Pacer Advisors Inc. Purchases Shares of 21,369 Chewy, Inc. (NYSE:CHWY)

Pacer Advisors Inc. purchased a new stake in shares of Chewy, Inc. (NYSE:CHWY) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 21,369 shares of the company’s stock, valued at approximately $716,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its stake in shares of Chewy by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company’s stock worth $661,000 after acquiring an additional 301 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Chewy by 22.9% in the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock worth $58,000 after acquiring an additional 320 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after acquiring an additional 444 shares in the last quarter. Washington Trust Advisors Inc. grew its stake in shares of Chewy by 0.3% in the 3rd quarter. Washington Trust Advisors Inc. now owns 278,452 shares of the company’s stock worth $8,156,000 after acquiring an additional 923 shares in the last quarter. Finally, D.A. Davidson & CO. grew its stake in shares of Chewy by 5.0% in the 3rd quarter. D.A. Davidson & CO. now owns 26,219 shares of the company’s stock worth $768,000 after acquiring an additional 1,244 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on CHWY. BNP Paribas lowered shares of Chewy from an “outperform” rating to a “neutral” rating in a research note on Thursday, December 5th. Wolfe Research upgraded shares of Chewy from a “peer perform” rating to an “outperform” rating in a research report on Friday, January 3rd. Barclays increased their price target on shares of Chewy from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Mizuho upgraded shares of Chewy from a “neutral” rating to an “outperform” rating and increased their price target for the company from $24.00 to $42.00 in a research report on Monday, January 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Chewy in a research report on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Chewy presently has a consensus rating of “Moderate Buy” and an average price target of $36.80.

Insider Activity at Chewy

In other Chewy news, CTO Satish Mehta sold 8,056 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $33.47, for a total transaction of $269,634.32. Following the transaction, the chief technology officer now directly owns 585,962 shares in the company, valued at $19,612,148.14. This trade represents a 1.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $31.32, for a total transaction of $620,989,219.44. The disclosure for this sale can be found here. Insiders have sold 28,196,437 shares of company stock valued at $920,170,901 over the last three months. 2.10% of the stock is owned by corporate insiders.

Chewy Trading Down 2.2 %

Shares of Chewy stock opened at $38.10 on Tuesday. Chewy, Inc. has a 12-month low of $14.69 and a 12-month high of $40.09. The company has a market cap of $15.52 billion, a price-to-earnings ratio of 41.87, a PEG ratio of 4.36 and a beta of 1.10. The company’s 50-day moving average price is $34.99 and its 200-day moving average price is $30.55.

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

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.