CenterBook Partners LP Sells 21,331 Shares of Chewy, Inc. (NYSE:CHWY)

CenterBook Partners LP decreased its position in Chewy, Inc. (NYSE:CHWY) by 66.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,812 shares of the company’s stock after selling 21,331 shares during the quarter. CenterBook Partners LP’s holdings in Chewy were worth $362,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Mutual of America Capital Management LLC bought a new stake in Chewy during the fourth quarter worth about $2,915,000. Raymond James Financial Inc. acquired a new position in shares of Chewy in the 4th quarter worth approximately $69,789,000. Geode Capital Management LLC grew its position in Chewy by 8.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,550,844 shares of the company’s stock worth $45,443,000 after acquiring an additional 119,633 shares during the last quarter. Birch Hill Investment Advisors LLC acquired a new stake in Chewy during the 4th quarter valued at $1,174,000. Finally, Money Concepts Capital Corp bought a new position in Chewy in the 4th quarter valued at $225,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Price Performance

Shares of NYSE:CHWY opened at $34.74 on Friday. The stock has a market capitalization of $14.37 billion, a PE ratio of 38.17, a price-to-earnings-growth ratio of 2.21 and a beta of 1.68. The company’s 50-day moving average price is $34.54 and its two-hundred day moving average price is $33.36. Chewy, Inc. has a one year low of $14.69 and a one year high of $40.09.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.03 by $0.25. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 earnings per share. On average, analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Satish Mehta sold 83,639 shares of the firm’s stock in a transaction dated 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 completion of 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sumit Singh sold 8,552 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $33.35, for a total value of $285,209.20. Following the transaction, the chief executive officer now directly owns 62,096 shares in the company, valued at approximately $2,070,901.60. This trade represents a 12.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 837,538 shares of company stock worth $31,310,938. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wedbush restated an “outperform” rating and issued a $39.00 target price on shares of Chewy in a research note on Thursday, March 27th. JMP Securities restated a “market outperform” rating and issued a $37.00 price objective on shares of Chewy in a research report on Monday, December 16th. Barclays upped their target price on shares of Chewy from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, March 27th. Needham & Company LLC reissued a “hold” rating on shares of Chewy in a report on Thursday, March 27th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Chewy in a report on Thursday, March 27th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.47.

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.