State Street Corp Has $29.07 Million Stock Holdings in Chewy, Inc. (NYSE:CHWY)

State Street Corp lowered its position in Chewy, Inc. (NYSE:CHWY) by 9.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 992,385 shares of the company’s stock after selling 109,027 shares during the quarter. State Street Corp owned 0.24% of Chewy worth $29,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Raymond James & Associates raised its stake in shares of Chewy by 23.7% during the second quarter. Raymond James & Associates now owns 96,887 shares of the company’s stock valued at $2,639,000 after acquiring an additional 18,586 shares during the last quarter. &PARTNERS bought a new position in Chewy during the 2nd quarter worth $488,000. Bank of New York Mellon Corp lifted its holdings in Chewy by 7.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,553,104 shares of the company’s stock worth $96,787,000 after buying an additional 258,502 shares during the period. Skylands Capital LLC bought a new stake in shares of Chewy in the 2nd quarter valued at about $52,000. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Chewy by 3.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 67,765 shares of the company’s stock valued at $1,846,000 after buying an additional 2,077 shares during the period. Institutional investors own 93.09% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on CHWY shares. Robert W. Baird upped their target price on Chewy from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, November 25th. Evercore ISI lifted their price objective on Chewy from $22.00 to $29.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. BNP Paribas lowered Chewy from an “outperform” rating to a “neutral” rating in a research note on Thursday, December 5th. Wedbush reiterated an “outperform” rating and issued a $39.00 price objective (up previously from $35.00) on shares of Chewy in a research note on Thursday, December 5th. Finally, Piper Sandler increased their target price on shares of Chewy from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.60.

Insider Buying and Selling at Chewy

In related news, major shareholder Argos Holdings Gp Llc sold 26,870,748 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $29.40, for a total transaction of $789,999,991.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Satish Mehta sold 8,056 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $33.47, for a total value of $269,634.32. Following the completion of the sale, the chief technology officer now directly owns 585,962 shares of the company’s stock, valued at approximately $19,612,148.14. This represents a 1.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,956,046 shares of company stock worth $1,448,008,845 over the last three months. 2.10% of the stock is owned by insiders.

Chewy Trading Up 3.8 %

Shares of NYSE:CHWY opened at $33.72 on Friday. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $39.10. The stock has a market cap of $13.77 billion, a P/E ratio of 37.05, a P/E/G ratio of 4.28 and a beta of 1.12. The company has a 50 day moving average of $31.10 and a 200 day moving average of $28.17.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.15. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.86 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.08) earnings per share. On average, equities analysts forecast that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

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.