Capricorn Fund Managers Ltd Acquires 1,500 Shares of Chewy, Inc. (NYSE:CHWY)

Capricorn Fund Managers Ltd boosted its holdings in Chewy, Inc. (NYSE:CHWY) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 139,500 shares of the company’s stock after purchasing an additional 1,500 shares during the period. Chewy accounts for approximately 2.1% of Capricorn Fund Managers Ltd’s portfolio, making the stock its 17th largest position. Capricorn Fund Managers Ltd’s holdings in Chewy were worth $4,772,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CHWY. Susquehanna Fundamental Investments LLC bought a new position in Chewy during the second quarter worth $11,916,000. Eagle Asset Management Inc. increased its holdings in shares of Chewy by 97.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock worth $60,485,000 after purchasing an additional 975,647 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Chewy during the second quarter valued at about $673,000. Marshall Wace LLP lifted its stake in shares of Chewy by 1,028.6% in the second quarter. Marshall Wace LLP now owns 2,892,841 shares of the company’s stock valued at $78,801,000 after buying an additional 2,636,526 shares during the period. Finally, Centiva Capital LP acquired a new stake in Chewy during the third quarter worth about $2,949,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Chewy Price Performance

Shares of CHWY stock opened at $36.99 on Tuesday. The stock has a 50-day moving average of $34.04 and a 200-day moving average of $29.75. Chewy, Inc. has a one year low of $14.69 and a one year high of $39.10. 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 (NYSE:CHWY) last posted its earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.15. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period last year, the business posted ($0.08) earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, research analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current year.

Analysts Set New Price Targets

CHWY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Chewy from $24.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, November 22nd. The Goldman Sachs Group boosted their price target on shares of Chewy from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Royal Bank of Canada raised their price objective on shares of Chewy from $39.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Needham & Company LLC reissued a “hold” rating on shares of Chewy in a research note on Thursday, December 5th. Finally, Bank of America upgraded shares of Chewy from an “underperform” rating to a “buy” rating and raised their price target for the stock from $24.00 to $40.00 in a research note on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, Chewy presently has an average rating of “Moderate Buy” and an average target price of $36.80.

Insiders Place Their Bets

In related news, CTO Satish Mehta sold 8,056 shares of the business’s stock in a transaction 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 sale, the chief technology officer now directly owns 585,962 shares of the company’s stock, valued at approximately $19,612,148.14. The trade was a 1.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sumit Singh sold 114,130 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $37.70, for a total value of $4,302,701.00. Following the transaction, the chief executive officer now owns 529,809 shares of the company’s stock, valued at approximately $19,973,799.30. This trade represents a 17.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,086,041 shares of company stock worth $915,797,988. Corporate 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.