UMB Bank n.a. Has $61,000 Position in Chewy, Inc. (NYSE:CHWY)

UMB Bank n.a. raised its stake in shares of Chewy, Inc. (NYSE:CHWY) by 225.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,866 shares of the company’s stock after buying an additional 1,293 shares during the period. UMB Bank n.a.’s holdings in Chewy were worth $61,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CHWY. Vanguard Group Inc. boosted its stake in shares of Chewy by 31.8% during the 4th quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company’s stock valued at $485,093,000 after buying an additional 3,493,926 shares during the period. Durable Capital Partners LP acquired a new stake in shares of Chewy during the 4th quarter valued at $79,050,000. Invesco Ltd. boosted its stake in shares of Chewy by 4,577.5% during the 4th quarter. Invesco Ltd. now owns 2,191,146 shares of the company’s stock valued at $73,381,000 after buying an additional 2,144,302 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Chewy during the 4th quarter valued at $69,789,000. Finally, Alyeska Investment Group L.P. boosted its stake in shares of Chewy by 6,336.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,609,149 shares of the company’s stock valued at $53,890,000 after buying an additional 1,584,149 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Price Performance

Shares of CHWY opened at $41.62 on Friday. The company has a market capitalization of $17.22 billion, a PE ratio of 45.74, a price-to-earnings-growth ratio of 2.21 and a beta of 1.75. Chewy, Inc. has a one year low of $19.75 and a one year high of $48.62. The company’s fifty day moving average price is $39.84 and its 200 day moving average price is $36.63.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, June 11th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.08 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. Analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current year.

Insiders Place Their Bets

In other Chewy news, CEO Sumit Singh sold 8,552 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $33.35, for a total value of $285,209.20. Following the sale, the chief executive officer now directly owns 62,096 shares in the company, valued at $2,070,901.60. This trade represents a 12.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David Reeder sold 7,863 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $36.50, for a total transaction of $286,999.50. Following the completion of the sale, the chief financial officer now owns 11,582 shares in the company, valued at $422,743. This represents a 40.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 236,046 shares of company stock worth $9,387,635 in the last ninety days. Insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

CHWY has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Chewy from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup raised their price target on shares of Chewy from $42.00 to $49.00 and gave the company a “buy” rating in a report on Thursday. Wedbush raised their price target on shares of Chewy from $39.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday. Jefferies Financial Group restated a “hold” rating and set a $43.00 price target (up previously from $41.00) on shares of Chewy in a report on Thursday, June 5th. Finally, Guggenheim raised their price target on shares of Chewy from $42.00 to $45.00 and gave the company a “buy” rating in a report on Thursday. Nine research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $43.72.

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.