Janus Henderson Group PLC Acquires 58,600 Shares of Chewy, Inc. (NYSE:CHWY)

Janus Henderson Group PLC lifted its position in Chewy, Inc. (NYSE:CHWY - Free Report) by 98.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,300 shares of the company's stock after purchasing an additional 58,600 shares during the quarter. Janus Henderson Group PLC's holdings in Chewy were worth $3,466,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CHWY. Blue Trust Inc. raised its position in Chewy by 183.6% in the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company's stock worth $38,000 after purchasing an additional 905 shares during the period. Washington Trust Advisors Inc. grew its stake 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 valued at $8,156,000 after buying an additional 923 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Chewy by 10.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company's stock worth $308,000 after buying an additional 1,029 shares during the period. 1620 Investment Advisors Inc. purchased a new position in shares of Chewy in the second quarter worth about $33,000. Finally, D.A. Davidson & CO. lifted its stake 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 valued at $768,000 after acquiring an additional 1,244 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.

Chewy Price Performance

CHWY stock traded down $0.68 on Thursday, reaching $31.86. 16,985,413 shares of the company traded hands, compared to its average volume of 8,618,237. The firm has a fifty day simple moving average of $30.60 and a 200-day simple moving average of $27.56. Chewy, Inc. has a one year low of $14.69 and a one year high of $39.10. The company has a market cap of $13.32 billion, a P/E ratio of 35.01, a price-to-earnings-growth ratio of 2.95 and a beta of 1.12.

Chewy (NYSE:CHWY - Get Free Report) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.15. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the previous year, the firm earned ($0.08) EPS. Chewy's quarterly revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts forecast that Chewy, Inc. will post 0.34 EPS for the current year.

Insider Transactions at Chewy

In other Chewy news, CTO Satish Mehta sold 8,056 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $33.47, for a total transaction of $269,634.32. Following the transaction, the chief technology officer now owns 585,962 shares in the company, valued at approximately $19,612,148.14. This represents a 1.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of Chewy stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $29.40, for a total transaction of $36,750,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,128,804 shares of company stock worth $827,019,626. Corporate insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CHWY. BNP Paribas cut Chewy from an "outperform" rating to a "neutral" rating in a research note on Thursday, December 5th. Piper Sandler upped their price target on shares of Chewy from $35.00 to $40.00 and gave the company an "overweight" rating in a report on Monday, December 2nd. Evercore ISI raised their price target on shares of Chewy from $22.00 to $29.00 and gave the stock an "in-line" rating in a report on Wednesday, August 28th. 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. Finally, Bank of America upgraded shares of Chewy from an "underperform" rating to a "buy" rating and increased their target price for the stock from $24.00 to $40.00 in a report on Wednesday, November 20th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $34.15.

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.