Symmetry Investments LP Purchases New Shares in Chewy, Inc. (NYSE:CHWY)

Symmetry Investments LP acquired a new stake in shares of Chewy, Inc. (NYSE:CHWY) in the 4th quarter, Holdings Channel reports. The firm acquired 12,500 shares of the company’s stock, valued at approximately $419,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CHWY. T. Rowe Price Investment Management Inc. grew its position in Chewy by 0.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 557,543 shares of the company’s stock worth $18,673,000 after acquiring an additional 2,939 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Chewy by 8.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,768 shares of the company’s stock worth $1,399,000 after purchasing an additional 3,100 shares during the period. Stifel Financial Corp increased its position in shares of Chewy by 12.0% during the 4th quarter. Stifel Financial Corp now owns 423,815 shares of the company’s stock valued at $14,194,000 after purchasing an additional 45,476 shares during the last quarter. State of Tennessee Department of Treasury purchased a new stake in Chewy during the 4th quarter valued at $1,954,000. Finally, Tower Research Capital LLC TRC lifted its position in Chewy by 37.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,793 shares of the company’s stock worth $361,000 after buying an additional 2,921 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO David Reeder sold 307,558 shares of Chewy 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 owns 546,257 shares in the company, valued at $20,473,712.36. The trade was a 36.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sumit Singh sold 9,285 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $40.00, for a total value of $371,400.00. Following the transaction, the chief executive officer now owns 489,750 shares in the company, valued at $19,590,000. This represents a 1.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 537,831 shares of company stock valued at $20,246,710 in the last quarter. 2.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CHWY shares. Argus raised shares of Chewy from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research note on Thursday, March 27th. Mizuho raised their price target on shares of Chewy from $42.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, March 27th. The Goldman Sachs Group upped their target price on shares of Chewy from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, March 27th. Finally, JMP Securities dropped their price objective on Chewy from $40.00 to $39.00 and set a “market outperform” rating on the stock in a research note on Monday, April 14th. Six 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 an average rating of “Moderate Buy” and an average target price of $38.47.

Chewy Stock Performance

Shares of CHWY opened at $36.00 on Wednesday. The stock has a 50-day moving average of $34.14 and a two-hundred day moving average of $33.63. The stock has a market cap of $14.89 billion, a P/E ratio of 39.56, a P/E/G ratio of 2.21 and a beta of 1.68. Chewy, Inc. has a one year low of $14.69 and a one year high of $40.09.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.25. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.20 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. Chewy’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the firm posted $0.07 EPS. Analysts predict that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

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.