Park Avenue Securities LLC Takes Position in Chewy, Inc. (NYSE:CHWY)

Park Avenue Securities LLC bought a new position in Chewy, Inc. (NYSE:CHWY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,917 shares of the company's stock, valued at approximately $232,000.

A number of other institutional investors have also modified their holdings of the stock. Fifth Third Wealth Advisors LLC bought a new position in Chewy in the fourth quarter worth about $222,000. Global Financial Private Client LLC acquired a new stake in shares of Chewy in the 4th quarter worth approximately $106,000. Wealth Enhancement Advisory Services LLC boosted its stake 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 purchasing an additional 301 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Chewy by 0.7% during the third quarter. Principal Financial Group Inc. now owns 531,709 shares of the company's stock worth $15,574,000 after acquiring an additional 3,814 shares during the period. Finally, Castellan Group bought a new stake in shares of Chewy in the 3rd quarter worth approximately $5,282,000. Institutional investors and hedge funds own 93.09% of the company's stock.

Analyst Upgrades and Downgrades

CHWY has been the subject of several analyst reports. Royal Bank of Canada upped their target price on Chewy from $39.00 to $42.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Robert W. Baird raised their target price on Chewy from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Monday, November 25th. JPMorgan Chase & Co. upped their price target on Chewy from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Citigroup upgraded Chewy from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $28.00 to $40.00 in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Chewy from $24.00 to $28.00 and gave the company a "hold" rating in a research report on Friday, November 22nd. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $36.80.

Insider Transactions at Chewy

In other Chewy news, CEO Sumit Singh sold 13,472 shares of Chewy stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $37.55, for a total transaction of $505,873.60. Following the sale, the chief executive officer now owns 505,109 shares in the company, valued at $18,966,842.95. The trade was a 2.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Satish Mehta sold 8,056 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $33.47, for a total transaction of $269,634.32. Following the completion of the transaction, the chief technology officer now owns 585,962 shares of the company's stock, valued at approximately $19,612,148.14. This represents a 1.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,103,513 shares of company stock worth $916,453,941 over the last three months. 2.10% of the stock is currently owned by insiders.

Chewy Trading Down 0.6 %

Chewy stock traded down $0.23 during trading hours on Monday, reaching $39.04. 3,188,952 shares of the company were exchanged, compared to its average volume of 5,701,140. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $39.62. The firm has a market cap of $15.90 billion, a price-to-earnings ratio of 42.91, a PEG ratio of 4.16 and a beta of 1.10. The stock has a 50-day moving average of $34.48 and a 200 day moving average of $30.12.

Chewy (NYSE:CHWY - Get Free Report) last posted its earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.15. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. Chewy's revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business posted ($0.08) EPS. As a group, research analysts forecast that Chewy, Inc. will post 0.24 EPS for the current 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.