Chewy, Inc. (NYSE:CHWY) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in Chewy, Inc. (NYSE:CHWY) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,813 shares of the company’s stock after selling 605 shares during the period. Yousif Capital Management LLC’s holdings in Chewy were worth $1,782,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CHWY. Vanguard Group Inc. grew its holdings in shares of Chewy by 31.8% during the fourth quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company’s stock worth $485,093,000 after purchasing an additional 3,493,926 shares during the last quarter. FMR LLC grew its holdings in shares of Chewy by 32.4% during the fourth quarter. FMR LLC now owns 5,288,757 shares of the company’s stock worth $177,120,000 after purchasing an additional 1,293,428 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Chewy by 9.8% during the fourth quarter. Bank of New York Mellon Corp now owns 4,489,237 shares of the company’s stock worth $150,345,000 after purchasing an additional 399,330 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of Chewy by 47.4% during the fourth quarter. Clearbridge Investments LLC now owns 3,866,680 shares of the company’s stock worth $129,495,000 after purchasing an additional 1,243,981 shares during the last quarter. Finally, Durable Capital Partners LP purchased a new position in shares of Chewy during the fourth quarter worth about $79,050,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Chewy news, CEO Sumit Singh sold 8,552 shares of Chewy stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $33.35, for a total value of $285,209.20. Following the completion of the sale, the chief executive officer now directly owns 62,096 shares of the company’s stock, valued at approximately $2,070,901.60. The trade was a 12.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David Reeder sold 11,582 shares of Chewy stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $36.44, for a total transaction of $422,048.08. Following the completion of the sale, the chief financial officer now directly owns 397,556 shares of the company’s stock, valued at $14,486,940.64. The trade was a 2.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 236,046 shares of company stock worth $9,387,635 in the last ninety days. Insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $44.00 price objective (up previously from $42.00) on shares of Chewy in a report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft set a $27.00 price target on Chewy and gave the stock a “hold” rating in a report on Monday, April 14th. Barclays raised their price target on Chewy from $44.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, May 28th. Mizuho lowered Chewy from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $43.00 to $47.00 in a report on Monday, June 9th. Finally, Wedbush reissued an “outperform” rating and set a $45.00 price target (up previously from $39.00) on shares of Chewy in a report on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.72.

Chewy Trading Up 0.1%

CHWY stock opened at $41.71 on Tuesday. Chewy, Inc. has a 12-month low of $19.75 and a 12-month high of $48.62. The company has a market cap of $17.25 billion, a price-to-earnings ratio of 45.83, a PEG ratio of 2.21 and a beta of 1.75. The firm has a 50 day moving average of $40.05 and a 200-day moving average of $36.74.

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

Chewy Company 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.