24,704 Shares in Chewy, Inc. (NYSE:CHWY) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in Chewy, Inc. (NYSE:CHWY) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 24,704 shares of the company’s stock, valued at approximately $673,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Chewy by 13.5% in the 4th quarter. Vanguard Group Inc. now owns 9,604,698 shares of the company’s stock valued at $226,959,000 after acquiring an additional 1,140,269 shares during the period. Newbridge Financial Services Group Inc. raised its position in Chewy by 93.8% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 10,230 shares of the company’s stock valued at $242,000 after purchasing an additional 4,950 shares during the period. Radnor Capital Management LLC lifted its stake in shares of Chewy by 13.1% during the first quarter. Radnor Capital Management LLC now owns 30,220 shares of the company’s stock worth $481,000 after purchasing an additional 3,500 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Chewy in the first quarter worth about $2,253,000. Finally, Thompson Investment Management Inc. grew its stake in shares of Chewy by 30.7% in the first quarter. Thompson Investment Management Inc. now owns 294,480 shares of the company’s stock valued at $4,685,000 after buying an additional 69,188 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chewy

In other news, CEO Sumit Singh sold 14,338 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $22.24, for a total value 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 approximately $31,097,547.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Chewy news, CEO Sumit Singh sold 14,338 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $22.24, for a total value 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 approximately $31,097,547.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 26,870,748 shares of Chewy stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $29.40, for a total transaction of $789,999,991.20. The disclosure for this sale can be found here. Insiders sold 26,888,627 shares of company stock worth $790,397,620 in the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wedbush restated an “outperform” rating and issued a $35.00 price target on shares of Chewy in a report on Thursday, August 29th. Raymond James lowered shares of Chewy from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 21st. Morgan Stanley lifted their price target on shares of Chewy from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, August 26th. Evercore ISI upped their price objective on shares of Chewy from $22.00 to $29.00 and gave the company an “in-line” rating in a research report on Wednesday, August 28th. Finally, Argus lowered Chewy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Chewy currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.55.

Chewy Stock Down 1.4 %

Shares of NYSE:CHWY opened at $29.10 on Monday. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $39.10. The company has a market cap of $12.66 billion, a PE ratio of 161.67, a P/E/G ratio of 3.04 and a beta of 1.05. The company’s 50-day moving average price is $27.90 and its 200 day moving average price is $23.22.

Chewy (NYSE:CHWY) last posted its earnings results on Wednesday, August 28th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. Chewy had a return on equity of 21.00% and a net margin of 3.20%. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.86 billion. As a group, equities analysts anticipate that Chewy, Inc. will post 0.32 EPS for the current 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.