Chewy, Inc. (NYSE:CHWY) Shares Sold by Country Club Bank

Country Club Bank trimmed its position in Chewy, Inc. (NYSE:CHWY) by 3.3% during the third quarter, HoldingsChannel.com reports. The firm owned 178,220 shares of the company’s stock after selling 6,043 shares during the quarter. Country Club Bank’s holdings in Chewy were worth $5,339,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CHWY. Susquehanna Fundamental Investments LLC acquired a new stake in Chewy in the 2nd quarter valued at $11,916,000. Russell Investments Group Ltd. grew its stake in shares of Chewy by 27.7% in the first quarter. Russell Investments Group Ltd. now owns 86,542 shares of the company’s stock valued at $1,355,000 after buying an additional 18,768 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Chewy by 127.8% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,717,660 shares of the company’s stock valued at $27,328,000 after buying an additional 963,540 shares during the period. Cetera Advisors LLC purchased a new stake in shares of Chewy during the 1st quarter valued at about $334,000. Finally, Sanctuary Advisors LLC acquired a new position in Chewy during the 2nd quarter worth approximately $673,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Raymond James lowered shares of Chewy from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a research report on Wednesday. Morgan Stanley upped their price target on shares of Chewy from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, August 26th. Wolfe Research started coverage on Chewy in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Finally, Guggenheim upped their price target on Chewy from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.55.

Insiders Place Their Bets

In other news, major shareholder Argos Holdings Gp Llc sold 26,870,748 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $29.40, for a total value of $789,999,991.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Chewy news, major shareholder Argos Holdings Gp Llc sold 26,870,748 shares of Chewy stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $29.40, for a total transaction of $789,999,991.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Sumit Singh sold 14,338 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $22.24, for a total transaction of $318,877.12. Following the completion of the sale, the chief executive officer now directly owns 1,398,271 shares of the company’s stock, valued at $31,097,547.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,138,627 shares of company stock worth $827,147,620. Corporate insiders own 2.10% of the company’s stock.

Chewy Stock Down 0.5 %

Shares of NYSE CHWY opened at $26.95 on Friday. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $39.10. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 149.72, a P/E/G ratio of 3.04 and a beta of 1.05. The business has a fifty day simple moving average of $28.69 and a 200-day simple moving average of $23.95.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.86 billion. Chewy had a net margin of 3.20% and a return on equity of 21.00%. As a group, sell-side analysts expect that Chewy, Inc. will post 0.32 EPS for the current fiscal year.

About Chewy

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.