PFA Pension Forsikringsaktieselskab Makes New Investment in Chewy $CHWY

Key Points

• PFA Pension purchased a new stake in Chewy of 55,916 shares (~$1.84M) in Q4, while institutional ownership stands at 93.09% with Vanguard holding 19.92M shares (~$658M), signaling significant institutional interest.
• Chewy missed quarterly EPS expectations, reporting $0.09 versus the $0.28 consensus while revenue matched estimates at $3.26B; the stock slid about 3.8% and is trading near $24.58 with a market cap of ~$10.24B and a P/E of 47.27.
• Analysts maintain a generally positive view with a consensus rating of “Moderate Buy” and an average price target of $42.91 (two Strong Buy, 18 Buy, five Hold).

PFA Pension Forsikringsaktieselskab purchased a new position in shares of Chewy (NYSE:CHWY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,916 shares of the company's stock, valued at approximately $1,837,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Winslow Asset Management Inc. purchased a new stake in shares of Chewy in the third quarter valued at about $6,171,000. WINTON GROUP Ltd grew its stake in shares of Chewy by 110.6% in the third quarter. WINTON GROUP Ltd now owns 239,800 shares of the company's stock valued at $9,700,000 after buying an additional 125,943 shares in the last quarter. Nordea Investment Management AB purchased a new position in shares of Chewy in the third quarter valued at approximately $6,967,000. Federated Hermes Inc. boosted its stake in shares of Chewy by 2,715.2% in the third quarter. Federated Hermes Inc. now owns 664,079 shares of the company's stock valued at $26,862,000 after purchasing an additional 640,490 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Chewy by 5.4% in the fourth quarter. Vanguard Group Inc. now owns 19,920,347 shares of the company's stock valued at $658,367,000 after purchasing an additional 1,017,214 shares during the period. 93.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, General Counsel Da-Wai Hu sold 8,149 shares of the business's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total value of $219,289.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.43% of the company's stock.

Chewy Stock Down 3.8%

Chewy stock opened at $24.58 on Tuesday. Chewy has a 52 week low of $22.74 and a 52 week high of $48.62. The firm's 50-day simple moving average is $25.99 and its 200 day simple moving average is $30.11. The firm has a market capitalization of $10.24 billion, a PE ratio of 47.27, a P/E/G ratio of 1.11 and a beta of 1.50.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings data on Wednesday, March 25th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.19). Chewy had a return on equity of 53.48% and a net margin of 1.77%.The business had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.26 billion. During the same quarter in the prior year, the firm earned $0.28 earnings per share. Chewy's quarterly revenue was up .5% on a year-over-year basis. On average, research analysts expect that Chewy will post 0.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CHWY has been the topic of several analyst reports. Piper Sandler reaffirmed an "overweight" rating on shares of Chewy in a report on Thursday, February 5th. Guggenheim reissued a "buy" rating and set a $45.00 price objective on shares of Chewy in a report on Monday, April 27th. Citigroup cut their target price on shares of Chewy from $42.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, March 27th. Wolfe Research set a $44.00 price objective on shares of Chewy in a research report on Monday, January 5th. Finally, Wall Street Zen upgraded shares of Chewy from a "hold" rating to a "buy" rating in a research report on Saturday, February 14th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $42.91.

Chewy Profile

Chewy, Inc NYSE: CHWY is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.

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