Vanguard Group Inc. Boosts Stock Position in Chewy $CHWY

Vanguard Group Inc. boosted its position in shares of Chewy (NYSE:CHWY) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,920,347 shares of the company’s stock after purchasing an additional 1,017,214 shares during the period. Vanguard Group Inc. owned approximately 4.80% of Chewy worth $658,367,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Winslow Asset Management Inc. purchased a new position in Chewy during the third quarter worth about $6,171,000. WINTON GROUP Ltd boosted its stake in shares of Chewy by 110.6% in the third quarter. WINTON GROUP Ltd now owns 239,800 shares of the company’s stock valued at $9,700,000 after purchasing an additional 125,943 shares during the period. Nordea Investment Management AB purchased a new position in shares of Chewy in the third quarter valued at approximately $6,967,000. Federated Hermes Inc. boosted its stake in shares of Chewy by 2,715.2% in the third quarter. Federated Hermes Inc. now owns 664,079 shares of the company’s stock valued at $26,862,000 after purchasing an additional 640,490 shares during the period. Finally, Intech Investment Management LLC raised its holdings in Chewy by 218.6% in the third quarter. Intech Investment Management LLC now owns 173,300 shares of the company’s stock valued at $7,010,000 after acquiring an additional 118,903 shares in the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Chewy

In other news, General Counsel Da-Wai Hu sold 8,149 shares of Chewy stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total value of $219,289.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.43% of the stock is owned by insiders.

Chewy Price Performance

Shares of Chewy stock opened at $25.52 on Monday. The firm’s fifty day simple moving average is $25.99 and its 200-day simple moving average is $30.11. The stock has a market capitalization of $10.63 billion, a price-to-earnings ratio of 49.08, a PEG ratio of 1.11 and a beta of 1.50. Chewy has a 12 month low of $22.74 and a 12 month high of $48.62.

Chewy (NYSE:CHWY) last announced its earnings results on Wednesday, March 25th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.19). The business had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.26 billion. Chewy had a net margin of 1.77% and a return on equity of 53.48%. The business’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 earnings per share. Analysts anticipate that Chewy will post 0.89 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wall Street Zen raised shares of Chewy from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Citigroup reduced their target price on shares of Chewy from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, March 27th. JPMorgan Chase & Co. cut their price objective on shares of Chewy from $46.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. The Goldman Sachs Group cut their price objective on shares of Chewy from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. Finally, Barclays cut their price objective on shares of Chewy from $52.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.91.

About Chewy

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.