Chewy $CHWY Shares Acquired by Kazazian Asset Management LLC

Kazazian Asset Management LLC increased its holdings in shares of Chewy (NYSE:CHWY) by 62.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 84,000 shares of the company’s stock after acquiring an additional 32,269 shares during the period. Chewy accounts for approximately 2.9% of Kazazian Asset Management LLC’s portfolio, making the stock its 5th biggest position. Kazazian Asset Management LLC’s holdings in Chewy were worth $2,776,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CHWY. CoreCap Advisors LLC boosted its holdings in Chewy by 306.3% during the fourth quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock worth $28,000 after purchasing an additional 637 shares during the last quarter. Osterweis Capital Management Inc. acquired a new position in Chewy during the second quarter worth $30,000. Montag A & Associates Inc. raised its position in Chewy by 58.8% during the fourth quarter. Montag A & Associates Inc. now owns 1,270 shares of the company’s stock worth $42,000 after acquiring an additional 470 shares in the last quarter. Strategic Advocates LLC bought a new stake in Chewy during the third quarter worth $43,000. Finally, EverSource Wealth Advisors LLC raised its position in Chewy by 412.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,091 shares of the company’s stock worth $46,000 after acquiring an additional 878 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insider Activity

In other news, General Counsel Da-Wai Hu sold 8,149 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total value of $219,289.59. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sumit Singh sold 83,306 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $25.60, for a total transaction of $2,132,633.60. Following the completion of the transaction, the chief executive officer directly owned 874,061 shares in the company, valued at $22,375,961.60. The trade was a 8.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 95,675 shares of company stock worth $2,459,955 over the last three months. Insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on CHWY shares. The Goldman Sachs Group dropped their price target on shares of Chewy from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. BNP Paribas Exane reaffirmed a “neutral” rating and set a $28.00 price target (down from $38.00) on shares of Chewy in a research report on Thursday, March 26th. Guggenheim reaffirmed a “buy” rating and set a $45.00 price target on shares of Chewy in a research report on Monday, April 27th. Zacks Research raised shares of Chewy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Finally, Weiss Ratings lowered shares of Chewy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.77.

Chewy Price Performance

Shares of CHWY opened at $20.77 on Monday. The firm has a market capitalization of $8.65 billion, a PE ratio of 39.94, a PEG ratio of 0.90 and a beta of 1.50. The company’s 50-day moving average is $24.82 and its 200-day moving average is $28.77. Chewy has a fifty-two week low of $19.30 and a fifty-two week high of $48.62.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, March 25th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.19). The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.26 billion. Chewy had a net margin of 1.77% and a return on equity of 53.48%. Chewy’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. Analysts predict that Chewy will post 0.89 earnings per share for the current fiscal year.

About Chewy

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.