KLP Kapitalforvaltning AS bought a new position in Chewy, Inc. (NYSE:CHWY - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 31,600 shares of the company's stock, valued at approximately $1,058,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of Chewy by 9.8% in the fourth quarter. Bank of New York Mellon Corp now owns 4,489,237 shares of the company's stock worth $150,345,000 after acquiring an additional 399,330 shares in the last quarter. FMR LLC increased its stake 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 purchasing an additional 2,497,689 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in Chewy by 5.3% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,765,931 shares of the company's stock worth $81,014,000 after buying an additional 138,768 shares during the period. Raymond James Financial Inc. bought a new position in Chewy in the fourth quarter valued at approximately $69,789,000. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Chewy by 134.3% in the fourth quarter. Allianz Asset Management GmbH now owns 1,620,809 shares of the company's stock valued at $54,281,000 after buying an additional 929,116 shares during the period. 93.09% of the stock is owned by institutional investors.
Chewy Stock Down 0.9 %
CHWY traded down $0.31 during trading on Thursday, hitting $33.69. The company's stock had a trading volume of 4,192,779 shares, compared to its average volume of 7,512,816. The firm has a market capitalization of $13.72 billion, a P/E ratio of 37.02, a PEG ratio of 2.21 and a beta of 1.23. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $40.09. The stock's fifty day moving average price is $35.68 and its 200-day moving average price is $33.26.
Chewy (NYSE:CHWY - Get Free Report) last issued its earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.25. The business had revenue of $3.25 billion for 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%. Chewy's revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 earnings per share. Equities research analysts expect that Chewy, Inc. will post 0.24 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Chewy from $38.00 to $40.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. The Goldman Sachs Group boosted their price target on Chewy from $40.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Barclays increased their price objective on Chewy from $40.00 to $44.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. BNP Paribas cut Chewy from an "outperform" rating to a "neutral" rating in a research note on Thursday, December 5th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Chewy in a research note on Thursday, March 27th. 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.com, Chewy presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.68.
Check Out Our Latest Stock Report on Chewy
Insiders Place Their Bets
In other 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sumit Singh sold 9,285 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $40.00, for a total value of $371,400.00. Following the transaction, the chief executive officer now owns 489,750 shares of the company's stock, valued at $19,590,000. The trade was a 1.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,083,269 shares of company stock valued at $290,611,129 in the last 90 days. 2.10% of the stock is currently owned by corporate insiders.
About Chewy
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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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