Chewy, Inc. (NYSE:CHWY) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lowered its holdings in Chewy, Inc. (NYSE:CHWY - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 797,693 shares of the company's stock after selling 18,480 shares during the period. Blair William & Co. IL owned about 0.20% of Chewy worth $26,715,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHWY. Fifth Third Bancorp grew its holdings in Chewy by 83.0% during the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company's stock valued at $33,000 after buying an additional 444 shares in the last quarter. Blue Trust Inc. grew its position in Chewy by 22.9% in the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock worth $58,000 after acquiring an additional 320 shares in the last quarter. Allworth Financial LP increased its position in shares of Chewy by 52.0% during the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company's stock valued at $71,000 after purchasing an additional 650 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Chewy in the 3rd quarter valued at $63,000. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Chewy during the 4th quarter valued at $86,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $35.77, for a total transaction of $250,390,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sumit Singh sold 191,096 shares of Chewy 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 transaction, the chief executive officer now owns 707,126 shares in the company, valued at $25,230,255.68. This represents a 21.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,083,269 shares of company stock worth $290,611,129. 2.10% of the stock is currently owned by corporate insiders.

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Chewy Stock Performance

CHWY traded up $0.75 during trading on Tuesday, reaching $33.26. 1,765,942 shares of the company traded hands, compared to its average volume of 5,275,746. The company has a market cap of $13.54 billion, a P/E ratio of 36.54, a PEG ratio of 2.21 and a beta of 1.23. The firm has a fifty day simple moving average of $35.81 and a 200 day simple moving average of $33.24. Chewy, Inc. has a 12-month low of $14.69 and a 12-month high of $40.09.

Chewy (NYSE:CHWY - Get Free Report) last announced its quarterly earnings results 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. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The company had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.20 billion. During the same quarter in the previous year, the business posted $0.07 earnings per share. Chewy's quarterly revenue was up 15.0% on a year-over-year basis. As a group, sell-side analysts expect that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

CHWY has been the topic of several analyst reports. Evercore ISI upgraded Chewy from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $34.00 to $47.00 in a report on Monday, January 13th. Wedbush reiterated an "outperform" rating and issued a $39.00 price objective on shares of Chewy in a research report on Thursday, March 27th. Barclays raised their target price on shares of Chewy from $40.00 to $44.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Argus raised shares of Chewy from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, UBS Group boosted their price objective on shares of Chewy from $30.00 to $34.00 and gave the company a "neutral" rating in a research report on Tuesday, December 3rd. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $38.68.

About Chewy

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.