Chewy, Inc. (NYSE:CHWY) Shares Bought by Yarbrough Capital LLC

Yarbrough Capital LLC boosted its stake in shares of Chewy, Inc. (NYSE:CHWY) by 55.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 26,892 shares of the company’s stock after acquiring an additional 9,542 shares during the period. Yarbrough Capital LLC’s holdings in Chewy were worth $874,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CHWY. Vanguard Group Inc. raised its position in Chewy by 31.8% during the fourth quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company’s stock worth $485,093,000 after acquiring an additional 3,493,926 shares during the period. Durable Capital Partners LP acquired a new position in Chewy during the fourth quarter worth $79,050,000. Invesco Ltd. raised its position in Chewy by 4,577.5% during the fourth quarter. Invesco Ltd. now owns 2,191,146 shares of the company’s stock worth $73,381,000 after acquiring an additional 2,144,302 shares during the period. Raymond James Financial Inc. acquired a new position in Chewy during the fourth quarter worth $69,789,000. Finally, Alyeska Investment Group L.P. raised its position in Chewy by 6,336.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,609,149 shares of the company’s stock worth $53,890,000 after acquiring an additional 1,584,149 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Chewy Trading Up 1.4%

Chewy stock opened at $48.16 on Friday. Chewy, Inc. has a 12-month low of $19.75 and a 12-month high of $48.62. The stock has a market cap of $19.92 billion, a P/E ratio of 52.92, a PEG ratio of 2.21 and a beta of 1.75. The company has a 50-day moving average price of $38.76 and a 200 day moving average price of $36.36.

Chewy (NYSE:CHWY) last released its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 earnings per share (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 firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Chewy’s revenue was up 15.0% compared to the same quarter last year. During the same period last year, the business earned $0.07 earnings per share. As a group, analysts forecast that Chewy, Inc. will post 0.24 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on CHWY. Cowen restated a “buy” rating on shares of Chewy in a research report on Friday. UBS Group increased their target price on shares of Chewy from $36.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft set a $27.00 target price on shares of Chewy and gave the company a “hold” rating in a research report on Monday, April 14th. Seaport Res Ptn upgraded shares of Chewy to a “hold” rating in a research report on Monday, March 24th. Finally, Morgan Stanley reduced their target price on shares of Chewy from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $41.00.

Insiders Place Their Bets

In other Chewy news, CEO Sumit Singh sold 8,552 shares of the 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 completion of the transaction, the chief executive officer now owns 62,096 shares of the company’s stock, valued at $2,070,901.60. This trade represents a 12.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David Reeder sold 11,582 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $36.44, for a total transaction of $422,048.08. Following the transaction, the chief financial officer now directly owns 397,556 shares of the company’s stock, valued at approximately $14,486,940.64. This trade represents a 2.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 236,046 shares of company stock valued at $9,387,635 over the last 90 days. 0.43% of the stock is owned by company insiders.

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.