Dimensional Fund Advisors LP Trims Position in Chewy, Inc. (NYSE:CHWY)

Dimensional Fund Advisors LP lowered its position in shares of Chewy, Inc. (NYSE:CHWY) by 34.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 98,322 shares of the company’s stock after selling 51,148 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Chewy were worth $2,685,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its position in shares of Chewy by 243.6% during the second quarter. Envestnet Asset Management Inc. now owns 165,662 shares of the company’s stock worth $4,513,000 after buying an additional 117,454 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Chewy during the second quarter worth $380,000. Main Street Financial Solutions LLC acquired a new position in Chewy in the second quarter valued at approximately $240,000. American Century Companies Inc. grew its holdings in shares of Chewy by 46.0% during the second quarter. American Century Companies Inc. now owns 29,111 shares of the company’s stock valued at $793,000 after purchasing an additional 9,166 shares during the last quarter. Finally, Malaga Cove Capital LLC raised its position in shares of Chewy by 18.9% during the 2nd quarter. Malaga Cove Capital LLC now owns 53,766 shares of the company’s stock worth $1,465,000 after purchasing an additional 8,534 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chewy

In other news, CEO Sumit Singh sold 14,338 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $22.24, for a total transaction of $318,877.12. Following the transaction, the chief executive officer now owns 1,398,271 shares in the company, valued at approximately $31,097,547.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Chewy news, CEO Sumit Singh sold 14,338 shares of Chewy stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $22.24, for a total transaction of $318,877.12. Following the transaction, the chief executive officer now owns 1,398,271 shares of the company’s stock, valued at $31,097,547.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 26,870,748 shares of Chewy stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $29.40, for a total transaction of $789,999,991.20. The disclosure for this sale can be found here. Insiders sold a total of 26,888,627 shares of company stock worth $790,397,620 in the last quarter. 2.10% of the stock is owned by insiders.

Chewy Trading Down 3.1 %

CHWY opened at $29.52 on Friday. The stock’s fifty day simple moving average is $27.63 and its 200 day simple moving average is $22.97. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $39.10. The stock has a market cap of $12.84 billion, a PE ratio of 164.00, a price-to-earnings-growth ratio of 2.98 and a beta of 1.05.

Chewy (NYSE:CHWY) last announced its earnings results on Wednesday, August 28th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.86 billion. Chewy had a net margin of 3.20% and a return on equity of 21.00%. Equities analysts forecast that Chewy, Inc. will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays upped their price objective on Chewy from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Raymond James downgraded Chewy from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 21st. Robert W. Baird lifted their target price on shares of Chewy from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Evercore ISI upped their target price on shares of Chewy from $22.00 to $29.00 and gave the company an “in-line” rating in a research report on Wednesday, August 28th. Finally, TD Cowen started coverage on shares of Chewy in a research report on Wednesday. They issued a “buy” rating and a $38.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Chewy presently has an average rating of “Moderate Buy” and an average price target of $29.55.

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.