Thames Capital Management LLC Buys 43,030 Shares of Chewy, Inc. (NYSE:CHWY)

Thames Capital Management LLC grew its position in Chewy, Inc. (NYSE:CHWY - Free Report) by 42.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,715 shares of the company's stock after purchasing an additional 43,030 shares during the period. Chewy comprises about 1.3% of Thames Capital Management LLC's portfolio, making the stock its 29th largest position. Thames Capital Management LLC's holdings in Chewy were worth $4,813,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CHWY. Vanguard Group Inc. grew its position in Chewy by 31.8% in the 4th quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company's stock worth $485,093,000 after purchasing an additional 3,493,926 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Chewy by 9.8% in the fourth quarter. Bank of New York Mellon Corp now owns 4,489,237 shares of the company's stock valued at $150,345,000 after acquiring an additional 399,330 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Chewy by 47.4% during the fourth quarter. Clearbridge Investments LLC now owns 3,866,680 shares of the company's stock valued at $129,495,000 after acquiring an additional 1,243,981 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Chewy during the fourth quarter worth $69,789,000. Finally, Geode Capital Management LLC boosted its position in Chewy by 23.9% in the fourth quarter. Geode Capital Management LLC now owns 1,921,737 shares of the company's stock worth $64,389,000 after purchasing an additional 370,893 shares during the last quarter. 93.09% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CHWY shares. JPMorgan Chase & Co. decreased their target price on Chewy from $40.00 to $36.00 and set an "overweight" rating for the company in a research report on Tuesday. Mizuho lifted their price objective on shares of Chewy from $42.00 to $43.00 and gave the stock an "outperform" rating in a research report on Thursday, March 27th. Citigroup raised their price target on shares of Chewy from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. JMP Securities reiterated a "market outperform" rating and issued a $37.00 price objective on shares of Chewy in a research note on Monday, December 16th. Finally, Seaport Res Ptn raised Chewy to a "hold" rating in a research report on Monday, March 24th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Chewy has a consensus rating of "Moderate Buy" and a consensus target price of $38.47.

Insider Transactions at Chewy

In related news, CTO Satish Mehta sold 168,105 shares of the business's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $36.32, for a total value of $6,105,573.60. Following the completion of the sale, the chief technology officer now owns 417,857 shares in the company, valued at $15,176,566.24. The trade was a 28.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sumit Singh sold 114,130 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 529,809 shares in the company, valued at $19,973,799.30. The trade was a 17.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 837,538 shares of company stock valued at $31,310,938. 2.10% of the stock is owned by corporate insiders.

Chewy Stock Performance

Chewy stock traded up $1.58 during midday trading on Friday, reaching $34.16. 3,611,281 shares of the stock were exchanged, compared to its average volume of 7,508,697. The company's fifty day moving average is $34.62 and its 200-day moving average is $33.32. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $40.09. The firm has a market cap of $14.13 billion, a PE ratio of 37.46, a PEG ratio of 2.21 and a beta of 1.68.

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

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.