9,230 Shares in Chewy, Inc. (NYSE:CHWY) Purchased by Verus Capital Partners LLC

Verus Capital Partners LLC purchased a new stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,230 shares of the company's stock, valued at approximately $309,000.

Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in shares of Chewy by 9.8% during the 4th quarter. Bank of New York Mellon Corp now owns 4,489,237 shares of the company's stock valued at $150,345,000 after acquiring an additional 399,330 shares during the period. FMR LLC grew its stake in shares of Chewy by 166.8% in the 3rd quarter. FMR LLC now owns 3,995,329 shares of the company's stock valued at $117,023,000 after buying an additional 2,497,689 shares during the period. ArrowMark Colorado Holdings LLC increased its holdings in shares of 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 last quarter. Eagle Asset Management Inc. increased its holdings in shares of Chewy by 97.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company's stock worth $60,485,000 after buying an additional 975,647 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in shares of Chewy by 134.3% during the 4th 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 and hedge funds.

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Wall Street Analysts Forecast Growth

Several research firms have issued reports on CHWY. Deutsche Bank Aktiengesellschaft raised their target price on Chewy from $24.00 to $28.00 and gave the stock a "hold" rating in a research note on Friday, November 22nd. Barclays boosted their price objective on shares of Chewy from $34.00 to $40.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Wedbush reaffirmed an "outperform" rating and set a $39.00 target price (up previously from $35.00) on shares of Chewy in a research note on Thursday, December 5th. Guggenheim set a $42.00 price target on shares of Chewy and gave the company a "buy" rating in a research note on Tuesday, February 4th. Finally, Mizuho raised shares of Chewy from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $24.00 to $42.00 in a research report on Monday, January 6th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $37.30.

Chewy Price Performance

Shares of CHWY traded up $2.54 during midday trading on Wednesday, reaching $36.86. The stock had a trading volume of 7,800,772 shares, compared to its average volume of 4,818,024. The company has a market cap of $15.01 billion, a price-to-earnings ratio of 40.50, a PEG ratio of 2.21 and a beta of 1.23. The company's fifty day simple moving average is $36.75 and its two-hundred day simple moving average is $32.52. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $40.09.

Chewy (NYSE:CHWY - Get Free Report) last posted its earnings results on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.05 by $0.15. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. Chewy's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.08) earnings per share. On average, sell-side analysts forecast that Chewy, Inc. will post 0.24 earnings per share for the current year.

Insider Transactions at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the company's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $31.32, for a total value of $620,989,219.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David Reeder sold 307,558 shares of Chewy stock in a transaction on Friday, February 7th. The stock was sold at an average price of $37.48, for a total transaction of $11,527,273.84. Following the sale, the chief financial officer now owns 546,257 shares in the company, valued at $20,473,712.36. This represents a 36.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,553,371 shares of company stock valued at $933,605,214. 2.10% of the stock is currently owned by corporate insiders.

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.