Pacer Advisors Inc. Acquires Shares of 21,369 Chewy, Inc. (NYSE:CHWY)

Pacer Advisors Inc. purchased a new position in Chewy, Inc. (NYSE:CHWY) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 21,369 shares of the company’s stock, valued at approximately $716,000.

Other hedge funds have also bought and sold shares of the company. Fifth Third Bancorp raised its position in Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after buying an additional 444 shares during the last quarter. Blue Trust Inc. boosted its stake in Chewy by 183.6% in the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock worth $38,000 after purchasing an additional 905 shares during the period. Planning Capital Management Corp purchased a new stake in Chewy during the 3rd quarter valued at approximately $52,000. Future Financial Wealth Managment LLC bought a new stake in shares of Chewy during the third quarter valued at approximately $62,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Chewy in the third quarter worth $63,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Insider Activity

In other Chewy news, CTO Satish Mehta sold 8,056 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $33.47, for a total transaction of $269,634.32. Following the completion of the sale, the chief technology officer now owns 585,962 shares of the company’s stock, valued at $19,612,148.14. This trade represents a 1.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sumit Singh sold 9,285 shares of Chewy stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $40.00, for a total value of $371,400.00. Following the completion of the sale, the chief executive officer now directly owns 489,750 shares of the company’s stock, valued at $19,590,000. The trade was a 1.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,196,437 shares of company stock worth $920,170,901 over the last quarter. 2.10% of the stock is currently owned by corporate insiders.

Chewy Stock Performance

Shares of CHWY stock opened at $38.10 on Tuesday. The stock’s 50-day simple moving average is $34.99 and its 200-day simple moving average is $30.55. The firm has a market capitalization of $15.52 billion, a PE ratio of 41.87, a P/E/G ratio of 4.36 and a beta of 1.10. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $40.09.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on CHWY. Evercore ISI upgraded Chewy from an “in-line” rating to an “outperform” rating and raised their price target for the company from $34.00 to $47.00 in a report on Monday, January 13th. Morgan Stanley boosted their target price on Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Argus raised Chewy from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Wolfe Research raised Chewy from a “peer perform” rating to an “outperform” rating in a research report on Friday, January 3rd. Finally, BNP Paribas cut Chewy from an “outperform” rating to a “neutral” rating in a report on Thursday, December 5th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, Chewy presently has a consensus rating of “Moderate Buy” and an average price target of $36.80.

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.