Quantinno Capital Management LP Boosts Stake in Chewy $CHWY

Quantinno Capital Management LP boosted its holdings in Chewy (NYSE:CHWY) by 427.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 191,333 shares of the company’s stock after acquiring an additional 155,080 shares during the quarter. Quantinno Capital Management LP’s holdings in Chewy were worth $5,166,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CHWY. Harbour Investments Inc. increased its position in shares of Chewy by 81.4% in the fourth quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock worth $30,000 after purchasing an additional 407 shares during the last quarter. Osterweis Capital Management Inc. purchased a new stake in Chewy in the second quarter valued at approximately $30,000. Los Angeles Capital Management LLC bought a new stake in Chewy during the fourth quarter valued at approximately $31,000. Modus Advisors LLC bought a new stake in Chewy during the fourth quarter valued at approximately $34,000. Finally, Montag A & Associates Inc. grew its stake in Chewy by 58.8% in the 4th quarter. Montag A & Associates Inc. now owns 1,270 shares of the company’s stock worth $42,000 after buying an additional 470 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Insider Activity

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 value of $81,916.47. Following the sale, the general counsel directly owned 4,103 shares of the company’s stock, valued at $79,967.47. This trade represents a 50.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is owned by insiders.

Chewy Trading Down 2.3%

CHWY stock opened at $23.48 on Friday. The firm’s 50-day moving average price is $20.70 and its two-hundred day moving average price is $24.00. Chewy has a 12-month low of $17.40 and a 12-month high of $43.50. The stock has a market capitalization of $9.61 billion, a price-to-earnings ratio of 39.14, a PEG ratio of 1.21 and a beta of 1.42.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays decreased their price target on shares of Chewy from $40.00 to $36.00 and set an “overweight” rating on the stock in a report on Thursday, June 11th. The Goldman Sachs Group cut their target price on shares of Chewy from $46.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, June 12th. Citigroup reissued a “market outperform” rating on shares of Chewy in a research note on Thursday, June 11th. Guggenheim restated a “buy” rating and set a $45.00 price target on shares of Chewy in a research report on Monday, April 27th. Finally, Royal Bank Of Canada cut their price objective on Chewy from $47.00 to $34.00 and set an “outperform” rating for the company in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Chewy has a consensus rating of “Moderate Buy” and an average target price of $32.05.

Chewy Company Profile

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.