Swiss National Bank Raises Holdings in Chewy (NYSE:CHWY)

Swiss National Bank lifted its position in shares of Chewy (NYSE:CHWY) by 2.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 363,300 shares of the company’s stock after acquiring an additional 8,400 shares during the quarter. Swiss National Bank owned approximately 0.09% of Chewy worth $11,811,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its position in Chewy by 150.2% during the first quarter. Parallel Advisors LLC now owns 788 shares of the company’s stock worth $26,000 after purchasing an additional 473 shares during the period. Banque Transatlantique SA purchased a new stake in shares of Chewy during the 4th quarter valued at approximately $30,000. Golden State Wealth Management LLC grew its stake in Chewy by 104.6% in the 1st quarter. Golden State Wealth Management LLC now owns 941 shares of the company’s stock valued at $31,000 after buying an additional 481 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in Chewy in the 1st quarter valued at approximately $44,000. Finally, North Star Investment Management Corp. raised its holdings in Chewy by 26.6% during the 1st quarter. North Star Investment Management Corp. now owns 1,678 shares of the company’s stock valued at $55,000 after acquiring an additional 353 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CHWY shares. Guggenheim reaffirmed a “buy” rating and issued a $45.00 price target (up from $42.00) on shares of Chewy in a report on Thursday, June 12th. JPMorgan Chase & Co. lifted their target price on Chewy from $36.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, June 12th. Barclays upped their price target on Chewy from $44.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, May 28th. Citizens Jmp upgraded shares of Chewy to a “strong-buy” rating in a research report on Thursday, July 10th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $44.00 target price (up previously from $42.00) on shares of Chewy in a report on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Chewy presently has an average rating of “Moderate Buy” and an average target price of $43.78.

Insider Buying and Selling at Chewy

In other news, CEO Sumit Singh sold 4,264 shares of Chewy stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $35.57, for a total value of $151,670.48. Following the transaction, the chief executive officer owned 72,549 shares in the company, valued at approximately $2,580,567.93. The trade was a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William G. Billings sold 20,142 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.57, for a total value of $716,450.94. Following the completion of the sale, the chief accounting officer directly owned 29,464 shares of the company’s stock, valued at approximately $1,048,034.48. This trade represents a 40.60% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,008,777 shares of company stock valued at $1,252,444,321. Corporate insiders own 0.43% of the company’s stock.

Chewy Price Performance

Shares of CHWY opened at $38.94 on Friday. Chewy has a 1 year low of $25.19 and a 1 year high of $48.62. The stock has a 50 day simple moving average of $39.57 and a two-hundred day simple moving average of $37.95. The firm has a market cap of $16.17 billion, a P/E ratio of 43.75, a P/E/G ratio of 8.23 and a beta of 1.67.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, June 11th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Chewy had a net margin of 3.21% and a return on equity of 35.04%. The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period in the previous year, the business posted $0.31 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts anticipate that Chewy will post 0.24 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 websites and mobile applications.