Chewy, Inc. (NYSE:CHWY) Shares Bought by Blue Trust Inc.

Blue Trust Inc. increased its stake in Chewy, Inc. (NYSE:CHWY) by 183.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,398 shares of the company’s stock after purchasing an additional 905 shares during the period. Blue Trust Inc.’s holdings in Chewy were worth $38,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. BC Partners Advisors L.P. acquired a new stake in Chewy in the 2nd quarter worth approximately $7,517,800,000. Vanguard Group Inc. lifted its stake in Chewy by 9.1% during the 1st quarter. Vanguard Group Inc. now owns 10,480,230 shares of the company’s stock valued at $166,740,000 after acquiring an additional 875,532 shares during the period. Bank of New York Mellon Corp lifted its stake 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 valued at $96,787,000 after acquiring an additional 258,502 shares during the period. Marshall Wace LLP lifted its stake in Chewy by 1,028.6% during the 2nd quarter. Marshall Wace LLP now owns 2,892,841 shares of the company’s stock valued at $78,801,000 after acquiring an additional 2,636,526 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Chewy by 8.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,521,755 shares of the company’s stock valued at $68,693,000 after acquiring an additional 200,900 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Argos Holdings Gp Llc sold 26,870,748 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were 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 at this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Chewy Stock Up 0.6 %

Chewy stock opened at $27.12 on Friday. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $39.10. The firm has a market capitalization of $11.34 billion, a price-to-earnings ratio of 33.07, a PEG ratio of 2.65 and a beta of 1.05. The company has a fifty day simple moving average of $28.69 and a 200-day simple moving average of $24.27.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, August 28th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.86 billion. Chewy had a net margin of 3.20% and a return on equity of 21.00%. On average, research analysts anticipate that Chewy, Inc. will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on CHWY shares. Citigroup lifted their price objective on shares of Chewy from $16.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Robert W. Baird lifted their price objective on shares of Chewy from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Argus cut shares of Chewy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. Raymond James cut shares of Chewy from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 21st. Finally, Wolfe Research assumed coverage on shares of Chewy in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $29.55.

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.