Curbstone Financial Management Corp Sells 800 Shares of Chewy, Inc. (NYSE:CHWY)

Curbstone Financial Management Corp decreased its holdings in Chewy, Inc. (NYSE:CHWY) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,290 shares of the company’s stock after selling 800 shares during the period. Curbstone Financial Management Corp’s holdings in Chewy were worth $713,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp grew its holdings in Chewy by 83.0% during the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock valued at $33,000 after buying an additional 444 shares in the last quarter. Blue Trust Inc. grew its position in Chewy by 183.6% during the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock worth $38,000 after buying an additional 905 shares in the last quarter. Planning Capital Management Corp purchased a new position in shares of Chewy during the third quarter worth about $52,000. Future Financial Wealth Managment LLC purchased a new position in Chewy in the 3rd quarter worth approximately $62,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Chewy in the third quarter valued at $63,000. Institutional investors own 93.09% of the company’s stock.

Insiders Place Their Bets

In related news, CTO Satish Mehta sold 168,105 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $36.32, for a total transaction of $6,105,573.60. Following the completion of the transaction, the chief technology officer now directly owns 417,857 shares in the company, valued at $15,176,566.24. This represents a 28.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sumit Singh sold 71,161 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $32.50, for a total transaction of $2,312,732.50. Following the completion of the sale, the chief executive officer now owns 77,838 shares in the company, valued at $2,529,735. The trade was a 47.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,103,513 shares of company stock worth $916,453,941 over the last quarter. 2.10% of the stock is owned by corporate insiders.

Chewy Price Performance

Shares of NYSE CHWY opened at $39.04 on Tuesday. The firm’s 50-day moving average is $34.48 and its two-hundred day moving average is $30.12. The company has a market capitalization of $15.90 billion, a PE ratio of 42.91, a price-to-earnings-growth ratio of 4.16 and a beta of 1.10. Chewy, Inc. has a 12-month low of $14.69 and a 12-month high of $39.62.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.05 by $0.15. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) EPS. On average, analysts forecast that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays upped their target price on Chewy from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Needham & Company LLC restated a “hold” rating on shares of Chewy in a research report on Thursday, December 5th. UBS Group lifted their target price on Chewy from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Royal Bank of Canada raised their price objective on shares of Chewy from $39.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Argus raised shares of Chewy from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.80.

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.