Chewy, Inc. (NYSE:CHWY) Holdings Decreased by Thompson Investment Management Inc.

Thompson Investment Management Inc. trimmed its stake in Chewy, Inc. (NYSE:CHWY - Free Report) by 17.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 234,940 shares of the company's stock after selling 49,545 shares during the quarter. Chewy accounts for 1.1% of Thompson Investment Management Inc.'s portfolio, making the stock its 28th largest position. Thompson Investment Management Inc. owned about 0.06% of Chewy worth $7,868,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CHWY. Wealth Enhancement Advisory Services LLC lifted its position in shares of Chewy by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company's stock worth $661,000 after purchasing an additional 301 shares during the last quarter. Blue Trust Inc. raised 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 acquiring an additional 320 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Chewy by 83.0% during the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company's stock worth $33,000 after purchasing an additional 444 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in Chewy by 30.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,800 shares of the company's stock valued at $94,000 after acquiring an additional 650 shares in the last quarter. Finally, Washington Trust Advisors Inc. lifted its holdings in Chewy by 0.3% during the 3rd quarter. Washington Trust Advisors Inc. now owns 278,452 shares of the company's stock worth $8,156,000 after buying an additional 923 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company's stock.

Chewy Stock Performance

Shares of Chewy stock traded up $0.33 on Wednesday, hitting $37.56. 2,843,258 shares of the company traded hands, compared to its average volume of 4,861,501. The business has a 50-day simple moving average of $35.59 and a 200 day simple moving average of $31.18. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $40.09. The stock has a market capitalization of $15.29 billion, a P/E ratio of 41.27, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10.

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

Insider Transactions at Chewy

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of Chewy stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $31.32, for a total transaction of $620,989,219.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sumit Singh sold 4,000 shares of the company's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $37.52, for a total value of $150,080.00. Following the completion of the sale, the chief executive officer now owns 518,581 shares in the company, valued at $19,457,159.12. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,561,427 shares of company stock valued at $933,874,848. Company insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

CHWY has been the subject of a number of analyst reports. Piper Sandler lifted their price objective on Chewy from $35.00 to $40.00 and gave the stock an "overweight" rating in a research note on Monday, December 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Chewy from $24.00 to $28.00 and gave the company a "hold" rating in a report on Friday, November 22nd. Bank of America raised Chewy from an "underperform" rating to a "buy" rating and boosted their price target for the stock from $24.00 to $40.00 in a research report on Wednesday, November 20th. Citigroup raised shares of Chewy from a "neutral" rating to a "buy" rating and upped their target price for the company from $28.00 to $40.00 in a report on Friday, November 8th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $37.00 price objective on shares of Chewy in a research report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Chewy has a consensus rating of "Moderate Buy" and a consensus target price of $36.80.

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.