Canada Pension Plan Investment Board Has $27.28 Million Stock Holdings in Chewy, Inc. (NYSE:CHWY)

Canada Pension Plan Investment Board raised its position in Chewy, Inc. (NYSE:CHWY - Free Report) by 145.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 814,600 shares of the company's stock after acquiring an additional 482,600 shares during the period. Canada Pension Plan Investment Board owned approximately 0.20% of Chewy worth $27,281,000 at the end of the most recent reporting period.

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

Insider Activity at Chewy

In related news, CFO David Reeder sold 307,558 shares of Chewy stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $37.48, for a total value of $11,527,273.84. Following the sale, the chief financial officer now directly owns 546,257 shares in the company, valued at $20,473,712.36. This trade represents a 36.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sumit Singh sold 8,552 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $33.35, for a total transaction of $285,209.20. Following the completion of the transaction, the chief executive officer now owns 62,096 shares of the company's stock, valued at approximately $2,070,901.60. This trade represents a 12.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 537,831 shares of company stock valued at $20,246,710 over the last three months. 2.10% of the stock is owned by insiders.

Analyst Ratings Changes

CHWY has been the subject of a number of analyst reports. Royal Bank of Canada reissued an "outperform" rating and issued a $42.00 price target on shares of Chewy in a report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft set a $27.00 target price on Chewy and gave the stock a "hold" rating in a research report on Monday, April 14th. Argus upgraded Chewy from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Evercore ISI raised shares of Chewy from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $34.00 to $47.00 in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Chewy from $40.00 to $36.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $38.47.

Chewy Price Performance

CHWY traded down $0.63 on Wednesday, reaching $35.39. The company's stock had a trading volume of 11,693,236 shares, compared to its average volume of 7,428,394. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $40.09. The business's 50 day moving average is $34.14 and its 200 day moving average is $33.63. The stock has a market cap of $14.64 billion, a price-to-earnings ratio of 38.89, a price-to-earnings-growth ratio of 2.21 and a beta of 1.68.

Chewy (NYSE:CHWY - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 3.51% and a return on equity of 24.47%. The business's revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 earnings per share. As a group, research analysts forecast that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

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.