Fifth Third Bancorp Has $33,000 Holdings in Chewy, Inc. (NYSE:CHWY)

Fifth Third Bancorp increased its position in shares of Chewy, Inc. (NYSE:CHWY) by 83.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 979 shares of the company’s stock after buying an additional 444 shares during the period. Fifth Third Bancorp’s holdings in Chewy were worth $33,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Mutual Advisors LLC bought a new position in shares of Chewy in the 4th quarter worth about $198,000. Bartlett & CO. Wealth Management LLC grew its stake in Chewy by 1,502,983.3% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 90,185 shares of the company’s stock worth $3,020,000 after purchasing an additional 90,179 shares during the period. Capricorn Fund Managers Ltd increased its holdings in Chewy by 1.1% in the fourth quarter. Capricorn Fund Managers Ltd now owns 139,500 shares of the company’s stock worth $4,772,000 after purchasing an additional 1,500 shares in the last quarter. Howard Financial Services LTD. acquired a new position in Chewy in the fourth quarter valued at approximately $225,000. Finally, Alhambra Investment Management LLC lifted its stake in Chewy by 62.2% in the fourth quarter. Alhambra Investment Management LLC now owns 15,886 shares of the company’s stock valued at $532,000 after buying an additional 6,089 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Trading Down 2.1 %

Shares of NYSE CHWY opened at $38.95 on Monday. Chewy, Inc. has a 12-month low of $14.69 and a 12-month high of $40.09. The firm has a market capitalization of $15.86 billion, a price-to-earnings ratio of 42.80, a price-to-earnings-growth ratio of 4.36 and a beta of 1.10. The firm has a 50 day moving average of $34.99 and a 200 day moving average of $30.52.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.05 by $0.15. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.86 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.08) earnings per share. Sell-side analysts predict that Chewy, Inc. will post 0.24 EPS for the current year.

Wall Street Analyst Weigh In

CHWY has been the topic of a number of research reports. TD Cowen initiated coverage on shares of Chewy in a research report on Wednesday, October 9th. They set a “buy” rating and a $38.00 target price on the stock. JMP Securities reiterated a “market outperform” rating and set a $37.00 price objective on shares of Chewy in a report on Monday, December 16th. Mizuho raised shares of Chewy from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $24.00 to $42.00 in a research report on Monday, January 6th. BNP Paribas lowered Chewy from an “outperform” rating to a “neutral” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. increased their price target on Chewy from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, Chewy has an average rating of “Moderate Buy” and an average price target of $36.80.

Insider Transactions at Chewy

In related news, CEO Sumit Singh sold 571,903 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $34.52, for a total value of $19,742,091.56. Following the completion of the sale, the chief executive officer now directly owns 898,222 shares in the company, valued at $31,006,623.44. This trade represents a 38.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $31.32, for a total transaction of $620,989,219.44. The disclosure for this sale can be found here. Insiders sold a total of 28,196,437 shares of company stock valued at $920,170,901 over the last 90 days. Company insiders own 2.10% of the company’s stock.

Chewy 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.