Thames Capital Management LLC Buys 43,030 Shares of Chewy, Inc. (NYSE:CHWY)

Thames Capital Management LLC boosted its position in shares of Chewy, Inc. (NYSE:CHWY) by 42.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,715 shares of the company’s stock after purchasing an additional 43,030 shares during the period. Chewy comprises 1.3% of Thames Capital Management LLC’s holdings, making the stock its 29th largest position. Thames Capital Management LLC’s holdings in Chewy were worth $4,813,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Chewy by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company’s stock worth $661,000 after buying an additional 301 shares during the period. Blue Trust Inc. boosted its position in Chewy by 22.9% during the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock worth $58,000 after acquiring an additional 320 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Chewy by 83.0% during the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after acquiring an additional 444 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Chewy by 8.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,650 shares of the company’s stock valued at $189,000 after purchasing an additional 450 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its holdings in Chewy by 30.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,800 shares of the company’s stock worth $94,000 after purchasing an additional 650 shares during the last quarter. Institutional investors own 93.09% of the company’s stock.

Insider Activity

In related news, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $35.77, for a total value of $250,390,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sumit Singh sold 8,552 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $33.35, for a total value of $285,209.20. Following the completion of the sale, the chief executive officer now directly owns 62,096 shares of the company’s stock, valued at approximately $2,070,901.60. The trade was a 12.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,900,725 shares of company stock valued at $284,078,033. 2.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $42.00 price target on shares of Chewy in a research note on Thursday, March 27th. JMP Securities reiterated a “market outperform” rating and issued a $37.00 target price on shares of Chewy in a research note on Monday, December 16th. JPMorgan Chase & Co. boosted their price target on Chewy from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, March 27th. Evercore ISI upgraded Chewy from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $34.00 to $47.00 in a research note on Monday, January 13th. Finally, Mizuho boosted their target price on Chewy from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, Chewy presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.68.

Chewy Stock Performance

Chewy stock opened at $31.48 on Friday. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $40.09. The stock has a market capitalization of $12.82 billion, a P/E ratio of 34.59, a price-to-earnings-growth ratio of 2.21 and a beta of 1.68. The stock has a fifty day moving average of $35.43 and a 200-day moving average of $33.26.

Chewy (NYSE:CHWY) last issued its earnings results on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.03 by $0.25. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.20 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 earnings per share. On average, research analysts forecast that Chewy, Inc. will post 0.24 earnings per share for the current year.

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.