Chewy, Inc. (NYSE:CHWY) Shares Sold by Zuckerman Investment Group LLC

Zuckerman Investment Group LLC cut its holdings in shares of Chewy, Inc. (NYSE:CHWY) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 532,114 shares of the company’s stock after selling 10,553 shares during the quarter. Chewy accounts for 1.7% of Zuckerman Investment Group LLC’s investment portfolio, making the stock its 24th largest position. Zuckerman Investment Group LLC owned approximately 0.13% of Chewy worth $17,820,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its position in Chewy by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company’s stock worth $661,000 after acquiring an additional 301 shares in the last quarter. Blue Trust Inc. grew its position in 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 in the last quarter. Fifth Third Bancorp grew its position 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 buying an additional 444 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Chewy by 8.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,650 shares of the company’s stock worth $189,000 after purchasing an additional 450 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted 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 purchasing an additional 650 shares during the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHWY has been the topic of several recent analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Chewy in a research note on Thursday, March 27th. Barclays boosted their price objective on Chewy from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. The Goldman Sachs Group boosted their price objective on shares of Chewy from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Citigroup boosted their price objective on shares of Chewy from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Finally, 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. Six equities research 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, Chewy presently has an average rating of “Moderate Buy” and a consensus price target of $38.47.

Chewy Trading Up 6.4 %

Shares of NYSE CHWY opened at $33.21 on Thursday. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $40.09. The business has a 50-day moving average of $34.73 and a 200-day moving average of $33.30. The firm has a market capitalization of $13.74 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 2.21 and a beta of 1.68.

Chewy (NYSE:CHWY) last issued its quarterly earnings data 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 business earned $0.07 EPS. On average, analysts predict that Chewy, Inc. will post 0.24 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Satish Mehta sold 71,365 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $35.60, for a total transaction of $2,540,594.00. Following the transaction, the chief technology officer now directly owns 262,853 shares in the company, valued at approximately $9,357,566.80. The trade was a 21.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Sumit Singh sold 8,552 shares of Chewy stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $33.35, for a total transaction of $285,209.20. Following the sale, the chief executive officer now owns 62,096 shares of the company’s stock, valued at approximately $2,070,901.60. This represents a 12.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 837,538 shares of company stock valued at $31,310,938. Company insiders own 2.10% of the company’s stock.

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.