Rhumbline Advisers Has $8.54 Million Stock Holdings in Chewy, Inc. (NYSE:CHWY)

Rhumbline Advisers boosted its stake in Chewy, Inc. (NYSE:CHWY) by 4,096.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 255,096 shares of the company’s stock after buying an additional 249,017 shares during the period. Rhumbline Advisers owned approximately 0.06% of Chewy worth $8,543,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CHWY. Blue Trust Inc. grew its position in shares of Chewy by 183.6% in the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after purchasing an additional 905 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Chewy in the 3rd quarter valued at $12,140,000. CENTRAL TRUST Co grew its holdings in Chewy by 1,021.3% in the 3rd quarter. CENTRAL TRUST Co now owns 2,691 shares of the company’s stock valued at $79,000 after buying an additional 2,451 shares in the last quarter. AMI Asset Management Corp bought a new position in Chewy during the 3rd quarter worth $17,756,000. Finally, Pinnacle Associates Ltd. lifted its holdings in shares of Chewy by 36.7% during the third quarter. Pinnacle Associates Ltd. now owns 49,163 shares of the company’s stock worth $1,440,000 after buying an additional 13,200 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO David Reeder sold 307,558 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $37.48, for a total value of $11,527,273.84. Following the sale, the chief financial officer now owns 546,257 shares of the company’s stock, valued at $20,473,712.36. The trade was a 36.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the stock in a transaction 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.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CHWY shares. Argus upgraded shares of Chewy from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Chewy from $24.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, November 22nd. Wedbush reaffirmed 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. Piper Sandler boosted their price target on Chewy from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Finally, Wolfe Research upgraded Chewy from a “peer perform” rating to an “outperform” rating in a research note on Friday, January 3rd. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, Chewy presently has an average rating of “Moderate Buy” and an average price target of $37.30.

Chewy Trading Down 2.0 %

Shares of Chewy stock opened at $34.42 on Tuesday. The firm’s 50 day moving average is $36.47 and its 200 day moving average is $32.04. The firm has a market capitalization of $14.01 billion, a PE ratio of 37.82, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $40.09.

Chewy (NYSE:CHWY) last posted its earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.15. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. As a group, research analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current year.

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.