Versor Investments LP Makes New Investment in Chewy, Inc. (NYSE:CHWY)

Versor Investments LP bought a new position in shares of Chewy, Inc. (NYSE:CHWY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 33,300 shares of the company's stock, valued at approximately $1,115,000.

Several other hedge funds have also modified their holdings of CHWY. Eagle Asset Management Inc. boosted its position in Chewy by 97.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company's stock worth $60,485,000 after acquiring an additional 975,647 shares during the period. Centiva Capital LP purchased a new stake in shares of Chewy in the third quarter worth approximately $2,949,000. Geode Capital Management LLC boosted its holdings in shares of Chewy by 8.4% during the third quarter. Geode Capital Management LLC now owns 1,550,844 shares of the company's stock worth $45,443,000 after purchasing an additional 119,633 shares during the period. Birch Hill Investment Advisors LLC purchased a new position in Chewy during the fourth quarter valued at approximately $1,174,000. Finally, Simplify Asset Management Inc. acquired a new position in Chewy in the 3rd quarter valued at approximately $5,379,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Chewy news, CFO David Reeder sold 307,558 shares of the business's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $37.48, for a total value of $11,527,273.84. Following the completion of the transaction, the chief financial officer now directly owns 546,257 shares of the company's stock, valued at approximately $20,473,712.36. The trade was a 36.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sumit Singh sold 71,161 shares of the firm's stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $32.50, for a total value of $2,312,732.50. Following the sale, the chief executive officer now directly owns 77,838 shares in the company, valued at approximately $2,529,735. This represents a 47.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,561,427 shares of company stock worth $933,874,848. Company insiders own 2.10% of the company's stock.

Chewy Stock Up 3.1 %

NYSE CHWY traded up $1.14 during trading hours on Friday, hitting $37.27. The company's stock had a trading volume of 3,929,849 shares, compared to its average volume of 4,675,580. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $40.09. The stock has a fifty day moving average of $36.71 and a 200 day moving average of $32.37. The firm has a market capitalization of $15.17 billion, a P/E ratio of 40.95, a PEG ratio of 2.21 and a beta of 1.10.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CHWY. Bank of America raised Chewy from an "underperform" rating to a "buy" rating and lifted their price objective for the company from $24.00 to $40.00 in a research report on Wednesday, November 20th. JPMorgan Chase & Co. lifted their target price on shares of Chewy from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Guggenheim set a $42.00 price target on Chewy and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Evercore ISI upgraded Chewy from an "in-line" rating to an "outperform" rating and increased their target price for the company from $34.00 to $47.00 in a research note on Monday, January 13th. Finally, BNP Paribas lowered shares of Chewy from an "outperform" rating to a "neutral" rating in a research report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, Chewy has a consensus rating of "Moderate Buy" and an average price target of $37.30.

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.