Baillie Gifford & Co. reduced its stake in Chewy, Inc. (NYSE:CHWY - Free Report) by 4.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,565,746 shares of the company's stock after selling 767,327 shares during the quarter. Baillie Gifford & Co. owned about 4.44% of Chewy worth $543,791,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. lifted its holdings in shares of Chewy by 29.0% in the 3rd quarter. Assetmark Inc. now owns 59,593 shares of the company's stock valued at $1,745,000 after acquiring an additional 13,395 shares during the last quarter. Washington Trust Advisors Inc. increased its position in shares of Chewy by 0.3% during the third quarter. Washington Trust Advisors Inc. now owns 278,452 shares of the company's stock worth $8,156,000 after acquiring an additional 923 shares during the period. Principal Financial Group Inc. increased its holdings in Chewy by 0.7% during the third quarter. Principal Financial Group Inc. now owns 531,709 shares of the company's stock valued at $15,574,000 after buying an additional 3,814 shares during the period. Radnor Capital Management LLC purchased a new position in Chewy during the third quarter valued at approximately $442,000. Finally, Janney Montgomery Scott LLC increased its holdings in Chewy by 281.7% during the third quarter. Janney Montgomery Scott LLC now owns 38,398 shares of the company's stock valued at $1,125,000 after buying an additional 28,337 shares during the period. 93.09% of the stock is owned by institutional investors.
Insider Buying and Selling at Chewy
In other Chewy news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the firm's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $29.40, for a total value of $36,750,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.10% of the company's stock.
Chewy Stock Performance
CHWY traded up $0.07 during trading on Tuesday, reaching $33.59. 1,746,003 shares of the stock were exchanged, compared to its average volume of 8,862,832. The stock has a market cap of $14.04 billion, a P/E ratio of 40.88, a price-to-earnings-growth ratio of 3.06 and a beta of 1.06. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $39.10. The stock's 50 day moving average price is $29.02 and its two-hundred day moving average price is $25.01.
Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.86 billion. Chewy had a net margin of 3.20% and a return on equity of 21.00%. Equities research analysts predict that Chewy, Inc. will post 0.32 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
CHWY has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Chewy from $28.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, August 29th. Needham & Company LLC reissued a "hold" rating on shares of Chewy in a report on Wednesday, October 23rd. Piper Sandler reissued an "overweight" rating and set a $35.00 target price on shares of Chewy in a research note on Friday, September 20th. Evercore ISI upped their price target on shares of Chewy from $22.00 to $29.00 and gave the stock an "in-line" rating in a research report on Wednesday, August 28th. Finally, Wolfe Research assumed coverage on shares of Chewy in a report on Tuesday, July 16th. They issued a "peer perform" rating for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $30.15.
Check Out Our Latest Stock Report on Chewy
About Chewy
(
Free Report)
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.
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