Chewy, Inc. (NYSE:CHWY) Shares Sold by Country Club Bank

Country Club Bank decreased its position in shares of Chewy, Inc. (NYSE:CHWY) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 176,019 shares of the company’s stock after selling 2,201 shares during the quarter. Country Club Bank’s holdings in Chewy were worth $6,022,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Chewy by 15.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,044 shares of the company’s stock valued at $737,000 after purchasing an additional 3,538 shares in the last quarter. Truist Financial Corp increased its holdings in Chewy by 39.3% in the second quarter. Truist Financial Corp now owns 20,732 shares of the company’s stock valued at $565,000 after buying an additional 5,847 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Chewy by 10.9% in the second quarter. Cetera Investment Advisers now owns 91,831 shares of the company’s stock worth $2,501,000 after acquiring an additional 9,039 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Chewy during the 2nd quarter worth about $673,000. Finally, Handelsbanken Fonder AB grew its position in shares of Chewy by 12.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 45,100 shares of the company’s stock valued at $1,321,000 after acquiring an additional 5,100 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insiders Place Their Bets

In other Chewy news, CTO Satish Mehta sold 83,639 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $40.00, for a total transaction of $3,345,560.00. Following the completion of the sale, the chief technology officer now owns 334,218 shares of the company’s stock, valued at $13,368,720. This trade represents a 20.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the firm’s 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 sold a total of 28,196,437 shares of company stock valued at $920,170,901 over the last quarter. 2.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on CHWY. The Goldman Sachs Group increased their price target on Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Mizuho upgraded Chewy from a “neutral” rating to an “outperform” rating and increased their target price for the company from $24.00 to $42.00 in a research report on Monday, January 6th. Royal Bank of Canada boosted their price target on shares of Chewy from $39.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. TD Cowen initiated coverage on shares of Chewy in a report on Wednesday, October 9th. They set a “buy” rating and a $38.00 price objective on the stock. Finally, Piper Sandler boosted their target price on shares of Chewy from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.80.

Chewy Stock Performance

NYSE:CHWY opened at $38.60 on Wednesday. Chewy, Inc. has a one year low of $14.69 and a one year high of $40.09. The stock has a market cap of $15.72 billion, a PE ratio of 42.42, a P/E/G ratio of 4.36 and a beta of 1.10. The stock has a 50 day moving average price of $35.15 and a 200 day moving average price of $30.73.

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

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.