StoneX Group Inc. Makes New Investment in Chewy, Inc. (NYSE:CHWY)

StoneX Group Inc. bought a new position in shares of Chewy, Inc. (NYSE:CHWY - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 16,465 shares of the company's stock, valued at approximately $551,000.

A number of other large investors have also recently added to or reduced their stakes in CHWY. Fifth Third Bancorp lifted its position in Chewy by 83.0% during the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company's stock worth $33,000 after buying an additional 444 shares in the last quarter. Blue Trust Inc. raised its holdings in Chewy by 22.9% during 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. Wilmington Savings Fund Society FSB bought a new position in Chewy in the third quarter valued at approximately $63,000. Allworth Financial LP raised its stake in shares of Chewy by 52.0% during the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company's stock worth $71,000 after purchasing an additional 650 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Chewy in the 4th quarter valued at approximately $86,000. Institutional investors own 93.09% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on CHWY shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $42.00 price target on shares of Chewy in a research note on Thursday, March 27th. Morgan Stanley lifted their price target on Chewy from $38.00 to $40.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. JMP Securities restated a "market outperform" rating and issued a $37.00 price objective on shares of Chewy in a research note on Monday, December 16th. Wedbush reiterated an "outperform" rating and set a $39.00 target price on shares of Chewy in a research note on Thursday, March 27th. Finally, Seaport Res Ptn upgraded Chewy to a "hold" rating in a research note on Monday, March 24th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $38.68.

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Insider Buying and Selling

In other Chewy news, CFO David Reeder sold 307,558 shares of the 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 completion of the sale, the chief financial officer now owns 546,257 shares in the company, valued at approximately $20,473,712.36. This trade represents a 36.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sumit Singh sold 8,552 shares of Chewy stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $33.35, for a total transaction of $285,209.20. Following the transaction, the chief executive officer now directly owns 62,096 shares in the company, valued at approximately $2,070,901.60. This represents a 12.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 837,538 shares of company stock worth $31,310,938 in the last quarter. Insiders own 2.10% of the company's stock.

Chewy Trading Down 0.0 %

Chewy stock traded down $0.01 during midday trading on Monday, reaching $31.51. The stock had a trading volume of 3,227,716 shares, compared to its average volume of 7,490,474. The company has a fifty day moving average price of $35.43 and a two-hundred day moving average price of $33.28. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $40.09. The company has a market capitalization of $12.83 billion, a P/E ratio of 34.47, a PEG ratio of 2.21 and a beta of 1.68.

Chewy (NYSE:CHWY - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the firm posted $0.07 EPS. Chewy's revenue was up 15.0% compared to the same quarter last year. On average, equities research analysts predict that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Chewy 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.