Janus Henderson Group PLC Sells 36,400 Shares of Chewy, Inc. (NYSE:CHWY)

Janus Henderson Group PLC decreased its position in shares of Chewy, Inc. (NYSE:CHWY) by 30.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,900 shares of the company’s stock after selling 36,400 shares during the period. Janus Henderson Group PLC’s holdings in Chewy were worth $2,744,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Banque Transatlantique SA purchased a new position in Chewy in the 4th quarter worth about $30,000. Fifth Third Bancorp increased its position in shares of Chewy by 83.0% during the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after acquiring an additional 444 shares during the period. Blue Trust Inc. raised its stake in shares of Chewy by 22.9% during the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock valued at $58,000 after acquiring an additional 320 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Chewy by 52.0% in the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock valued at $71,000 after purchasing an additional 650 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new position in Chewy in the fourth quarter worth approximately $86,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Chewy Trading Up 1.8%

Shares of NYSE:CHWY opened at $44.09 on Wednesday. Chewy, Inc. has a twelve month low of $16.06 and a twelve month high of $44.20. The company has a market cap of $18.24 billion, a PE ratio of 48.45, a price-to-earnings-growth ratio of 2.21 and a beta of 1.69. The company’s 50 day moving average is $35.51 and its 200 day moving average is $35.11.

Chewy (NYSE:CHWY) last released its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.25. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.20 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 earnings per share. Equities research analysts predict that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Insider Transactions at Chewy

In related news, CEO Sumit Singh sold 148,063 shares of the business’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $40.67, for a total value of $6,021,722.21. Following the completion of the transaction, the chief executive officer now directly owns 705,252 shares in the company, valued at $28,682,598.84. The trade was a 17.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Satish Mehta sold 71,365 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $35.60, for a total transaction of $2,540,594.00. Following the sale, the chief technology officer now owns 262,853 shares in the company, valued at approximately $9,357,566.80. This represents a 21.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 307,411 shares of company stock worth $11,928,229 over the last quarter. 2.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on CHWY. Needham & Company LLC reissued a “hold” rating on shares of Chewy in a research report on Thursday, March 27th. Citigroup increased their target price on shares of Chewy from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. The Goldman Sachs Group upped their price target on shares of Chewy from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Barclays lifted their price objective on shares of Chewy from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, March 27th. Finally, Deutsche Bank Aktiengesellschaft set a $27.00 target price on Chewy and gave the company a “hold” rating in a research report on Monday, April 14th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.47.

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.