Yousif Capital Management LLC Takes $1.86 Million Position in Chewy, Inc. (NYSE:CHWY)

Yousif Capital Management LLC acquired a new stake in Chewy, Inc. (NYSE:CHWY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 55,418 shares of the company's stock, valued at approximately $1,856,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of CHWY. Fifth Third Bancorp increased its stake in 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 period. Blue Trust Inc. increased its stake in Chewy by 183.6% during the third quarter. Blue Trust Inc. now owns 1,398 shares of the company's stock worth $38,000 after purchasing an additional 905 shares during the period. Planning Capital Management Corp purchased a new stake in Chewy during the third quarter worth about $52,000. Wilmington Savings Fund Society FSB purchased a new stake in Chewy during the third quarter worth about $63,000. Finally, Castleview Partners LLC purchased a new stake in Chewy during the third quarter worth about $76,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CHWY shares. Bank of America raised Chewy from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from $24.00 to $40.00 in a research report on Wednesday, November 20th. Royal Bank of Canada boosted their price objective on Chewy from $39.00 to $42.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. The Goldman Sachs Group boosted their price objective on Chewy from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. JMP Securities reissued a "market outperform" rating and set a $37.00 price objective on shares of Chewy in a research report on Monday, December 16th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Chewy in a research report on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $36.80.

Insider Buying and Selling

In related news, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the business's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $31.32, for a total value of $620,989,219.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Satish Mehta sold 8,056 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $33.47, for a total transaction of $269,634.32. Following the transaction, the chief technology officer now directly 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 have sold 28,561,427 shares of company stock worth $933,874,848 in the last three months. Corporate insiders own 2.10% of the company's stock.

Chewy Price Performance

Shares of NYSE CHWY traded down $0.34 during trading on Friday, hitting $37.64. 3,049,857 shares of the company were exchanged, compared to its average volume of 4,211,366. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $40.09. The firm's fifty day moving average price is $35.93 and its 200 day moving average price is $31.36. The company has a market cap of $15.32 billion, a price-to-earnings ratio of 41.36, a PEG 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, topping 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 for the quarter, compared to analyst estimates of $2.86 billion. During the same period in the previous year, the firm earned ($0.08) EPS. The business's revenue for the quarter was up 5.2% compared to the same quarter last year. On average, research analysts forecast that Chewy, Inc. will post 0.24 earnings per share for the current 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.