BI Asset Management Fondsmaeglerselskab A S Makes New Investment in Chewy, Inc. (NYSE:CHWY)

BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Chewy, Inc. (NYSE:CHWY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 26,637 shares of the company’s stock, valued at approximately $892,000.

Several other hedge funds also recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in shares of Chewy during the third quarter valued at approximately $795,000. Wilmington Savings Fund Society FSB purchased a new position in Chewy during the third quarter valued at $63,000. Castellan Group bought a new stake in Chewy in the 3rd quarter valued at $5,282,000. Principal Financial Group Inc. boosted its holdings in shares of Chewy by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 531,709 shares of the company’s stock valued at $15,574,000 after purchasing an additional 3,814 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Chewy by 1.5% during the 4th 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 during the last quarter. Institutional investors own 93.09% of the company’s stock.

Insider Activity at Chewy

In other Chewy 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 value of $11,527,273.84. Following the completion of the sale, the chief financial officer now directly owns 546,257 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, CEO Sumit Singh sold 9,285 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $40.00, for a total value of $371,400.00. Following the transaction, the chief executive officer now owns 489,750 shares in the company, valued at approximately $19,590,000. This represents a 1.86 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 537,831 shares of company stock worth $20,246,710. Company insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on CHWY shares. Morgan Stanley dropped their price target on Chewy from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. lowered their target price on Chewy from $40.00 to $36.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Citigroup boosted their price target on shares of Chewy from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Barclays increased their price objective on shares of Chewy from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Finally, Mizuho lifted their price objective on shares of Chewy from $42.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, Chewy has a consensus rating of “Moderate Buy” and an average target price of $38.47.

Chewy Stock Down 1.7 %

CHWY stock opened at $35.39 on Thursday. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $40.09. The firm has a market cap of $14.64 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 2.21 and a beta of 1.68. The business’s fifty day simple moving average is $34.09 and its two-hundred day simple moving average is $33.64.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.03 by $0.25. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.20 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 EPS. Research analysts expect that Chewy, Inc. will post 0.24 EPS 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.