Schroder Investment Management Group Makes New Investment in Chewy, Inc. (NYSE:CHWY)

Schroder Investment Management Group acquired a new stake in Chewy, Inc. (NYSE:CHWY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,010 shares of the company’s stock, valued at approximately $205,000.

A number of other large investors have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its holdings in Chewy by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company’s stock valued at $661,000 after acquiring an additional 301 shares during the last quarter. Blue Trust Inc. increased its stake 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 last quarter. Fifth Third Bancorp lifted its position in Chewy by 83.0% during the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after buying an additional 444 shares during the period. PNC Financial Services Group Inc. grew its holdings in Chewy by 8.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,650 shares of the company’s stock valued at $189,000 after buying an additional 450 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its stake in shares of Chewy by 30.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,800 shares of the company’s stock valued at $94,000 after acquiring an additional 650 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CHWY shares. Mizuho boosted their target price on shares of Chewy from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, March 27th. JMP Securities reaffirmed a “market outperform” rating and issued a $37.00 target price on shares of Chewy in a research report on Monday, December 16th. Barclays boosted their price target on Chewy from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Wolfe Research raised Chewy from a “peer perform” rating to an “outperform” rating in a research note on Friday, January 3rd. Finally, Argus raised shares of Chewy from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.47.

Chewy Stock Performance

NYSE:CHWY opened at $31.20 on Wednesday. The company has a market capitalization of $12.91 billion, a price-to-earnings ratio of 34.28, a price-to-earnings-growth ratio of 2.21 and a beta of 1.68. Chewy, Inc. has a one year low of $14.69 and a one year high of $40.09. The stock has a 50-day simple moving average of $34.97 and a 200 day simple moving average of $33.28.

Chewy (NYSE:CHWY) last issued its quarterly 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. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the business earned $0.07 EPS. The business’s quarterly revenue was up 15.0% on a year-over-year basis. On average, equities research analysts forecast that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other Chewy news, CTO Satish Mehta sold 168,105 shares of Chewy stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $36.32, for a total value of $6,105,573.60. Following the completion of the transaction, the chief technology officer now directly owns 417,857 shares in the company, valued at $15,176,566.24. The trade was a 28.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David Reeder sold 307,558 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $37.48, for a total value of $11,527,273.84. Following the transaction, the chief financial officer now owns 546,257 shares of the company’s stock, valued at approximately $20,473,712.36. The trade was a 36.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 837,538 shares of company stock valued at $31,310,938. Company insiders own 2.10% of the company’s stock.

Chewy 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.