Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Trims Position in Chewy $CHWY

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna decreased its holdings in shares of Chewy (NYSE:CHWY) by 49.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,802 shares of the company’s stock after selling 24,918 shares during the quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s holdings in Chewy were worth $1,044,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NorthRock Partners LLC purchased a new position in Chewy during the third quarter worth about $524,000. Perbak Capital Partners LLP purchased a new stake in Chewy in the 3rd quarter valued at about $716,000. Jump Financial LLC purchased a new stake in Chewy in the 3rd quarter valued at about $2,269,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Chewy during the 3rd quarter valued at about $227,000. Finally, Landscape Capital Management L.L.C. increased its stake in shares of Chewy by 196.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 64,826 shares of the company’s stock valued at $2,622,000 after acquiring an additional 42,992 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Insider Activity

In other news, CTO Satish Mehta sold 13,013 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $28.99, for a total value of $377,246.87. Following the transaction, the chief technology officer owned 273,835 shares of the company’s stock, valued at approximately $7,938,476.65. This trade represents a 4.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.43% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CHWY shares. Wall Street Zen raised shares of Chewy from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Wedbush set a $42.00 price target on shares of Chewy and gave the stock an “outperform” rating in a research note on Wednesday, December 10th. Citigroup reissued a “market outperform” rating on shares of Chewy in a research note on Monday, November 24th. The Goldman Sachs Group upped their price objective on Chewy from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Finally, TD Cowen cut their target price on Chewy from $48.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday. Seventeen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Chewy currently has an average rating of “Moderate Buy” and a consensus target price of $45.55.

Chewy Stock Performance

NYSE CHWY opened at $25.46 on Friday. Chewy has a one year low of $23.06 and a one year high of $48.62. The company’s 50 day moving average price is $28.46 and its 200 day moving average price is $33.31. The firm has a market capitalization of $10.57 billion, a price-to-earnings ratio of 53.04, a PEG ratio of 1.66 and a beta of 1.60.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, December 10th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. Chewy had a net margin of 1.64% and a return on equity of 56.78%. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the firm posted $0.20 earnings per share. Chewy’s revenue for the quarter was up 8.1% compared to the same quarter last year. Sell-side analysts forecast that Chewy will post 0.24 EPS for the current fiscal year.

Chewy Profile

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.