Chewy, Inc. (NYSE:CHWY) Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lifted its stake in Chewy, Inc. (NYSE:CHWYFree Report) by 68.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,318 shares of the company’s stock after buying an additional 6,248 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Chewy were worth $362,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hsbc Holdings PLC increased its position in Chewy by 85.0% during the fourth quarter. Hsbc Holdings PLC now owns 202,400 shares of the company’s stock worth $4,811,000 after buying an additional 93,005 shares during the period. Ontario Teachers Pension Plan Board grew its position in shares of Chewy by 129.2% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 93,584 shares of the company’s stock worth $2,211,000 after acquiring an additional 52,751 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Chewy in the 4th quarter valued at $65,000. Trexquant Investment LP raised its position in Chewy by 282.9% in the 4th quarter. Trexquant Investment LP now owns 675,032 shares of the company’s stock valued at $15,951,000 after purchasing an additional 498,753 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Chewy by 8.8% during the 4th quarter. Wells Fargo & Company MN now owns 915,965 shares of the company’s stock worth $21,644,000 after purchasing an additional 73,825 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. JMP Securities restated a “market outperform” rating and issued a $28.00 price objective on shares of Chewy in a research note on Friday, March 15th. Royal Bank of Canada dropped their price target on Chewy from $35.00 to $22.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Bank of America lowered their target price on Chewy from $17.00 to $16.50 and set an “underperform” rating on the stock in a research note on Thursday, March 21st. UBS Group upped their price target on Chewy from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Finally, Evercore ISI lifted their price objective on shares of Chewy from $19.00 to $22.00 and gave the company an “in-line” rating in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.21.

Check Out Our Latest Stock Analysis on Chewy

Insider Activity

In other Chewy news, CTO Satish Mehta sold 8,019 shares of Chewy stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $15.12, for a total value of $121,247.28. Following the completion of the sale, the chief technology officer now directly owns 569,594 shares of the company’s stock, valued at approximately $8,612,261.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CTO Satish Mehta sold 8,019 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $15.12, for a total value of $121,247.28. Following the sale, the chief technology officer now directly owns 569,594 shares of the company’s stock, valued at $8,612,261.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sumit Singh sold 46,090 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $15.12, for a total transaction of $696,880.80. Following the transaction, the chief executive officer now directly owns 1,379,100 shares of the company’s stock, valued at approximately $20,851,992. The disclosure for this sale can be found here. Insiders sold a total of 68,862 shares of company stock valued at $1,047,242 over the last 90 days. Insiders own 2.10% of the company’s stock.

Chewy Stock Performance

Chewy stock opened at $22.75 on Friday. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $40.78. The company has a market capitalization of $9.89 billion, a price-to-earnings ratio of 126.39, a PEG ratio of 3.74 and a beta of 1.00. The stock has a fifty day moving average of $17.22 and a two-hundred day moving average of $18.34.

Chewy (NYSE:CHWYGet Free Report) last posted its quarterly earnings data on Wednesday, May 29th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Chewy had a return on equity of 16.62% and a net margin of 0.73%. On average, analysts forecast that Chewy, Inc. will post 0.2 EPS for the current fiscal year.

Chewy Company Profile

(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.

See Also

Institutional Ownership by Quarter for Chewy (NYSE:CHWY)

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