Headlands Technologies LLC Makes New $1.06 Million Investment in Chewy, Inc. (NYSE:CHWY)

Headlands Technologies LLC acquired a new position in Chewy, Inc. (NYSE:CHWY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 44,729 shares of the company’s stock, valued at approximately $1,057,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its holdings in Chewy by 15.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,022 shares of the company’s stock worth $95,000 after purchasing an additional 543 shares in the last quarter. IFM Investors Pty Ltd grew its position in shares of Chewy by 5.7% in the 3rd quarter. IFM Investors Pty Ltd now owns 13,371 shares of the company’s stock worth $244,000 after buying an additional 723 shares during the period. Handelsbanken Fonder AB grew its position in shares of Chewy by 2.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 33,199 shares of the company’s stock worth $606,000 after buying an additional 730 shares during the period. D.A. Davidson & CO. grew its position in shares of Chewy by 3.8% in the 3rd quarter. D.A. Davidson & CO. now owns 22,663 shares of the company’s stock worth $414,000 after buying an additional 840 shares during the period. Finally, Private Advisor Group LLC grew its position in shares of Chewy by 7.9% in the 3rd quarter. Private Advisor Group LLC now owns 11,984 shares of the company’s stock worth $219,000 after buying an additional 875 shares during the period. 93.09% of the stock is currently owned by institutional investors.

Insider Transactions at Chewy

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

Analyst Ratings Changes

CHWY has been the topic of a number of recent research reports. Jefferies Financial Group reduced their target price on shares of Chewy from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. The Goldman Sachs Group reduced their target price on shares of Chewy from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. JMP Securities reaffirmed a “market outperform” rating and issued a $28.00 target price on shares of Chewy in a research report on Friday, March 15th. Royal Bank of Canada cut their price objective on shares of Chewy from $35.00 to $22.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Finally, Wedbush reissued an “outperform” rating and set a $25.00 price objective on shares of Chewy in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.50.

Chewy Stock Up 3.0 %

Shares of NYSE CHWY opened at $15.84 on Friday. The firm’s 50-day moving average price is $16.70 and its 200-day moving average price is $18.59. The company has a market cap of $6.89 billion, a PE ratio of 198.02, a PEG ratio of 8.25 and a beta of 0.90. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $40.78.

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

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.