Blair William & Co. IL Has $27.63 Million Stake in Chewy (NYSE:CHWY)

Key Points

• Blair William & Co. IL increased its stake in Chewy to $27.63 million by acquiring 52,141 additional shares, representing a 6.5% growth in holdings during the 1st quarter.
• Chewy's quarterly earnings report showed an EPS of $0.35, slightly above analysts' expectations, with a revenue increase of 6.3% year-over-year, totaling $3.12 billion.
• Institutional investors now own 93.09% of Chewy's stock, indicating strong market confidence in the company's performance.

Blair William & Co. IL grew its holdings in shares of Chewy (NYSE:CHWY - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 849,834 shares of the company's stock after acquiring an additional 52,141 shares during the quarter. Blair William & Co. IL owned 0.21% of Chewy worth $27,628,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Durable Capital Partners LP acquired a new position in shares of Chewy in the fourth quarter valued at approximately $79,050,000. Invesco Ltd. boosted its holdings in shares of Chewy by 4,577.5% during the 4th quarter. Invesco Ltd. now owns 2,191,146 shares of the company's stock worth $73,381,000 after buying an additional 2,144,302 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Chewy during the 1st quarter worth approximately $61,390,000. Alyeska Investment Group L.P. grew its position in shares of Chewy by 6,336.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,609,149 shares of the company's stock worth $53,890,000 after buying an additional 1,584,149 shares during the period. Finally, FMR LLC grew its position in shares of Chewy by 32.4% during the 4th quarter. FMR LLC now owns 5,288,757 shares of the company's stock worth $177,120,000 after buying an additional 1,293,428 shares during the period. Institutional investors and hedge funds own 93.09% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CHWY. Guggenheim reaffirmed a "buy" rating and set a $45.00 price objective (up previously from $42.00) on shares of Chewy in a research report on Thursday, June 12th. Cowen reaffirmed a "buy" rating on shares of Chewy in a research report on Friday, June 6th. Mizuho downgraded shares of Chewy from an "outperform" rating to a "neutral" rating and raised their price objective for the stock from $43.00 to $47.00 in a research report on Monday, June 9th. Morgan Stanley reiterated an "overweight" rating and issued a $50.00 target price (up from $39.00) on shares of Chewy in a report on Thursday, June 12th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Chewy in a report on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.89.

Chewy Trading Down 2.1%

NYSE CHWY opened at $35.92 on Monday. The firm has a market capitalization of $14.91 billion, a P/E ratio of 40.36, a PEG ratio of 7.50 and a beta of 1.67. The business has a fifty day simple moving average of $41.27 and a 200 day simple moving average of $38.04. Chewy has a 12 month low of $19.75 and a 12 month high of $48.62.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Chewy had a return on equity of 35.04% and a net margin of 3.21%. The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the firm posted $0.31 EPS. Chewy's quarterly revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that Chewy will post 0.24 EPS for the current fiscal year.

Insider Buying and Selling at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $41.75, for a total transaction of $1,250,000,010.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sumit Singh sold 148,063 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $40.67, for a total value of $6,021,722.21. Following the sale, the chief executive officer directly owned 705,252 shares of the company's stock, valued at approximately $28,682,598.84. This represents a 17.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,138,926 shares of company stock valued at $1,258,056,019. Insiders own 0.43% of the company's stock.

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.

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