Chewy, Inc. (NYSE:CHWY) Shares Acquired by Norden Group LLC

Norden Group LLC boosted its holdings in Chewy, Inc. (NYSE:CHWY) by 15.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,894 shares of the company’s stock after acquiring an additional 1,172 shares during the period. Norden Group LLC’s holdings in Chewy were worth $298,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Chewy by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company’s stock valued at $661,000 after purchasing an additional 301 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Chewy by 22.9% during the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock worth $58,000 after purchasing an additional 320 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Chewy by 83.0% during the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after buying an additional 444 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Chewy by 30.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,800 shares of the company’s stock valued at $94,000 after acquiring an additional 650 shares during the last quarter. Finally, Allworth Financial LP increased its stake in Chewy by 52.0% in the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock valued at $71,000 after purchasing an additional 650 shares during the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CHWY shares. Guggenheim set a $42.00 price target on shares of Chewy and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Mizuho upgraded shares of Chewy from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $24.00 to $42.00 in a report on Monday, January 6th. Bank of America upgraded Chewy from an “underperform” rating to a “buy” rating and increased their target price for the company from $24.00 to $40.00 in a research note on Wednesday, November 20th. UBS Group upped their target price on shares of Chewy from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Chewy from $24.00 to $28.00 and gave the company a “hold” rating in a report on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Chewy presently has an average rating of “Moderate Buy” and an average price target of $37.30.

Insider Activity

In related news, CFO David Reeder sold 307,558 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $37.48, for a total transaction of $11,527,273.84. Following the completion of the transaction, the chief financial officer now directly owns 546,257 shares in the company, valued at $20,473,712.36. This represents a 36.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $31.32, for a total value of $620,989,219.44. The disclosure for this sale can be found here. In the last three months, insiders sold 28,553,371 shares of company stock valued at $933,605,214. Company insiders own 2.10% of the company’s stock.

Chewy Trading Down 4.8 %

Shares of NYSE CHWY opened at $34.19 on Wednesday. The company has a market capitalization of $13.92 billion, a price-to-earnings ratio of 37.57, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $40.09. The business has a 50 day simple moving average of $36.72 and a 200-day simple moving average of $32.49.

Chewy (NYSE:CHWY) last issued its earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.15. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same period in the prior year, the company earned ($0.08) earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. As a group, equities 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.