Lisanti Capital Growth LLC Invests $597,000 in Chewy Inc (NYSE:CHWY)

Lisanti Capital Growth LLC acquired a new position in shares of Chewy Inc (NYSE:CHWY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 17,050 shares of the company’s stock, valued at approximately $597,000.

Several other large investors also recently modified their holdings of the company. TimesSquare Capital Management LLC acquired a new position in shares of Chewy in the 2nd quarter valued at $32,869,000. Waratah Capital Advisors Ltd. acquired a new position in shares of Chewy in the 2nd quarter valued at $14,180,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Chewy in the 2nd quarter valued at $12,662,000. SG Americas Securities LLC acquired a new position in shares of Chewy in the 2nd quarter valued at $2,117,000. Finally, Creative Planning acquired a new position in shares of Chewy in the 2nd quarter valued at $415,000. Institutional investors and hedge funds own 88.98% of the company’s stock.

A number of equities analysts have recently commented on the stock. Barclays assumed coverage on shares of Chewy in a report on Tuesday, July 9th. They issued an “equal weight” rating and a $32.00 target price on the stock. Bank of America assumed coverage on shares of Chewy in a report on Tuesday, July 9th. They issued a “buy” rating and a $40.00 target price on the stock. Royal Bank of Canada initiated coverage on shares of Chewy in a report on Tuesday, July 9th. They issued a “sector perform” rating and a $37.00 target price on the stock. Jefferies Financial Group set a $36.00 price objective on shares of Chewy and gave the company a “hold” rating in a research note on Friday, July 19th. Finally, Wedbush set a $30.00 price objective on shares of Chewy and gave the company a “hold” rating in a research note on Friday, July 19th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $36.90.

In related news, insider Stacy Bowman bought 35,500 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were bought at an average cost of $22.00 per share, for a total transaction of $781,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sumit Singh bought 11,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were bought at an average price of $22.00 per share, for a total transaction of $242,000.00. The disclosure for this purchase can be found here. Insiders acquired a total of 152,500 shares of company stock worth $3,355,000 over the last three months.

CHWY traded up $0.04 during trading on Tuesday, hitting $31.61. The stock had a trading volume of 12,806 shares, compared to its average volume of 2,418,859. The business has a 50-day moving average of $32.78. Chewy Inc has a twelve month low of $29.03 and a twelve month high of $41.34.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Thursday, July 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.01). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. The business’s revenue for the quarter was up 45.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.15) earnings per share. On average, sell-side analysts anticipate that Chewy Inc will post -0.37 EPS for the current fiscal year.

Chewy Company Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food, pet products, pet medications, and other pet health products for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications.

Featured Article: Mutual funds are not immune from market timing

Want to see what other hedge funds are holding CHWY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chewy Inc (NYSE:CHWY).

Institutional Ownership by Quarter for Chewy (NYSE:CHWY)

Receive News & Ratings for Chewy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chewy and related companies with MarketBeat.com's FREE daily email newsletter.