Chewy, Inc. (NYSE:CHWY) Stock Holdings Boosted by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc boosted its position in Chewy, Inc. (NYSE:CHWY) by 29.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,193 shares of the company’s stock after purchasing an additional 12,950 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Chewy were worth $1,558,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. BC Partners Advisors L.P. acquired a new position in shares of Chewy during the second quarter worth approximately $7,517,800,000. Trust Investment Advisors bought a new stake in Chewy during the 2nd quarter valued at $1,764,000. Brighton Jones LLC acquired a new position in Chewy during the 2nd quarter worth $304,000. WCG Wealth Advisors LLC bought a new position in shares of Chewy in the second quarter worth $482,000. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Chewy by 10.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company’s stock valued at $308,000 after purchasing an additional 1,029 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.

Chewy Trading Up 1.1 %

Chewy stock opened at $29.96 on Friday. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $39.10. The firm’s fifty day simple moving average is $26.92 and its 200-day simple moving average is $22.29. The company has a market capitalization of $13.03 billion, a P/E ratio of 166.44, a P/E/G ratio of 2.98 and a beta of 1.04.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Chewy had a return on equity of 21.00% and a net margin of 3.20%. On average, equities research analysts predict that Chewy, Inc. will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CHWY shares. UBS Group increased their target price on shares of Chewy from $21.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Wedbush reiterated an “outperform” rating and set a $35.00 price objective on shares of Chewy in a research note on Thursday, August 29th. Barclays upped their target price on Chewy from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Argus cut Chewy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Finally, Robert W. Baird upped their price objective on Chewy from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.11.

Insider Buying and Selling at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 1,338,262 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $30.32, for a total value of $40,576,103.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Sumit Singh sold 14,338 shares of Chewy stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $22.24, for a total value of $318,877.12. Following the completion of the transaction, the chief executive officer now owns 1,398,271 shares in the company, valued at $31,097,547.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 1,338,262 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $30.32, for a total value of $40,576,103.84. The disclosure for this sale can be found here. Insiders have sold a total of 28,226,889 shares of company stock worth $830,973,724 over the last 90 days. Insiders own 2.10% of the company’s stock.

About Chewy

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.