Chewy, Inc. (NYSE:CHWY) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 287.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 333,758 shares of the company's stock after buying an additional 247,645 shares during the quarter. Russell Investments Group Ltd. owned about 0.08% of Chewy worth $11,232,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its stake in Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company's stock valued at $33,000 after buying an additional 444 shares during the period. Blue Trust Inc. lifted its position in Chewy by 22.9% in the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock valued at $58,000 after purchasing an additional 320 shares during the period. Allworth Financial LP increased its position in Chewy by 52.0% during the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company's stock worth $71,000 after purchasing an additional 650 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Chewy in the 3rd quarter valued at approximately $63,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Chewy in the 4th quarter valued at approximately $86,000. Institutional investors and hedge funds own 93.09% of the company's stock.

Insider Activity at Chewy

In other Chewy news, CEO Sumit Singh sold 8,552 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was 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 in the company, valued at $2,070,901.60. The trade was a 12.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Satish Mehta sold 71,365 shares of the business's stock in a transaction that occurred 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 transaction, the chief technology officer now directly owns 262,853 shares in the company, valued at $9,357,566.80. This trade represents a 21.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 555,303 shares of company stock worth $20,902,663. Company insiders own 2.10% of the company's stock.

Chewy Stock Up 1.4 %

Shares of CHWY traded up $0.49 during mid-day trading on Wednesday, hitting $35.50. The company had a trading volume of 1,439,601 shares, compared to its average volume of 5,594,628. The stock has a market cap of $14.68 billion, a PE ratio of 38.99, a P/E/G ratio of 2.21 and a beta of 1.68. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $40.09. The business's 50-day simple moving average is $34.38 and its 200-day simple moving average is $33.43.

Chewy (NYSE:CHWY - Get Free Report) last issued its earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.25. The firm had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.20 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The firm's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share. On average, sell-side analysts expect that Chewy, Inc. will post 0.24 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on CHWY. Evercore ISI raised Chewy from an "in-line" rating to an "outperform" rating and raised their target price for the company from $34.00 to $47.00 in a report on Monday, January 13th. JMP Securities reduced their price objective on shares of Chewy from $40.00 to $39.00 and set a "market outperform" rating for the company in a research note on Monday. Wedbush restated an "outperform" rating and set a $39.00 target price on shares of Chewy in a research report on Thursday, March 27th. Argus upgraded shares of Chewy from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lowered their price target on Chewy from $40.00 to $36.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat.com, Chewy presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.58.

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.