Quantinno Capital Management LP Buys 155,080 Shares of Chewy $CHWY

Quantinno Capital Management LP boosted its stake in Chewy (NYSE:CHWY) by 427.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 191,333 shares of the company’s stock after acquiring an additional 155,080 shares during the period. Quantinno Capital Management LP’s holdings in Chewy were worth $5,166,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Lazard Asset Management LLC raised its holdings in Chewy by 32.6% in the 1st quarter. Lazard Asset Management LLC now owns 25,616 shares of the company’s stock worth $692,000 after purchasing an additional 6,292 shares in the last quarter. Delta Global Management LP boosted its stake in shares of Chewy by 170.5% during the 1st quarter. Delta Global Management LP now owns 104,584 shares of the company’s stock valued at $2,824,000 after purchasing an additional 65,921 shares in the last quarter. OMERS ADMINISTRATION Corp increased its position in shares of Chewy by 95.2% during the first quarter. OMERS ADMINISTRATION Corp now owns 114,421 shares of the company’s stock valued at $3,089,000 after buying an additional 55,800 shares during the period. Bradley Foster & Sargent Inc. CT increased its position in shares of Chewy by 16.7% during the first quarter. Bradley Foster & Sargent Inc. CT now owns 34,067 shares of the company’s stock valued at $920,000 after buying an additional 4,871 shares during the period. Finally, Waverly Advisors LLC raised its stake in Chewy by 9.8% in the first quarter. Waverly Advisors LLC now owns 9,254 shares of the company’s stock worth $250,000 after buying an additional 826 shares in the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CHWY. Morgan Stanley lowered their price objective on shares of Chewy from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, June 11th. Raymond James Financial reiterated a “buy” rating on shares of Chewy in a report on Wednesday, June 10th. UBS Group decreased their target price on Chewy from $32.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, June 11th. TD Cowen restated a “buy” rating on shares of Chewy in a research note on Tuesday, June 23rd. Finally, Needham & Company LLC restated a “hold” rating on shares of Chewy in a research report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Chewy has an average rating of “Moderate Buy” and an average price target of $32.05.

Chewy Stock Performance

Shares of NYSE CHWY opened at $23.48 on Friday. The firm’s 50 day moving average price is $20.70 and its 200-day moving average price is $24.00. Chewy has a 52-week low of $17.40 and a 52-week high of $43.50. The company has a market cap of $9.61 billion, a PE ratio of 39.14, a P/E/G ratio of 1.21 and a beta of 1.42.

Insider Transactions at Chewy

In other Chewy news, General Counsel Da-Wai Hu sold 4,203 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $19.49, for a total transaction of $81,916.47. Following the sale, the general counsel directly owned 4,103 shares in the company, valued at approximately $79,967.47. This trade represents a 50.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.34% of the company’s stock.

About Chewy

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.