Militia Capital Management LLC Purchases Shares of 30,664 Chewy $CHWY

Militia Capital Management LLC acquired a new stake in shares of Chewy (NYSE:CHWY) during the first quarter, Holdings Channel reports. The fund acquired 30,664 shares of the company’s stock, valued at approximately $828,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Chewy by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 19,920,347 shares of the company’s stock valued at $658,367,000 after acquiring an additional 1,017,214 shares during the period. Wellington Management Group LLP grew its position in Chewy by 295.9% during the 3rd quarter. Wellington Management Group LLP now owns 17,622,768 shares of the company’s stock worth $712,841,000 after acquiring an additional 13,171,325 shares during the last quarter. Viking Global Investors LP increased its stake in Chewy by 146.9% in the 4th quarter. Viking Global Investors LP now owns 13,536,645 shares of the company’s stock worth $447,386,000 after purchasing an additional 8,052,955 shares during the period. AQR Capital Management LLC increased its stake in Chewy by 10.0% in the 4th quarter. AQR Capital Management LLC now owns 11,218,840 shares of the company’s stock worth $370,558,000 after purchasing an additional 1,022,694 shares during the period. Finally, Morgan Stanley lifted its position in Chewy by 33.8% in the fourth quarter. Morgan Stanley now owns 7,660,258 shares of the company’s stock valued at $253,172,000 after purchasing an additional 1,937,014 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CHWY. Wall Street Zen lowered Chewy from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $23.00 target price on shares of Chewy in a research note on Thursday, June 11th. BNP Paribas Exane reiterated a “neutral” rating and set a $28.00 price target (down from $38.00) on shares of Chewy in a report on Thursday, March 26th. Robert W. Baird dropped their price target on shares of Chewy from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, June 11th. Finally, Citizens Jmp cut their price target on shares of Chewy from $45.00 to $28.00 and set a “market outperform” rating on the stock in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.05.

Chewy Trading Down 5.0%

NYSE:CHWY opened at $20.44 on Friday. The company has a 50-day moving average price of $20.28 and a 200-day moving average price of $24.68. Chewy has a 12 month low of $17.40 and a 12 month high of $43.50. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 34.07, a P/E/G ratio of 1.09 and a beta of 1.45.

Insider Activity

In other Chewy news, General Counsel Da-Wai Hu sold 4,203 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $19.49, for a total value of $81,916.47. Following the completion of the sale, the general counsel directly owned 4,103 shares in the company, valued at $79,967.47. This trade represents a 50.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sumit Singh sold 83,306 shares of Chewy stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $25.60, for a total value of $2,132,633.60. Following the sale, the chief executive officer directly owned 874,061 shares in the company, valued at approximately $22,375,961.60. The trade was a 8.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 91,729 shares of company stock worth $2,322,582 in the last quarter. 0.34% of the stock is owned by corporate insiders.

About Chewy

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.