Chewy $CHWY Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lessened its holdings in shares of Chewy (NYSE:CHWY) by 67.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,257 shares of the company’s stock after selling 56,237 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Chewy were worth $901,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new stake in shares of Chewy during the 4th quarter worth about $154,647,000. Future Fund LLC raised its position in shares of Chewy by 43.7% during the 4th quarter. Future Fund LLC now owns 38,787 shares of the company’s stock worth $1,282,000 after acquiring an additional 11,791 shares in the last quarter. Murphy & Mullick Capital Management Corp raised its position in shares of Chewy by 19.1% during the 4th quarter. Murphy & Mullick Capital Management Corp now owns 8,115 shares of the company’s stock worth $268,000 after acquiring an additional 1,300 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Chewy by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 4,432,257 shares of the company’s stock worth $146,515,000 after acquiring an additional 145,539 shares in the last quarter. Finally, Malaga Cove Capital LLC acquired a new stake in shares of Chewy during the 4th quarter worth about $364,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CHWY. Bank of America cut their target price on Chewy from $46.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Guggenheim reissued a “buy” rating and set a $45.00 target price on shares of Chewy in a research report on Monday, April 27th. Citigroup cut their target price on Chewy from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Royal Bank Of Canada reissued an “outperform” rating and set a $47.00 target price on shares of Chewy in a research report on Thursday. Finally, Zacks Research lowered Chewy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Chewy currently has an average rating of “Moderate Buy” and a consensus target price of $41.24.

Chewy Stock Down 1.1%

CHWY opened at $20.59 on Friday. The firm has a market cap of $8.58 billion, a price-to-earnings ratio of 39.59, a price-to-earnings-growth ratio of 0.92 and a beta of 1.44. Chewy has a 52 week low of $19.30 and a 52 week high of $48.62. The business’s 50 day moving average is $24.17 and its two-hundred day moving average is $27.95.

Chewy (NYSE:CHWY) last released its quarterly earnings results on Wednesday, March 25th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.19). The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.26 billion. Chewy had a return on equity of 53.48% and a net margin of 1.77%.The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. Equities analysts expect that Chewy will post 0.87 EPS for the current fiscal year.

Insider Activity at Chewy

In other Chewy news, CEO Sumit Singh sold 83,306 shares of Chewy stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $25.60, for a total transaction of $2,132,633.60. Following the transaction, the chief executive officer owned 874,061 shares of the company’s stock, valued at $22,375,961.60. The trade was a 8.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Da-Wai Hu sold 8,149 shares of Chewy stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $26.91, for a total value of $219,289.59. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 95,675 shares of company stock worth $2,459,955. 0.34% of the stock is currently owned by corporate insiders.

Chewy Company 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.