Mutual of America Capital Management LLC Invests $2.92 Million in Chewy, Inc. (NYSE:CHWY)

Mutual of America Capital Management LLC purchased a new position in shares of Chewy, Inc. (NYSE:CHWY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 87,047 shares of the company’s stock, valued at approximately $2,915,000.

A number of other institutional investors have also recently bought and sold shares of CHWY. Wealth Enhancement Advisory Services LLC raised its stake in shares of Chewy by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company’s stock worth $661,000 after purchasing an additional 301 shares during the period. Blue Trust Inc. raised its position in Chewy by 22.9% in the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock worth $58,000 after acquiring an additional 320 shares during the period. Fifth Third Bancorp boosted its stake in Chewy by 83.0% in the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock valued at $33,000 after acquiring an additional 444 shares during the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of Chewy by 30.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,800 shares of the company’s stock valued at $94,000 after acquiring an additional 650 shares during the period. Finally, Allworth Financial LP increased its stake in shares of Chewy by 52.0% during the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock worth $71,000 after purchasing an additional 650 shares during the last quarter. Institutional investors own 93.09% of the company’s stock.

Chewy Stock Performance

NYSE CHWY opened at $35.03 on Friday. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $40.09. The company has a fifty day moving average of $36.77 and a 200-day moving average of $32.53. The company has a market capitalization of $14.26 billion, a P/E ratio of 38.49, a P/E/G ratio of 2.21 and a beta of 1.23.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.15. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.08) EPS. As a group, analysts forecast that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Insider Buying and Selling at Chewy

In related news, CEO Sumit Singh sold 9,285 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $40.00, for a total transaction of $371,400.00. Following the completion of the sale, the chief executive officer now directly owns 489,750 shares in the company, valued at $19,590,000. This represents a 1.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of Chewy stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $31.32, for a total value of $620,989,219.44. The disclosure for this sale can be found here. Insiders have sold 28,553,371 shares of company stock worth $933,605,214 over the last ninety days. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CHWY. Deutsche Bank Aktiengesellschaft upped their price objective on Chewy from $24.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, November 22nd. The Goldman Sachs Group upped their price target on Chewy from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Wolfe Research raised Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. Bank of America raised shares of Chewy from an “underperform” rating to a “buy” rating and upped their price objective for the company from $24.00 to $40.00 in a report on Wednesday, November 20th. Finally, Guggenheim set a $42.00 target price on shares of Chewy and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.30.

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.