Militia Capital Management LLC Invests $871,000 in Chewy $CHWY

Militia Capital Management LLC acquired a new stake in Chewy (NYSE:CHWY) during the 1st quarter, HoldingsChannel reports. The firm acquired 32,242 shares of the company’s stock, valued at approximately $871,000.

A number of other large investors have also bought and sold shares of CHWY. CoreCap Advisors LLC lifted its position in shares of Chewy by 306.2% during the 4th quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after buying an additional 637 shares during the last quarter. Osterweis Capital Management Inc. bought a new stake in Chewy in the 2nd quarter valued at about $30,000. Harbour Investments Inc. lifted its holdings in Chewy by 81.4% during the fourth quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock valued at $30,000 after purchasing an additional 407 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Chewy during the fourth quarter valued at about $31,000. Finally, Modus Advisors LLC bought a new position in Chewy during the fourth quarter worth about $34,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Chewy

In other Chewy news, General Counsel Da-Wai Hu sold 4,203 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $19.49, for a total value of $81,916.47. Following the sale, the general counsel owned 4,103 shares of the company’s stock, valued at $79,967.47. This trade represents a 50.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sumit Singh sold 83,306 shares of Chewy stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $25.60, for a total value of $2,132,633.60. Following the sale, the chief executive officer owned 874,061 shares of the company’s stock, valued at approximately $22,375,961.60. This trade represents a 8.70% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders sold a total of 91,729 shares of company stock worth $2,322,582 over the last 90 days. Corporate insiders own 0.34% of the company’s stock.

Chewy Stock Performance

Shares of CHWY stock opened at $20.44 on Friday. The company has a market capitalization of $8.37 billion, a PE ratio of 34.07, a price-to-earnings-growth ratio of 1.09 and a beta of 1.45. Chewy has a 52-week low of $17.40 and a 52-week high of $43.50. The business’s fifty day moving average is $20.28 and its 200 day moving average is $24.68.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Raymond James Financial reiterated a “buy” rating on shares of Chewy in a research note on Wednesday, June 10th. The Goldman Sachs Group lowered their target price on shares of Chewy from $46.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, June 12th. Citigroup reaffirmed a “market outperform” rating on shares of Chewy in a report on Thursday, June 11th. Bank of America reduced their price target on Chewy from $33.00 to $31.00 in a research report on Thursday, June 11th. Finally, Moffett Nathanson set a $28.00 price objective on Chewy in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Chewy presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.05.

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.