price on Chewy from $35.00 to $40.00 and gave the company an "overweight" rating in a research note on Monday, December 2nd. Argus upgraded Chewy from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. Wedbush reiterated an "outperform" rating and set a $39.00 target price (up previously from $35.00) on shares of Chewy in a research report on Thursday, December 5th. Needham & Company LLC reiterated a "hold" rating on shares of Chewy in a research note on Thursday, December 5th. Finally, UBS Group upped their price target on shares of Chewy from $30.00 to $34.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, Chewy currently has an average rating of "Moderate Buy" and a consensus target price of $37.30.

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Chewy Stock Down 4.9 %

Shares of Chewy stock traded down $1.73 during trading on Friday, hitting $33.36. 8,009,988 shares of the stock traded hands, compared to its average volume of 4,916,833. The stock has a market cap of $13.58 billion, a price-to-earnings ratio of 36.66, a PEG ratio of 2.21 and a beta of 1.23. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $40.09. The firm's fifty day moving average is $36.76 and its 200-day moving average is $32.62.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.15. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The business had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.86 billion. During the same quarter last year, the business posted ($0.08) EPS. The business's revenue was up 5.2% on a year-over-year basis. On average, analysts forecast that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Chewy

In other news, CFO David Reeder sold 307,558 shares of the business's stock in a transaction on 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 owns 546,257 shares in the company, valued at approximately $20,473,712.36. The trade was a 36.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sumit Singh sold 71,161 shares of the company's stock in a transaction dated Thursday, December 19th. The stock was 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 $2,529,735. This represents a 47.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,553,371 shares of company stock valued at $933,605,214. 2.10% of the stock is currently owned by company insiders.

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.