Chewy, Inc. (NYSE:CHWY) Major Shareholder Argos Holdings Gp Llc Sells 1,250,000 Shares

Chewy, Inc. (NYSE:CHWY) major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $29.40, for a total value of $36,750,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, September 23rd, Argos Holdings Gp Llc sold 26,870,748 shares of Chewy stock. The stock was sold at an average price of $29.40, for a total value of $789,999,991.20.

Chewy Price Performance

NYSE:CHWY opened at $29.29 on Thursday. The company has a market cap of $12.74 billion, a P/E ratio of 162.69, a P/E/G ratio of 3.04 and a beta of 1.05. The firm’s fifty day moving average price is $28.28 and its two-hundred day moving average price is $23.44. Chewy, Inc. has a one year low of $14.69 and a one year high of $39.10.

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

Institutional Trading of Chewy

Several institutional investors have recently added to or reduced their stakes in the company. EntryPoint Capital LLC lifted its holdings in shares of 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 buying an additional 619 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Chewy by 3.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 28,359 shares of the company’s stock worth $451,000 after purchasing an additional 870 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Chewy by 10.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company’s stock valued at $308,000 after purchasing an additional 1,029 shares during the period. 1620 Investment Advisors Inc. bought a new stake in Chewy in the 2nd quarter valued at about $33,000. Finally, Camelot Portfolios LLC grew its position in shares of Chewy by 14.0% during the 1st quarter. Camelot Portfolios LLC now owns 10,200 shares of the company’s stock worth $162,000 after purchasing an additional 1,249 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Piper Sandler reissued an “overweight” rating and set a $35.00 target price on shares of Chewy in a research note on Friday, September 20th. Bank of America increased their price objective on shares of Chewy from $20.00 to $24.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. UBS Group boosted their price objective on shares of Chewy from $21.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Guggenheim increased their target price on Chewy from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Finally, Argus lowered Chewy from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.55.

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.