Verus Capital Partners LLC Buys Shares of 9,230 Chewy, Inc. (NYSE:CHWY)

Verus Capital Partners LLC bought a new stake in Chewy, Inc. (NYSE:CHWY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,230 shares of the company’s stock, valued at approximately $309,000.

Several other institutional investors have also recently bought and sold shares of the company. Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new stake in Chewy in the 4th quarter valued at approximately $124,000. Versor Investments LP bought a new stake in Chewy in the 4th quarter valued at approximately $1,115,000. Oppenheimer & Co. Inc. lifted its stake in Chewy by 26.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 26,792 shares of the company’s stock valued at $897,000 after acquiring an additional 5,572 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new stake in Chewy in the 4th quarter valued at approximately $1,122,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Chewy during the 4th quarter worth approximately $1,202,000. Institutional investors own 93.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CHWY. Deutsche Bank Aktiengesellschaft upped their price objective on Chewy from $24.00 to $28.00 and gave the stock a “hold” rating in a research note on Friday, November 22nd. Wolfe Research upgraded Chewy from a “peer perform” rating to an “outperform” rating in a research note on Friday, January 3rd. JMP Securities reiterated a “market outperform” rating and set a $37.00 price objective on shares of Chewy in a research note on Monday, December 16th. Mizuho upgraded Chewy from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $24.00 to $42.00 in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. upped their price objective on Chewy from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $37.30.

Insider Buying and Selling at Chewy

In other news, CEO Sumit Singh sold 71,161 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $32.50, for a total transaction of $2,312,732.50. Following the sale, the chief executive officer now directly owns 77,838 shares of the company’s stock, valued at approximately $2,529,735. This represents a 47.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Satish Mehta sold 83,639 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $40.00, for a total value of $3,345,560.00. Following the sale, the chief technology officer now directly owns 334,218 shares in the company, valued at approximately $13,368,720. This trade represents a 20.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,561,427 shares of company stock valued at $933,874,848 in the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

Chewy Price Performance

Shares of NYSE CHWY opened at $37.27 on Friday. The stock’s fifty day moving average price is $36.71 and its two-hundred day moving average price is $32.32. Chewy, Inc. has a one year low of $14.69 and a one year high of $40.09. The firm has a market cap of $15.17 billion, a price-to-earnings ratio of 40.95, a P/E/G ratio of 2.21 and a beta of 1.10.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.15. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period in the prior year, the firm posted ($0.08) EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current fiscal 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.