Artisan Partners Limited Partnership Acquires Shares of 303,504 Chewy, Inc. (NYSE:CHWY)

Artisan Partners Limited Partnership purchased a new position in Chewy, Inc. (NYSE:CHWY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 303,504 shares of the company's stock, valued at approximately $10,164,000. Artisan Partners Limited Partnership owned about 0.07% of Chewy at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its position in shares of Chewy by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,824 shares of the company's stock worth $24,159,000 after purchasing an additional 46,629 shares during the last quarter. Cerity Partners LLC increased its holdings in Chewy by 42.4% in the third quarter. Cerity Partners LLC now owns 15,324 shares of the company's stock valued at $449,000 after buying an additional 4,559 shares during the last quarter. Bank of Montreal Can raised its stake in Chewy by 261.2% during the third quarter. Bank of Montreal Can now owns 158,166 shares of the company's stock valued at $4,739,000 after buying an additional 256,275 shares in the last quarter. FMR LLC lifted its holdings in Chewy by 166.8% during the 3rd quarter. FMR LLC now owns 3,995,329 shares of the company's stock worth $117,023,000 after buying an additional 2,497,689 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of Chewy by 5.0% in the 3rd quarter. D.A. Davidson & CO. now owns 26,219 shares of the company's stock worth $768,000 after acquiring an additional 1,244 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

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Chewy Trading Up 0.2 %

CHWY stock traded up $0.06 on Wednesday, hitting $33.54. 1,360,549 shares of the company's stock traded hands, compared to its average volume of 5,266,542. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 36.86, a P/E/G ratio of 2.21 and a beta of 1.23. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $40.09. The stock has a fifty day moving average of $35.74 and a 200-day moving average of $33.25.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.25. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.20 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company's revenue was up 15.0% compared to the same quarter last year. During the same period last year, the company posted $0.07 EPS. On average, equities research analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of Chewy stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $35.77, for a total transaction of $250,390,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sumit Singh sold 191,096 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $35.68, for a total value of $6,818,305.28. Following the completion of the sale, the chief executive officer now owns 707,126 shares of the company's stock, valued at $25,230,255.68. The trade was a 21.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,083,269 shares of company stock worth $290,611,129. Company insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

CHWY has been the topic of several research analyst reports. Mizuho raised their price objective on Chewy from $42.00 to $43.00 and gave the stock an "outperform" rating in a research note on Thursday, March 27th. Royal Bank of Canada restated an "outperform" rating and issued a $42.00 price target on shares of Chewy in a research report on Thursday, March 27th. Citigroup boosted their price objective on shares of Chewy from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Guggenheim set a $42.00 target price on shares of Chewy and gave the stock a "buy" rating in a report on Tuesday, February 4th. Finally, Wolfe Research raised Chewy from a "peer perform" rating to an "outperform" rating in a report on Friday, January 3rd. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $38.68.

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.