Chewy, Inc. (NYSE:CHWY) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its position in Chewy, Inc. (NYSE:CHWY - Free Report) by 347.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,265 shares of the company's stock after buying an additional 61,556 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Chewy were worth $1,909,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Chewy by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 8,464,429 shares of the company's stock worth $154,560,000 after buying an additional 344,273 shares during the period. Wellington Management Group LLP lifted its stake in shares of Chewy by 19.0% during the 1st quarter. Wellington Management Group LLP now owns 5,369,539 shares of the company's stock worth $218,969,000 after purchasing an additional 856,909 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Chewy by 101.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,478,510 shares of the company's stock worth $63,518,000 after purchasing an additional 1,751,131 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Chewy by 1.0% during the 2nd quarter. BlackRock Inc. now owns 2,658,440 shares of the company's stock worth $104,929,000 after purchasing an additional 25,506 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of Chewy by 16.3% during the 1st quarter. Two Sigma Advisers LP now owns 2,287,100 shares of the company's stock worth $85,492,000 after purchasing an additional 321,200 shares during the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Chewy news, CAO Stacy Bowman sold 8,025 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total transaction of $124,628.25. Following the transaction, the chief accounting officer now owns 243,769 shares in the company, valued at $3,785,732.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Sumit Singh sold 6,728 shares of the firm's stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total value of $104,485.84. Following the transaction, the chief executive officer now owns 129,991 shares in the company, valued at $2,018,760.23. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Stacy Bowman sold 8,025 shares of Chewy stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total value of $124,628.25. Following the transaction, the chief accounting officer now owns 243,769 shares in the company, valued at approximately $3,785,732.57. The disclosure for this sale can be found here. Insiders have sold a total of 250,169 shares of company stock valued at $4,396,079 over the last ninety days. Company insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CHWY shares. JPMorgan Chase & Co. decreased their price objective on Chewy from $25.00 to $22.00 and set an "overweight" rating for the company in a research note on Thursday, March 21st. The Goldman Sachs Group decreased their price objective on Chewy from $36.00 to $32.00 and set a "buy" rating for the company in a research note on Thursday, March 21st. Jefferies Financial Group decreased their price objective on Chewy from $27.00 to $25.00 and set a "buy" rating for the company in a research note on Thursday, March 21st. Royal Bank of Canada decreased their price objective on Chewy from $35.00 to $22.00 and set an "outperform" rating for the company in a research note on Friday, March 22nd. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $28.00 target price on shares of Chewy in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Chewy currently has an average rating of "Moderate Buy" and an average target price of $27.64.

Chewy Trading Down 4.9 %

Shares of CHWY stock traded down $0.90 during mid-day trading on Friday, reaching $17.64. The stock had a trading volume of 11,753,223 shares, compared to its average volume of 11,211,597. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 220.53, a PEG ratio of 9.18 and a beta of 0.90. Chewy, Inc. has a 1-year low of $15.08 and a 1-year high of $40.78. The business's fifty day moving average is $16.93 and its 200-day moving average is $18.76.

Chewy (NYSE:CHWY - Get Free Report) last posted its earnings results on Wednesday, March 20th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.09. The firm had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.79 billion. Chewy had a return on equity of 11.69% and a net margin of 0.33%. On average, analysts forecast that Chewy, Inc. will post 0.08 earnings per share 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 website www.chewy.com, as well as mobile applications.