DekaBank Deutsche Girozentrale Purchases 61,556 Shares of Chewy, Inc. (NYSE:CHWY)

DekaBank Deutsche Girozentrale grew its holdings in Chewy, Inc. (NYSE:CHWY) by 347.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 79,265 shares of the company’s stock after purchasing an additional 61,556 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Chewy were worth $1,909,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in Chewy in the 4th quarter valued at $13,610,000. Arizona State Retirement System raised its position in shares of Chewy by 5.0% during the fourth quarter. Arizona State Retirement System now owns 33,305 shares of the company’s stock valued at $787,000 after buying an additional 1,593 shares during the last quarter. Total Clarity Wealth Management Inc. lifted its stake in shares of Chewy by 59.1% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 17,254 shares of the company’s stock valued at $408,000 after buying an additional 6,406 shares during the period. Camelot Portfolios LLC acquired a new stake in Chewy during the fourth quarter worth about $212,000. Finally, Lake Hills Wealth Management LLC bought a new position in Chewy during the fourth quarter valued at about $200,000. 93.09% of the stock is currently owned by institutional investors.

Chewy Stock Performance

Shares of NYSE:CHWY opened at $17.64 on Friday. The business has a fifty day moving average of $16.93 and a 200-day moving average of $18.75. Chewy, Inc. has a twelve month low of $15.08 and a twelve month high of $40.78. The firm has a market cap of $7.67 billion, a PE ratio of 220.53, a price-to-earnings-growth ratio of 9.65 and a beta of 0.90.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.09. Chewy had a net margin of 0.33% and a return on equity of 11.69%. The firm had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.79 billion. On average, analysts anticipate that Chewy, Inc. will post 0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Sumit Singh sold 6,728 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total value of $104,485.84. Following the transaction, the chief executive officer now owns 129,991 shares of the company’s stock, valued at approximately $2,018,760.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Stacy Bowman sold 8,025 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total value of $124,628.25. Following the transaction, the chief accounting officer now directly owns 243,769 shares in the company, valued at approximately $3,785,732.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sumit Singh sold 6,728 shares of Chewy stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total value of $104,485.84. Following the sale, the chief executive officer now directly owns 129,991 shares of the company’s stock, valued at $2,018,760.23. The disclosure for this sale can be found here. In the last three months, insiders sold 250,169 shares of company stock valued at $4,396,079. 2.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on CHWY shares. JMP Securities reiterated a “market outperform” rating and issued a $28.00 price objective on shares of Chewy in a research report on Friday, March 15th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of Chewy in a research note on Thursday, March 21st. JPMorgan Chase & Co. lowered their price target on shares of Chewy from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, March 21st. The Goldman Sachs Group reduced their price objective on shares of Chewy from $36.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Finally, Piper Sandler lowered their target price on shares of Chewy from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $27.64.

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 website www.chewy.com, as well as mobile applications.