Senvest Management LLC Buys 50,000 Shares of Chewy, Inc. (NYSE:CHWY)

Senvest Management LLC boosted its holdings in Chewy, Inc. (NYSE:CHWY - Free Report) by 29.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 222,298 shares of the company's stock after buying an additional 50,000 shares during the quarter. Senvest Management LLC owned approximately 0.05% of Chewy worth $7,445,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Fifth Third Bancorp increased its holdings in 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 in the last quarter. Blue Trust Inc. increased its stake in shares of Chewy by 22.9% in the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock valued at $58,000 after buying an additional 320 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Chewy in the 3rd quarter valued at approximately $63,000. Allworth Financial LP boosted its position in Chewy by 52.0% during the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company's stock worth $71,000 after buying an additional 650 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in Chewy during the 4th quarter worth approximately $86,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHWY has been the topic of a number of recent research reports. Evercore ISI upgraded shares of 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 report on Monday, January 13th. Barclays lifted their target price on Chewy from $40.00 to $44.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft set a $27.00 price target on Chewy and gave the company a "hold" rating in a research note on Monday. Morgan Stanley reduced their target price on Chewy from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Argus upgraded shares of Chewy from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $38.47.

Insider Transactions at Chewy

In other news, CEO Sumit Singh sold 13,472 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $37.55, for a total transaction of $505,873.60. Following the completion of the sale, the chief executive officer now directly owns 505,109 shares in the company, valued at approximately $18,966,842.95. This represents a 2.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Satish Mehta sold 83,639 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $40.00, for a total value of $3,345,560.00. Following the transaction, the chief technology officer now owns 334,218 shares in the company, valued at approximately $13,368,720. This represents a 20.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 551,303 shares of company stock worth $20,752,583. Company insiders own 2.10% of the company's stock.

Chewy Price Performance

NYSE CHWY traded up $0.42 during trading hours on Friday, reaching $35.18. 4,897,067 shares of the stock traded hands, compared to its average volume of 7,423,399. The company has a market cap of $14.55 billion, a price-to-earnings ratio of 38.66, a price-to-earnings-growth ratio of 2.21 and a beta of 1.68. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $40.09. The stock has a 50 day simple moving average of $34.25 and a two-hundred day simple moving average of $33.52.

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

About Chewy

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.