Chewy, Inc. (NYSE:CHWY) Major Shareholder Argos Holdings Gp Llc Sells 7,000,000 Shares

Chewy, Inc. (NYSE:CHWY) major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $35.77, for a total transaction of $250,390,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Argos Holdings Gp Llc also recently made the following trade(s):

• On Friday, December 13th, Argos Holdings Gp Llc sold 19,827,242 shares of Chewy stock. The stock was sold at an average price of $31.32, for a total value of $620,989,219.44.
• On Tuesday, October 15th, Argos Holdings Gp Llc sold 1,250,000 shares of Chewy stock. The shares were sold at an average price of $29.40, for a total value of $36,750,000.00.

Chewy Trading Up 1.2 %

CHWY opened at $36.19 on Thursday. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $39.10. The stock has a 50-day moving average of $32.92 and a 200 day moving average of $29.18. The firm has a market cap of $14.74 billion, a P/E ratio of 39.77, a P/E/G ratio of 4.28 and a beta of 1.10.

Chewy (NYSE:CHWY) last released its quarterly earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.15. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. Chewy’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.08) EPS. On average, research analysts forecast that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chewy

Several institutional investors have recently made changes to their positions in CHWY. BC Partners Advisors L.P. purchased a new stake in Chewy in the 2nd quarter worth about $7,517,800,000. Marshall Wace LLP grew its stake in shares of Chewy by 1,028.6% during the second quarter. Marshall Wace LLP now owns 2,892,841 shares of the company’s stock valued at $78,801,000 after buying an additional 2,636,526 shares during the last quarter. FMR LLC lifted its stake in shares of Chewy by 166.8% during the 3rd quarter. FMR LLC now owns 3,995,329 shares of the company’s stock worth $117,023,000 after acquiring an additional 2,497,689 shares during the last quarter. Clearbridge Investments LLC purchased a new position in Chewy during the 2nd quarter valued at $40,798,000. Finally, Eagle Asset Management Inc. boosted its holdings in Chewy by 97.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock valued at $60,485,000 after acquiring an additional 975,647 shares during the period. Institutional investors own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Chewy from $33.00 to $36.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. UBS Group increased their price objective on shares of Chewy from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Mizuho raised shares of Chewy from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $24.00 to $42.00 in a report on Monday. BNP Paribas cut Chewy from an “outperform” rating to a “neutral” rating in a report on Thursday, December 5th. Finally, The Goldman Sachs Group upped their price objective on Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $35.70.

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.