Chewy, Inc. (NYSE:CHWY) Shares Acquired by Capricorn Fund Managers Ltd

Capricorn Fund Managers Ltd grew its holdings in shares of Chewy, Inc. (NYSE:CHWY) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 139,500 shares of the company’s stock after purchasing an additional 1,500 shares during the period. Chewy accounts for 2.1% of Capricorn Fund Managers Ltd’s portfolio, making the stock its 17th biggest position. Capricorn Fund Managers Ltd’s holdings in Chewy were worth $4,772,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of Chewy by 183.6% during the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after acquiring an additional 905 shares during the period. Planning Capital Management Corp bought a new stake in Chewy in the 3rd quarter valued at about $52,000. Future Financial Wealth Managment LLC acquired a new position in Chewy during the 3rd quarter valued at about $62,000. Wilmington Savings Fund Society FSB bought a new position in Chewy in the 3rd quarter worth about $63,000. Finally, Castleview Partners LLC acquired a new stake in shares of Chewy in the third quarter valued at approximately $76,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insider Buying and Selling

In other Chewy news, CTO Satish Mehta sold 8,056 shares of Chewy stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $33.47, for a total value of $269,634.32. Following the completion of the sale, the chief technology officer now directly owns 585,962 shares in the company, valued at $19,612,148.14. The trade was 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, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $31.32, for a total transaction of $620,989,219.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,086,041 shares of company stock worth $915,797,988. Corporate insiders own 2.10% of the company’s stock.

Chewy Price Performance

NYSE:CHWY opened at $36.99 on Tuesday. The stock has a market cap of $15.06 billion, a PE ratio of 40.64, a price-to-earnings-growth ratio of 4.14 and a beta of 1.10. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $39.10. The stock’s 50-day moving average is $34.04 and its two-hundred day moving average is $29.75.

Chewy (NYSE:CHWY) last released its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, beating 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 net margin of 3.51% and a return on equity of 24.47%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.08) EPS. On average, equities research analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on CHWY shares. JMP Securities restated a “market outperform” rating and issued a $37.00 target price on shares of Chewy in a research report on Monday, December 16th. Barclays lifted their price objective on shares of Chewy from $34.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. increased their target price on shares of Chewy from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Royal Bank of Canada upped their price target on shares of Chewy from $39.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Piper Sandler boosted their target price on Chewy from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.80.

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.