Amalgamated Bank Buys Shares of 69,964 Chewy, Inc. (NYSE:CHWY)

Amalgamated Bank purchased a new stake in shares of Chewy, Inc. (NYSE:CHWY) during the fourth quarter, Holdings Channel reports. The fund purchased 69,964 shares of the company’s stock, valued at approximately $2,343,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHWY. Wealth Enhancement Advisory Services LLC boosted its position in Chewy by 1.5% during the 4th 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. lifted its holdings in shares of Chewy by 22.9% during the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock worth $58,000 after purchasing an additional 320 shares during the period. Fifth Third Bancorp grew its stake in shares of Chewy by 83.0% in the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after purchasing an additional 444 shares during the last quarter. Wilmington Savings Fund Society FSB increased its holdings in Chewy by 30.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,800 shares of the company’s stock valued at $94,000 after purchasing an additional 650 shares during the period. Finally, Allworth Financial LP increased its holdings in 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 during the period. 93.09% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Sumit Singh sold 4,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $37.52, for a total transaction of $150,080.00. Following the completion of the sale, the chief executive officer now owns 518,581 shares in the company, valued at approximately $19,457,159.12. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Satish Mehta sold 83,639 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $40.00, for a total value of $3,345,560.00. Following the transaction, the chief technology officer now 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. In the last ninety days, insiders sold 28,553,371 shares of company stock valued at $933,605,214. Corporate insiders own 2.10% of the company’s stock.

Chewy Stock Up 3.1 %

Shares of CHWY opened at $37.27 on Monday. The business’s fifty day moving average is $36.71 and its 200 day moving average is $32.37. Chewy, Inc. has a 12-month low of $14.69 and a 12-month high of $40.09. The stock has a market cap of $15.17 billion, a P/E ratio of 40.95, a P/E/G ratio of 2.21 and a beta of 1.10.

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 analysts’ consensus estimates 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 business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.08) earnings per share. On average, analysts expect that Chewy, Inc. will post 0.24 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Chewy from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Evercore ISI upgraded Chewy from an “in-line” rating to an “outperform” rating and upped their target price for the company from $34.00 to $47.00 in a report on Monday, January 13th. JMP Securities restated a “market outperform” rating and set a $37.00 price target on shares of Chewy in a report on Monday, December 16th. Wolfe Research raised shares of Chewy from a “peer perform” rating to an “outperform” rating in a research note on Friday, January 3rd. Finally, Barclays increased their price objective on shares of Chewy from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $37.30.

About Chewy

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.