Advisors Asset Management Inc. increased its stake in shares of Chewy, Inc. (NYSE:CHWY) by 11.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,842 shares of the company’s stock after buying an additional 8,291 shares during the period. Advisors Asset Management Inc.’s holdings in Chewy were worth $6,679,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Chewy during the fourth quarter worth about $22,318,000. Janney Montgomery Scott LLC increased its holdings in Chewy by 502.4% during the first quarter. Janney Montgomery Scott LLC now owns 85,519 shares of the company’s stock worth $7,244,000 after buying an additional 71,323 shares during the last quarter. Strs Ohio increased its holdings in Chewy by 4,629.6% during the first quarter. Strs Ohio now owns 40,864 shares of the company’s stock worth $3,461,000 after buying an additional 40,000 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in Chewy by 11,082.0% during the fourth quarter. Kestra Advisory Services LLC now owns 11,182 shares of the company’s stock worth $1,033,000 after buying an additional 11,082 shares during the last quarter. Finally, Swiss National Bank purchased a new stake in Chewy during the fourth quarter worth about $25,637,000. Institutional investors and hedge funds own 96.19% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Credit Suisse Group reiterated a “buy” rating and issued a $121.00 target price on shares of Chewy in a research note on Monday, March 29th. Wedbush lifted their target price on shares of Chewy from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 31st. Bank of America reiterated a “buy” rating and issued a $133.00 target price on shares of Chewy in a research note on Friday, April 16th. Guggenheim assumed coverage on shares of Chewy in a research note on Monday, May 10th. They issued a “buy” rating and a $95.00 target price for the company. Finally, Wells Fargo & Company raised their price objective on shares of Chewy from $100.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, January 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $92.45.
In other news, CFO Mario Jesus Marte sold 17,135 shares of the business’s stock in a transaction on Wednesday, March 10th. The shares were sold at an average price of $80.64, for a total transaction of $1,381,766.40. Following the sale, the chief financial officer now owns 15,624 shares in the company, valued at approximately $1,259,919.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Argos Holdings Gp Llc sold 6,150,000 shares of the business’s stock in a transaction on Monday, April 12th. The shares were sold at an average price of $81.50, for a total transaction of $501,225,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,190,469 shares of company stock worth $504,577,145. Insiders own 0.40% of the company’s stock.
Shares of NYSE CHWY opened at $73.96 on Thursday. Chewy, Inc. has a 52 week low of $36.65 and a 52 week high of $120.00. The firm’s fifty day moving average is $76.84 and its 200 day moving average is $87.41.
Chewy (NYSE:CHWY) last issued its quarterly earnings data on Monday, March 29th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.15. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.96 billion. On average, analysts anticipate that Chewy, Inc. will post 0.2 earnings per share for the current fiscal year.
Chewy Company Profile
Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company 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 chewy.com retail Website, as well as its mobile applications.
Read More: What Is an EV Stock?
Want to see what other hedge funds are holding CHWY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chewy, Inc. (NYSE:CHWY).