WINTON GROUP Ltd acquired a new stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 45,133 shares of the company's stock, valued at approximately $1,512,000.
A number of other institutional investors have also recently made changes to their positions in CHWY. Charles Schwab Investment Management Inc. increased its stake in Chewy by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,824 shares of the company's stock valued at $24,159,000 after purchasing an additional 46,629 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Chewy by 42.4% during the third quarter. Cerity Partners LLC now owns 15,324 shares of the company's stock valued at $449,000 after buying an additional 4,559 shares during the last quarter. DRW Securities LLC acquired a new position in shares of Chewy in the 3rd quarter valued at $293,000. Bank of Montreal Can raised its stake in Chewy by 261.2% in the 3rd quarter. Bank of Montreal Can now owns 158,166 shares of the company's stock worth $4,739,000 after acquiring an additional 256,275 shares during the last quarter. Finally, FMR LLC lifted its position 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 acquiring an additional 2,497,689 shares during the period. Institutional investors and hedge funds own 93.09% of the company's stock.
Insider Activity at Chewy
In other news, CTO Satish Mehta sold 71,365 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $35.60, for a total value of $2,540,594.00. Following the completion of the sale, the chief technology officer now directly owns 262,853 shares in the company, valued at $9,357,566.80. This represents a 21.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of Chewy stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $35.77, for a total value of $250,390,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,083,269 shares of company stock valued at $290,611,129. 2.10% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. Guggenheim set a $42.00 price objective on Chewy and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Piper Sandler raised their price target on shares of Chewy from $35.00 to $40.00 and gave the stock an "overweight" rating in a research report on Monday, December 2nd. Wolfe Research upgraded shares of Chewy from a "peer perform" rating to an "outperform" rating in a research note on Friday, January 3rd. The Goldman Sachs Group increased their price objective on shares of Chewy from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, JMP Securities restated a "market outperform" rating and set a $37.00 target price on shares of Chewy in a research report on Monday, December 16th. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, Chewy presently has a consensus rating of "Moderate Buy" and an average price target of $38.68.
Check Out Our Latest Analysis on Chewy
Chewy Trading Up 1.6 %
NYSE:CHWY traded up $0.50 during trading hours on Monday, reaching $32.67. 2,555,932 shares of the company were exchanged, compared to its average volume of 7,539,428. The stock's 50-day moving average is $35.90 and its 200-day moving average is $33.23. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $40.09. The firm has a market cap of $13.30 billion, a PE ratio of 36.01, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23.
Chewy (NYSE:CHWY - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.25. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the company posted $0.07 EPS. Chewy's quarterly revenue was up 15.0% compared to the same quarter last year. As a group, research analysts anticipate that Chewy, Inc. will post 0.24 EPS for the current year.
About Chewy
(
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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