American Trust Invests $533,000 in Chewy, Inc. (NYSE:CHWY)

American Trust purchased a new stake in shares of Chewy, Inc. (NYSE:CHWYGet Rating) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,066 shares of the company’s stock, valued at approximately $533,000.

Several other hedge funds also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky boosted its position in shares of Chewy by 11.8% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 440,067 shares of the company’s stock valued at $17,945,000 after purchasing an additional 46,468 shares in the last quarter. Verition Fund Management LLC boosted its position in shares of Chewy by 9.5% during the first quarter. Verition Fund Management LLC now owns 16,667 shares of the company’s stock valued at $680,000 after purchasing an additional 1,446 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of Chewy during the first quarter valued at approximately $427,000. Gabelli Funds LLC boosted its position in shares of Chewy by 17.0% during the first quarter. Gabelli Funds LLC now owns 9,650 shares of the company’s stock valued at $394,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in shares of Chewy during the first quarter valued at approximately $1,965,000. 99.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays lifted their price target on Chewy from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Monday, August 29th. Wedbush lowered their price objective on Chewy from $44.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, August 31st. Guggenheim lowered their price objective on Chewy from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, August 31st. Deutsche Bank Aktiengesellschaft lowered their price objective on Chewy from $52.00 to $40.00 in a research note on Wednesday, August 31st. Finally, Needham & Company LLC upgraded Chewy from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Monday, June 27th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $48.44.

Chewy Price Performance

Shares of CHWY opened at $35.17 on Friday. Chewy, Inc. has a one year low of $22.22 and a one year high of $80.57. The firm has a market capitalization of $14.87 billion, a P/E ratio of -251.20 and a beta of 0.44. The business has a fifty day moving average of $41.06 and a 200 day moving average of $37.31.

Chewy (NYSE:CHWYGet Rating) last issued its quarterly earnings data on Tuesday, August 30th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.16. Chewy had a negative return on equity of 85.74% and a negative net margin of 0.58%. The company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the previous year, the company posted ($0.04) earnings per share. Chewy’s revenue was up 12.8% compared to the same quarter last year. Analysts expect that Chewy, Inc. will post -0.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Stacy Bowman sold 11,422 shares of Chewy stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $50.00, for a total value of $571,100.00. Following the completion of the sale, the insider now owns 181,970 shares of the company’s stock, valued at $9,098,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Chewy news, insider Stacy Bowman sold 11,422 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $50.00, for a total transaction of $571,100.00. Following the completion of the sale, the insider now owns 181,970 shares of the company’s stock, valued at $9,098,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sumit Singh sold 217,986 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $49.29, for a total value of $10,744,529.94. Following the sale, the chief executive officer now directly owns 504,715 shares of the company’s stock, valued at approximately $24,877,402.35. The disclosure for this sale can be found here. Insiders sold 241,156 shares of company stock valued at $11,790,954 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Chewy Company Profile

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Chewy (NYSE:CHWY)

Receive News & Ratings for Chewy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chewy and related companies with MarketBeat.com's FREE daily email newsletter.