Chewy, Inc. (NYSE:CHWY) Shares Acquired by Eagle Asset Management Inc.

Eagle Asset Management Inc. boosted its stake in shares of Chewy, Inc. (NYSE:CHWY) by 97.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,972,136 shares of the company’s stock after acquiring an additional 975,647 shares during the quarter. Eagle Asset Management Inc. owned about 0.47% of Chewy worth $60,485,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. EntryPoint Capital LLC raised its holdings in Chewy by 18.0% during the first quarter. EntryPoint Capital LLC now owns 4,066 shares of the company’s stock worth $65,000 after purchasing an additional 619 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Chewy by 3.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 28,359 shares of the company’s stock valued at $451,000 after buying an additional 870 shares during the period. Blue Trust Inc. lifted its holdings in shares of Chewy by 183.6% in the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after buying an additional 905 shares during the period. Washington Trust Advisors Inc. boosted its stake in shares of Chewy by 0.3% in the third quarter. Washington Trust Advisors Inc. now owns 278,452 shares of the company’s stock valued at $8,156,000 after buying an additional 923 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in Chewy by 10.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company’s stock worth $308,000 after acquiring an additional 1,029 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Trading Up 3.2 %

NYSE CHWY opened at $35.74 on Friday. The company’s fifty day simple moving average is $29.85 and its 200-day simple moving average is $25.85. The stock has a market cap of $14.94 billion, a P/E ratio of 43.58, a PEG ratio of 3.29 and a beta of 1.06. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $39.10.

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

Insider Buying and Selling at Chewy

In related news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $29.40, for a total transaction of $36,750,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

CHWY has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a report on Wednesday, October 23rd. Raymond James downgraded shares of Chewy from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 21st. Evercore ISI upped their price target on Chewy from $22.00 to $29.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th. UBS Group lifted their price objective on Chewy from $21.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, Barclays upped their target price on Chewy from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Monday. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.25.

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.