Chewy, Inc. (NYSE:CHWY) Stock Holdings Lowered by Tompkins Financial Corp

Tompkins Financial Corp lessened its position in Chewy, Inc. (NYSE:CHWY) by 21.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,233 shares of the company’s stock after selling 2,500 shares during the period. Tompkins Financial Corp’s holdings in Chewy were worth $300,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CHWY. Banque Transatlantique SA bought a new position in Chewy in the 4th quarter worth about $30,000. Fifth Third Bancorp boosted 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 during the period. Blue Trust Inc. grew its holdings in Chewy by 22.9% in the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock worth $58,000 after buying an additional 320 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in Chewy in the 4th quarter worth approximately $67,000. Finally, Allworth Financial LP increased its position in Chewy by 52.0% in the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock valued at $71,000 after acquiring an additional 650 shares during the period. 93.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Morgan Stanley reduced their price target on Chewy from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. JMP Securities reduced their price objective on shares of Chewy from $40.00 to $39.00 and set a “market outperform” rating for the company in a report on Monday, April 14th. The Goldman Sachs Group raised their target price on shares of Chewy from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Wedbush restated an “outperform” rating and set a $39.00 price target on shares of Chewy in a research report on Thursday, March 27th. Finally, Citigroup upped their price target on shares of Chewy from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, March 27th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.28.

Chewy Stock Up 0.2%

NYSE:CHWY opened at $44.25 on Friday. The stock has a fifty day simple moving average of $37.06 and a 200 day simple moving average of $35.73. The firm has a market capitalization of $18.30 billion, a price-to-earnings ratio of 48.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.69. Chewy, Inc. has a 1-year low of $19.75 and a 1-year high of $45.01.

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

Insider Buying and Selling

In other news, CEO Sumit Singh sold 148,063 shares of the company’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $40.67, for a total value of $6,021,722.21. Following the transaction, the chief executive officer now owns 705,252 shares in the company, valued at $28,682,598.84. This represents a 17.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Satish Mehta sold 71,365 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $35.60, for a total transaction of $2,540,594.00. Following the completion of the sale, the chief technology officer now directly owns 262,853 shares of the company’s stock, valued at $9,357,566.80. This trade represents a 21.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 307,411 shares of company stock valued at $11,928,229. 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.