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12,365 Shares in Chewy (NYSE:CHWY) Purchased by Dakota Wealth Management

Chewy logo with Retail/Wholesale background

Dakota Wealth Management purchased a new stake in Chewy (NYSE:CHWY - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,365 shares of the company's stock, valued at approximately $402,000.

A number of other institutional investors have also made changes to their positions in the business. Liberty One Investment Management LLC raised its stake in shares of Chewy by 4.7% during the 1st quarter. Liberty One Investment Management LLC now owns 7,051 shares of the company's stock worth $229,000 after purchasing an additional 314 shares in the last quarter. North Star Investment Management Corp. raised its stake in shares of Chewy by 26.6% during the 1st quarter. North Star Investment Management Corp. now owns 1,678 shares of the company's stock worth $55,000 after purchasing an additional 353 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Chewy by 5.3% during the 1st quarter. Park Avenue Securities LLC now owns 7,281 shares of the company's stock worth $237,000 after purchasing an additional 364 shares in the last quarter. Signaturefd LLC raised its stake in Chewy by 14.6% in the 1st quarter. Signaturefd LLC now owns 3,420 shares of the company's stock valued at $111,000 after acquiring an additional 436 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in Chewy by 8.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,650 shares of the company's stock valued at $189,000 after acquiring an additional 450 shares during the period. 93.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

CHWY has been the topic of several recent research reports. Evercore ISI set a $52.00 price objective on Chewy and gave the stock an "outperform" rating in a research report on Thursday, June 12th. UBS Group raised their price objective on Chewy from $36.00 to $46.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Wedbush reaffirmed an "outperform" rating and issued a $39.00 price objective on shares of Chewy in a research note on Thursday, March 27th. Morgan Stanley reiterated an "overweight" rating and issued a $50.00 target price (up from $39.00) on shares of Chewy in a research report on Thursday, June 12th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $43.00 target price (up from $41.00) on shares of Chewy in a research report on Thursday, June 5th. Nine analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $43.89.

Get Our Latest Report on CHWY

Chewy Price Performance

Shares of CHWY traded down $1.21 on Monday, hitting $37.96. The company's stock had a trading volume of 6,345,735 shares, compared to its average volume of 6,162,099. The company has a market capitalization of $15.76 billion, a PE ratio of 145.07, a PEG ratio of 8.18 and a beta of 1.71. Chewy has a fifty-two week low of $19.75 and a fifty-two week high of $48.62. The company has a 50 day moving average price of $42.34 and a 200 day moving average price of $38.01.

Chewy (NYSE:CHWY - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. Chewy had a net margin of 3.21% and a return on equity of 35.04%. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the previous year, the business earned $0.31 EPS. The firm's revenue was up 6.3% on a year-over-year basis. On average, equities analysts forecast that Chewy will post 0.24 EPS for the current year.

Insider Buying and Selling at Chewy

In other news, CTO Satish Mehta sold 9,243 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $36.50, for a total transaction of $337,369.50. Following the completion of the transaction, the chief technology officer directly owned 276,467 shares of the company's stock, valued at $10,091,045.50. This represents a 3.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Reeder sold 11,582 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $36.44, for a total transaction of $422,048.08. Following the transaction, the chief financial officer directly owned 397,556 shares of the company's stock, valued at $14,486,940.64. This represents a 2.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,167,614 shares of company stock worth $1,259,102,436 over the last ninety days. Insiders own 0.43% of the company's stock.

Chewy Profile

(Free Report)

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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Institutional Ownership by Quarter for Chewy (NYSE:CHWY)

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