Generali Investments Towarzystwo Funduszy Inwestycyjnych Purchases Shares of 3,700 Chewy, Inc. (NYSE:CHWY)

Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new position in Chewy, Inc. (NYSE:CHWY) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,700 shares of the company’s stock, valued at approximately $124,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its holdings in 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. Blue Trust Inc. increased its holdings in Chewy by 183.6% in the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock worth $38,000 after acquiring an additional 905 shares in the last quarter. Planning Capital Management Corp purchased a new stake in Chewy in the 3rd quarter worth approximately $52,000. Wilmington Savings Fund Society FSB purchased a new stake in Chewy in the 3rd quarter worth approximately $63,000. Finally, Allworth Financial LP increased its holdings in Chewy by 52.0% in the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock worth $71,000 after acquiring an additional 650 shares in the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CHWY shares. Wolfe Research raised shares of Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. Evercore ISI upgraded Chewy from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $34.00 to $47.00 in a research note on Monday, January 13th. Piper Sandler upped their price target on Chewy from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Guggenheim set a $42.00 price target on Chewy and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Finally, Bank of America upgraded Chewy from an “underperform” rating to a “buy” rating and upped their price target for the stock from $24.00 to $40.00 in a research note on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.30.

Chewy Stock Up 0.9 %

Shares of CHWY opened at $36.16 on Friday. The company has a market cap of $14.72 billion, a PE ratio of 39.73, a P/E/G ratio of 2.21 and a beta of 1.10. The business has a fifty day moving average of $36.64 and a 200 day moving average of $32.17. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $40.09.

Chewy (NYSE:CHWY) last issued its quarterly earnings results 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 during 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%. Chewy’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the company earned ($0.08) earnings per share. As a group, research analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chewy news, CFO David Reeder sold 307,558 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $37.48, for a total value of $11,527,273.84. Following the sale, the chief financial officer now owns 546,257 shares in the company, valued at $20,473,712.36. This trade represents a 36.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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. Insiders have sold a total of 28,561,427 shares of company stock worth $933,874,848 over the last quarter. Company insiders own 2.10% of the company’s stock.

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.