MBM Wealth Consultants LLC bought a new position in Chewy, Inc. (NYSE:CHWY – Get Rating) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,000 shares of the company’s stock, valued at approximately $41,000.
Other large investors have also made changes to their positions in the company. Panagora Asset Management Inc. grew its holdings in Chewy by 1.1% during the 4th quarter. Panagora Asset Management Inc. now owns 17,137 shares of the company’s stock worth $1,011,000 after acquiring an additional 189 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in Chewy by 3.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 9,914 shares of the company’s stock worth $585,000 after acquiring an additional 289 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Chewy by 254.1% during the 4th quarter. First Horizon Advisors Inc. now owns 517 shares of the company’s stock worth $30,000 after acquiring an additional 371 shares during the last quarter. CWM LLC grew its holdings in Chewy by 84.9% during the 1st quarter. CWM LLC now owns 845 shares of the company’s stock worth $34,000 after acquiring an additional 388 shares during the last quarter. Finally, Mutual Advisors LLC grew its holdings in Chewy by 11.1% during the 4th quarter. Mutual Advisors LLC now owns 4,500 shares of the company’s stock worth $265,000 after acquiring an additional 450 shares during the last quarter. Institutional investors own 99.39% of the company’s stock.
Insiders Place Their Bets
In related news, Director James A. Star bought 181,478 shares of the company’s stock in a transaction on Monday, June 13th. The shares were purchased at an average cost of $27.44 per share, for a total transaction of $4,979,756.32. Following the acquisition, the director now owns 325,987 shares of the company’s stock, valued at approximately $8,945,083.28. The purchase was disclosed in a filing with the SEC, which is available at this link. In other Chewy news, Director James A. Star acquired 181,478 shares of the stock in a transaction dated Monday, June 13th. The shares were bought at an average cost of $27.44 per share, for a total transaction of $4,979,756.32. Following the completion of the acquisition, the director now directly owns 325,987 shares of the company’s stock, valued at $8,945,083.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Susan Helfrick sold 37,261 shares of Chewy stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $27.18, for a total transaction of $1,012,753.98. Following the completion of the sale, the general counsel now owns 108,629 shares in the company, valued at $2,952,536.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 592,525 shares of company stock worth $21,341,163. Company insiders own 1.80% of the company’s stock.
Chewy Price Performance
Chewy (NYSE:CHWY – Get Rating) last announced its earnings results on Tuesday, August 30th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.16. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.45 billion. Chewy had a negative net margin of 0.58% and a negative return on equity of 85.74%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the company posted ($0.04) EPS. Equities research analysts expect that Chewy, Inc. will post -0.11 earnings per share for the current year.
Analysts Set New Price Targets
CHWY has been the topic of a number of research analyst reports. Piper Sandler increased their price objective on shares of Chewy to $34.00 in a report on Tuesday, September 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Chewy from $52.00 to $40.00 in a report on Wednesday, August 31st. The Goldman Sachs Group reduced their target price on shares of Chewy from $59.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, June 6th. Needham & Company LLC raised shares of Chewy from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Monday, June 27th. Finally, Wells Fargo & Company reduced their target price on shares of Chewy from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, June 3rd. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Chewy has an average rating of “Moderate Buy” and a consensus price target of $48.44.
Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company 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 www.chewy.com retail Website, as well as its mobile applications.
- Get a free copy of the StockNews.com research report on Chewy (CHWY)
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