Wilmington Savings Fund Society FSB Boosts Stock Position in Chewy, Inc. (NYSE:CHWY)

Wilmington Savings Fund Society FSB lifted its position in Chewy, Inc. (NYSE:CHWY) by 30.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,800 shares of the company’s stock after purchasing an additional 650 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Chewy were worth $94,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHWY. Vontobel Holding Ltd. boosted its holdings in shares of Chewy by 33.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 24,513 shares of the company’s stock worth $718,000 after purchasing an additional 6,172 shares in the last quarter. Seven Grand Managers LLC purchased a new position in shares of Chewy in the 3rd quarter worth about $10,252,000. Blue Trust Inc. boosted its holdings in shares of Chewy by 183.6% in the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock worth $38,000 after purchasing an additional 905 shares in the last quarter. Castleview Partners LLC purchased a new position in shares of Chewy in the 3rd quarter worth about $76,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Chewy in the 3rd quarter worth about $12,140,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Chewy Stock Performance

Shares of NYSE:CHWY opened at $37.93 on Friday. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $40.09. The firm has a market capitalization of $15.44 billion, a P/E ratio of 41.68, a P/E/G ratio of 2.32 and a beta of 1.10. The stock has a 50 day moving average price of $35.67 and a 200-day moving average price of $31.23.

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

Insider Activity at Chewy

In related news, CTO Satish Mehta sold 8,056 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $33.47, for a total transaction of $269,634.32. Following the completion of the transaction, the chief technology officer now owns 585,962 shares of the company’s stock, valued at $19,612,148.14. This trade represents a 1.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were 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 sold a total of 28,561,427 shares of company stock valued at $933,874,848 in the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CHWY shares. Needham & Company LLC restated a “hold” rating on shares of Chewy in a report on Thursday, December 5th. Wedbush restated an “outperform” rating and set a $39.00 target price (up from $35.00) on shares of Chewy in a report on Thursday, December 5th. Argus upgraded Chewy from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Bank of America upgraded Chewy from an “underperform” rating to a “buy” rating and increased their target price for the company from $24.00 to $40.00 in a report on Wednesday, November 20th. Finally, Royal Bank of Canada increased their target price on Chewy from $39.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.80.

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.