Militia Capital Management LLC Makes New $828,000 Investment in Chewy $CHWY

Militia Capital Management LLC purchased a new stake in Chewy (NYSE:CHWYFree Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,664 shares of the company’s stock, valued at approximately $828,000.

A number of other hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP raised its position in shares of Chewy by 295.9% in the third quarter. Wellington Management Group LLP now owns 17,622,768 shares of the company’s stock worth $712,841,000 after buying an additional 13,171,325 shares in the last quarter. Viking Global Investors LP boosted its stake in Chewy by 146.9% during the fourth quarter. Viking Global Investors LP now owns 13,536,645 shares of the company’s stock valued at $447,386,000 after buying an additional 8,052,955 shares during the period. AQR Capital Management LLC grew its position in Chewy by 120.2% during the third quarter. AQR Capital Management LLC now owns 10,196,146 shares of the company’s stock worth $407,948,000 after buying an additional 5,564,803 shares in the last quarter. Norges Bank purchased a new position in Chewy during the fourth quarter worth about $154,647,000. Finally, State Street Corp increased its stake in Chewy by 75.5% in the 2nd quarter. State Street Corp now owns 6,170,197 shares of the company’s stock worth $262,974,000 after acquiring an additional 2,654,496 shares during the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Chewy

In related 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 transaction of $81,916.47. Following the transaction, the general counsel directly owned 4,103 shares of the company’s stock, valued at approximately $79,967.47. This trade represents a 50.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sumit Singh sold 83,306 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $25.60, for a total value of $2,132,633.60. Following the completion of the sale, 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 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. Over the last three months, insiders have sold 91,729 shares of company stock worth $2,322,582. 0.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on CHWY shares. Piper Sandler set a $30.00 price target on Chewy in a report on Wednesday, June 10th. Barclays decreased their price objective on shares of Chewy from $40.00 to $36.00 and set an “overweight” rating on the stock in a research report on Thursday, June 11th. Royal Bank Of Canada lowered their target price on shares of Chewy from $47.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Chewy from $45.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, June 11th. Finally, JPMorgan Chase & Co. cut their price target on shares of Chewy from $35.00 to $29.00 and set an “overweight” rating for the company in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.05.

View Our Latest Stock Analysis on Chewy

Chewy Stock Down 5.0%

Shares of CHWY stock opened at $20.44 on Friday. The business has a 50-day moving average price of $20.28 and a two-hundred day moving average price of $24.68. Chewy has a 12-month low of $17.40 and a 12-month high of $43.50. The firm has a market cap of $8.37 billion, a P/E ratio of 34.07, a price-to-earnings-growth ratio of 1.09 and a beta of 1.45.

About Chewy

(Free Report)

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.

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Institutional Ownership by Quarter for Chewy (NYSE:CHWY)

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