Argos Holdings Gp Llc Sells 1,338,262 Shares of Chewy, Inc. (NYSE:CHWY) Stock

Chewy, Inc. (NYSE:CHWY) 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Argos Holdings Gp Llc also recently made the following trade(s):

• On Wednesday, June 26th, Argos Holdings Gp Llc sold 17,550,000 shares of Chewy stock. The shares were sold at an average price of $28.49, for a total value of $499,999,500.00.

Chewy Stock Down 3.0 %

Shares of NYSE CHWY opened at $24.12 on Thursday. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $39.46. The business has a 50-day moving average price of $20.21 and a 200 day moving average price of $19.04. The stock has a market cap of $10.49 billion, a PE ratio of 134.00, a price-to-earnings-growth ratio of 4.14 and a beta of 1.03.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, May 29th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. The company 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%. Sell-side analysts anticipate that Chewy, Inc. will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Chewy

Large investors have recently modified their holdings of the business. Headinvest LLC purchased a new position in Chewy in the 3rd quarter valued at approximately $39,000. Quest Partners LLC acquired a new position in Chewy in the fourth quarter valued at $65,000. Signaturefd LLC boosted its holdings in Chewy by 37.8% in the fourth quarter. Signaturefd LLC now owns 3,358 shares of the company’s stock valued at $79,000 after acquiring an additional 922 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Chewy by 15.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,022 shares of the company’s stock valued at $95,000 after acquiring an additional 543 shares during the last quarter. Finally, EntryPoint Capital LLC raised its position in Chewy by 18.0% in the first quarter. EntryPoint Capital LLC now owns 4,066 shares of the company’s stock valued at $65,000 after purchasing an additional 619 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CHWY shares. Evercore ISI raised their target price on Chewy from $19.00 to $22.00 and gave the company an “in-line” rating in a research report on Friday, May 31st. Piper Sandler raised their target price on Chewy from $16.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Citigroup dropped their price objective on Chewy from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, May 7th. UBS Group lifted their target price on Chewy from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Finally, The Goldman Sachs Group decreased their target price on Chewy from $36.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Chewy presently has an average rating of “Moderate Buy” and a consensus price target of $26.50.

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.