Country Club Bank Lowers Stock Holdings in Chewy, Inc. (NYSE:CHWY)

Country Club Bank reduced its position in shares of Chewy, Inc. (NYSE:CHWY) by 1.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 176,019 shares of the company’s stock after selling 2,201 shares during the period. Country Club Bank’s holdings in Chewy were worth $6,022,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its holdings in Chewy by 166.8% in the third quarter. FMR LLC now owns 3,995,329 shares of the company’s stock valued at $117,023,000 after purchasing an additional 2,497,689 shares during the period. Eagle Asset Management Inc. boosted its holdings in Chewy by 97.9% in the third quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock valued at $60,485,000 after purchasing an additional 975,647 shares during the period. AMI Asset Management Corp purchased a new position in Chewy in the third quarter valued at $17,756,000. Quadrature Capital Ltd purchased a new position in Chewy in the third quarter valued at $13,699,000. Finally, Retirement Systems of Alabama purchased a new position in Chewy in the fourth quarter valued at $14,812,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Argus raised Chewy from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Citigroup raised Chewy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $28.00 to $40.00 in a report on Friday, November 8th. BNP Paribas downgraded Chewy from an “outperform” rating to a “neutral” rating in a report on Thursday, December 5th. Evercore ISI raised Chewy from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $34.00 to $47.00 in a report on Monday, January 13th. Finally, The Goldman Sachs Group lifted their price target on Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, Chewy presently has a consensus rating of “Moderate Buy” and an average target price of $36.80.

Chewy Stock Up 1.2 %

Shares of CHWY stock opened at $38.60 on Wednesday. The stock has a market capitalization of $15.72 billion, a PE ratio of 42.42, a price-to-earnings-growth ratio of 4.36 and a beta of 1.10. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $40.09. The stock’s 50-day moving average price is $35.15 and its 200 day moving average price is $30.73.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.15. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company 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) EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts expect that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Satish Mehta sold 8,056 shares of the business’s stock in a transaction that occurred 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 sale, the chief technology officer now owns 585,962 shares of the company’s stock, valued at $19,612,148.14. The trade was a 1.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sumit Singh sold 9,285 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $40.00, for a total value of $371,400.00. Following the sale, the chief executive officer now directly owns 489,750 shares in the company, valued at $19,590,000. This trade represents a 1.86 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,196,437 shares of company stock worth $920,170,901. Company insiders own 2.10% of the company’s stock.

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.