Chewy, Inc. (NYSE:CHWY) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 30.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,900 shares of the company's stock after selling 36,400 shares during the quarter. Janus Henderson Group PLC's holdings in Chewy were worth $2,744,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hudson Bay Capital Management LP lifted its position in Chewy by 188.5% in the fourth quarter. Hudson Bay Capital Management LP now owns 252,781 shares of the company's stock valued at $8,466,000 after purchasing an additional 165,177 shares during the period. Eisler Capital Management Ltd. purchased a new position in shares of Chewy during the 4th quarter worth approximately $3,778,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Chewy in the 4th quarter valued at approximately $133,000. Durable Capital Partners LP purchased a new stake in shares of Chewy in the fourth quarter valued at approximately $79,050,000. Finally, Banque Transatlantique SA acquired a new position in Chewy during the fourth quarter worth $30,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHWY has been the topic of several research analyst reports. Barclays boosted their target price on shares of Chewy from $40.00 to $44.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. lowered their target price on shares of Chewy from $40.00 to $36.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Wedbush reaffirmed an "outperform" rating and issued a $39.00 target price on shares of Chewy in a report on Thursday, March 27th. Citigroup boosted their price target on Chewy from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $42.00 price objective on shares of Chewy in a report on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $38.47.

Insider Buying and Selling at Chewy

In other Chewy news, CEO Sumit Singh sold 8,552 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $33.35, for a total transaction of $285,209.20. Following the transaction, the chief executive officer now owns 62,096 shares of the company's stock, valued at $2,070,901.60. This trade represents a 12.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Satish Mehta sold 71,365 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $35.60, for a total value of $2,540,594.00. Following the sale, the chief technology officer now owns 262,853 shares of the company's stock, valued at approximately $9,357,566.80. The trade was a 21.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 307,411 shares of company stock worth $11,928,229 in the last 90 days. 2.10% of the stock is owned by company insiders.

Chewy Stock Down 0.0%

Shares of CHWY traded down $0.02 on Monday, hitting $43.91. 6,268,739 shares of the stock traded hands, compared to its average volume of 7,280,620. Chewy, Inc. has a 1 year low of $16.45 and a 1 year high of $44.62. The stock's 50 day moving average is $36.40 and its two-hundred day moving average is $35.54. The firm has a market capitalization of $18.16 billion, a P/E ratio of 48.25, a P/E/G ratio of 2.21 and a beta of 1.69.

Chewy (NYSE:CHWY - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.25. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.20 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 15.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 EPS. Research analysts forecast that Chewy, Inc. will post 0.24 EPS for the current year.

Chewy Company 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.