EntryPoint Capital LLC Purchases New Stake in Chewy, Inc. (NYSE:CHWY)

EntryPoint Capital LLC acquired a new position in shares of Chewy, Inc. (NYSE:CHWY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,050 shares of the company’s stock, valued at approximately $203,000.

Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp raised its holdings in shares of Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after acquiring an additional 444 shares during the last quarter. Blue Trust Inc. increased its holdings 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 purchasing an additional 320 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Chewy in the third quarter worth approximately $63,000. Allworth Financial LP lifted its holdings in shares of Chewy by 52.0% in the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock valued at $71,000 after purchasing an additional 650 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Chewy during the fourth quarter valued at approximately $86,000. 93.09% of the stock is owned by institutional investors.

Insider Activity at Chewy

In related news, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $35.77, for a total transaction of $250,390,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sumit Singh sold 63,187 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $37.62, for a total transaction of $2,377,094.94. Following the transaction, the chief executive officer now owns 643,939 shares of the company’s stock, valued at $24,224,985.18. This trade represents a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,083,269 shares of company stock worth $290,611,129. 2.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CHWY has been the topic of a number of analyst reports. Evercore ISI raised shares of Chewy from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $34.00 to $47.00 in a report on Monday, January 13th. Argus upgraded shares of Chewy from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Citigroup increased their price objective on shares of Chewy from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday. JMP Securities reissued a “market outperform” rating and set a $37.00 target price on shares of Chewy in a research report on Monday, December 16th. Finally, Piper Sandler upped their target price on Chewy from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.68.

Chewy Stock Down 1.5 %

CHWY opened at $32.20 on Friday. The company has a market capitalization of $13.11 billion, a price-to-earnings ratio of 35.39, a PEG ratio of 2.21 and a beta of 1.23. The firm has a 50-day moving average price of $35.90 and a 200-day moving average price of $33.21. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $40.09.

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

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.