Yousif Capital Management LLC Invests $1.86 Million in Chewy, Inc. (NYSE:CHWY)

Yousif Capital Management LLC purchased a new position in shares of Chewy, Inc. (NYSE:CHWY) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 55,418 shares of the company’s stock, valued at approximately $1,856,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CHWY. Retirement Systems of Alabama acquired a new stake in Chewy in the fourth quarter worth $14,812,000. CENTRAL TRUST Co lifted its stake in Chewy by 45.4% in the 4th quarter. CENTRAL TRUST Co now owns 3,913 shares of the company’s stock valued at $131,000 after purchasing an additional 1,222 shares during the last quarter. Oak Harvest Investment Services bought a new position in Chewy during the fourth quarter worth $2,245,000. Legacy Trust boosted its stake in Chewy by 9.9% in the 4th quarter. Legacy Trust now owns 128,023 shares of the company’s stock valued at $4,287,000 after purchasing an additional 11,495 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in Chewy by 14.4% in the 4th quarter. Hantz Financial Services Inc. now owns 14,515 shares of the company’s stock valued at $486,000 after purchasing an additional 1,824 shares during the period. 93.09% of the stock is currently owned by institutional investors.

Chewy Price Performance

CHWY stock opened at $37.20 on Wednesday. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $40.09. The company has a market cap of $15.15 billion, a P/E ratio of 40.87, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. The stock’s fifty day moving average price is $35.52 and its 200-day moving average price is $31.10.

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 business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same period last year, the firm posted ($0.08) earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, analysts expect that Chewy, Inc. will post 0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CHWY shares. Barclays raised their target price on shares of Chewy from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, November 18th. JMP Securities reissued a “market outperform” rating and set a $37.00 target price on shares of Chewy in a research note on Monday, December 16th. Wolfe Research upgraded shares of Chewy from a “peer perform” rating to an “outperform” rating in a research report on Friday, January 3rd. Needham & Company LLC reissued a “hold” rating on shares of Chewy in a research report on Thursday, December 5th. Finally, Piper Sandler upped their target price on Chewy from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, Chewy has a consensus rating of “Moderate Buy” and a consensus target price of $36.80.

Insider Buying and Selling at Chewy

In other Chewy news, CTO Satish Mehta sold 8,056 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $33.47, for a total value of $269,634.32. Following the completion of the sale, the chief technology officer now owns 585,962 shares in the company, valued at $19,612,148.14. This represents a 1.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Sumit Singh sold 9,285 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $40.00, for a total value of $371,400.00. Following the completion of the transaction, the chief executive officer now directly owns 489,750 shares in the company, valued at $19,590,000. This trade represents a 1.86 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,561,427 shares of company stock valued at $933,874,848. Insiders own 2.10% of the company’s stock.

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.