Centaurus Financial Inc. Buys Shares of 11,764 Chewy, Inc. (NYSE:CHWY)

Centaurus Financial Inc. purchased a new position in shares of Chewy, Inc. (NYSE:CHWY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,764 shares of the company’s stock, valued at approximately $320,000.

A number of other large investors have also made changes to their positions in the stock. EntryPoint Capital LLC increased its holdings in Chewy by 18.0% in the first quarter. EntryPoint Capital LLC now owns 4,066 shares of the company’s stock valued at $65,000 after buying an additional 619 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Chewy by 3.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 28,359 shares of the company’s stock worth $451,000 after acquiring an additional 870 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Chewy by 10.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company’s stock valued at $308,000 after purchasing an additional 1,029 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in Chewy during the second quarter worth $33,000. Finally, Camelot Portfolios LLC boosted its position in Chewy by 14.0% during the first quarter. Camelot Portfolios LLC now owns 10,200 shares of the company’s stock worth $162,000 after purchasing an additional 1,249 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Insider Activity

In related news, CTO Satish Mehta sold 2,894 shares of Chewy stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $22.24, for a total value of $64,362.56. Following the completion of the transaction, the chief technology officer now directly owns 573,463 shares in the company, valued at approximately $12,753,817.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Sumit Singh sold 14,338 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $22.24, for a total value of $318,877.12. Following the transaction, the chief executive officer now directly owns 1,398,271 shares in the company, valued at approximately $31,097,547.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Satish Mehta sold 2,894 shares of Chewy stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $22.24, for a total transaction of $64,362.56. Following the completion of the transaction, the chief technology officer now directly owns 573,463 shares of the company’s stock, valued at $12,753,817.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,888,627 shares of company stock worth $790,397,620. 2.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Robert W. Baird raised their target price on shares of Chewy from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. Morgan Stanley raised their price objective on shares of Chewy from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, August 26th. Guggenheim lifted their price objective on Chewy from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Bank of America increased their target price on Chewy from $20.00 to $24.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Finally, Argus cut Chewy from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.11.

Chewy Stock Performance

NYSE:CHWY opened at $29.02 on Friday. Chewy, Inc. has a one year low of $14.69 and a one year high of $39.10. The business’s 50-day simple moving average is $27.34 and its 200 day simple moving average is $22.70. The stock has a market cap of $12.62 billion, a price-to-earnings ratio of 161.22, a price-to-earnings-growth ratio of 2.98 and a beta of 1.05.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.86 billion. Chewy had a net margin of 3.20% and a return on equity of 21.00%. On average, equities research analysts predict that Chewy, Inc. will post 0.32 EPS for the current 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.