Chewy, Inc. (NYSE:CHWY) Shares Sold by Alhambra Investment Management LLC

Alhambra Investment Management LLC lowered its position in Chewy, Inc. (NYSE:CHWY) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,501 shares of the company’s stock after selling 385 shares during the quarter. Alhambra Investment Management LLC’s holdings in Chewy were worth $504,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in Chewy by 150.2% in the 1st quarter. Parallel Advisors LLC now owns 788 shares of the company’s stock worth $26,000 after buying an additional 473 shares in the last quarter. Banque Transatlantique SA acquired a new position in Chewy in the 4th quarter worth $30,000. UMB Bank n.a. lifted its holdings in Chewy by 225.7% in the 1st quarter. UMB Bank n.a. now owns 1,866 shares of the company’s stock worth $61,000 after buying an additional 1,293 shares in the last quarter. Allworth Financial LP raised its stake in shares of Chewy by 52.0% in the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock valued at $71,000 after purchasing an additional 650 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Chewy in the 4th quarter valued at about $67,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Trading Down 1.6%

NYSE CHWY opened at $45.78 on Wednesday. Chewy, Inc. has a 52 week low of $19.75 and a 52 week high of $48.62. The stock has a market cap of $18.94 billion, a price-to-earnings ratio of 50.30, a price-to-earnings-growth ratio of 2.21 and a beta of 1.75. The company has a 50-day moving average price of $39.25 and a two-hundred day moving average price of $36.50.

Chewy (NYSE:CHWY) last announced its earnings results on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.03 by $0.25. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the company earned $0.07 earnings per share. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. As a group, equities research analysts expect that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CHWY. Barclays upped their target price on shares of Chewy from $44.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, May 28th. Wedbush restated an “outperform” rating and issued a $39.00 target price on shares of Chewy in a research note on Thursday, March 27th. The Goldman Sachs Group upped their target price 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. Cowen reiterated a “buy” rating on shares of Chewy in a research note on Friday. Finally, Seaport Res Ptn upgraded shares of Chewy to a “hold” rating in a research note on Monday, March 24th. Eight investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.22.

Insider Activity at Chewy

In related news, CFO David Reeder sold 11,582 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $36.44, for a total value of $422,048.08. Following the sale, the chief financial officer now directly owns 397,556 shares in the company, valued at $14,486,940.64. The trade was a 2.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sumit Singh sold 8,552 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $33.35, for a total transaction of $285,209.20. Following the sale, the chief executive officer now directly owns 62,096 shares of the company’s stock, valued at approximately $2,070,901.60. This represents a 12.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 236,046 shares of company stock valued at $9,387,635 over the last 90 days. 0.43% of the stock is currently owned by corporate insiders.

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.