John G Ullman & Associates Inc. Makes New Investment in Chewy, Inc. (NYSE:CHWY)

John G Ullman & Associates Inc. bought a new position in Chewy, Inc. (NYSE:CHWY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 104,889 shares of the company’s stock, valued at approximately $2,479,000.

Several other large investors have also added to or reduced their stakes in CHWY. UniSuper Management Pty Ltd purchased a new stake in shares of Chewy in the 2nd quarter valued at about $28,000. Quarry LP raised its holdings in shares of Chewy by 120.2% in the 1st quarter. Quarry LP now owns 874 shares of the company’s stock valued at $33,000 after acquiring an additional 477 shares in the last quarter. Headinvest LLC purchased a new stake in shares of Chewy in the 3rd quarter valued at about $39,000. Ossiam raised its holdings in shares of Chewy by 104.1% in the 1st quarter. Ossiam now owns 2,263 shares of the company’s stock valued at $85,000 after acquiring an additional 1,154 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Chewy by 47.6% in the 2nd quarter. Captrust Financial Advisors now owns 2,589 shares of the company’s stock valued at $90,000 after acquiring an additional 835 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CHWY. Needham & Company LLC reissued a “buy” rating and set a $25.00 price objective on shares of Chewy in a report on Thursday, March 21st. Mizuho began coverage on Chewy in a report on Tuesday, March 19th. They set a “neutral” rating and a $18.00 price objective on the stock. Wedbush reissued an “outperform” rating and set a $25.00 price objective on shares of Chewy in a report on Thursday, March 21st. Royal Bank of Canada decreased their price objective on Chewy from $35.00 to $22.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Finally, Piper Sandler decreased their price target on Chewy from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Chewy presently has an average rating of “Moderate Buy” and an average price target of $27.64.

Chewy Stock Performance

Shares of NYSE CHWY traded up $0.03 during mid-day trading on Friday, hitting $16.15. 6,348,464 shares of the stock traded hands, compared to its average volume of 9,062,029. Chewy, Inc. has a 52 week low of $15.08 and a 52 week high of $40.78. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 201.65, a PEG ratio of 8.61 and a beta of 0.90. The stock has a fifty day moving average price of $16.89 and a 200-day moving average price of $18.70.

Chewy (NYSE:CHWY) last released its quarterly earnings results on Wednesday, March 20th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.09. The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.79 billion. Chewy had a return on equity of 11.69% and a net margin of 0.33%. As a group, sell-side analysts predict that Chewy, Inc. will post 0.08 EPS for the current fiscal year.

Insider Buying and Selling at Chewy

In other Chewy news, CAO Stacy Bowman sold 8,025 shares of Chewy stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total transaction of $124,628.25. Following the completion of the transaction, the chief accounting officer now owns 243,769 shares in the company, valued at $3,785,732.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Stacy Bowman sold 8,025 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total value of $124,628.25. Following the completion of the transaction, the chief accounting officer now owns 243,769 shares in the company, valued at $3,785,732.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sumit Singh sold 6,728 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total value of $104,485.84. Following the sale, the chief executive officer now owns 129,991 shares of the company’s stock, valued at approximately $2,018,760.23. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 250,169 shares of company stock worth $4,396,079. 2.10% of the stock is owned by insiders.

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.