Chewy, Inc. (NYSE:CHWY) Shares Purchased by UMB Bank n.a.

UMB Bank n.a. increased its holdings in shares of Chewy, Inc. (NYSE:CHWY) by 225.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,866 shares of the company’s stock after acquiring an additional 1,293 shares during the quarter. UMB Bank n.a.’s holdings in Chewy were worth $61,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Retireful LLC acquired a new stake in Chewy during the first quarter worth about $1,082,000. Hennion & Walsh Asset Management Inc. raised its stake in Chewy by 23.3% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 7,578 shares of the company’s stock worth $246,000 after acquiring an additional 1,431 shares during the period. Rhumbline Advisers raised its stake in Chewy by 10.1% during the first quarter. Rhumbline Advisers now owns 280,851 shares of the company’s stock worth $9,130,000 after acquiring an additional 25,755 shares during the period. Somerset Trust Co raised its stake in Chewy by 11.1% during the first quarter. Somerset Trust Co now owns 14,098 shares of the company’s stock worth $458,000 after acquiring an additional 1,412 shares during the period. Finally, Global Financial Private Client LLC raised its stake in Chewy by 48.4% during the first quarter. Global Financial Private Client LLC now owns 4,684 shares of the company’s stock worth $152,000 after acquiring an additional 1,528 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insider Buying and Selling

In related news, CTO Satish Mehta sold 9,243 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $36.50, for a total value of $337,369.50. Following the completion of the transaction, the chief technology officer now owns 276,467 shares of the company’s stock, valued at approximately $10,091,045.50. This trade represents a 3.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sumit Singh sold 8,552 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was 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 directly owns 62,096 shares of the company’s stock, valued at $2,070,901.60. This represents a 12.11% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 236,046 shares of company stock worth $9,387,635. Corporate insiders own 0.43% of the company’s stock.

Chewy Stock Performance

Shares of NYSE:CHWY opened at $41.62 on Friday. The stock has a market capitalization of $17.22 billion, a price-to-earnings ratio of 45.74, a PEG ratio of 2.21 and a beta of 1.75. Chewy, Inc. has a 1-year low of $19.75 and a 1-year high of $48.62. The company has a 50 day moving average price of $39.84 and a 200 day moving average price of $36.63.

Chewy (NYSE:CHWY) last issued its earnings results on Wednesday, June 11th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share. On average, sell-side analysts expect that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CHWY shares. Cowen reiterated a “buy” rating on shares of Chewy in a research note on Friday, June 6th. JMP Securities dropped their price target on shares of Chewy from $40.00 to $39.00 and set a “market outperform” rating on the stock in a research note on Monday, April 14th. Guggenheim raised their price target on shares of Chewy from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank of Canada raised their price target on shares of Chewy from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, The Goldman Sachs Group raised their price target on shares of Chewy from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Nine investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, Chewy currently has an average rating of “Moderate Buy” and an average price target of $43.72.

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.