Argos Holdings Gp Llc Sells 7,000,000 Shares of Chewy, Inc. (NYSE:CHWY) Stock

Chewy, Inc. (NYSE:CHWY) major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $35.77, for a total transaction of $250,390,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, December 13th, Argos Holdings Gp Llc sold 19,827,242 shares of Chewy stock. The stock was sold at an average price of $31.32, for a total value of $620,989,219.44.
• On Tuesday, October 15th, Argos Holdings Gp Llc sold 1,250,000 shares of Chewy stock. The shares were sold at an average price of $29.40, for a total value of $36,750,000.00.

Chewy Trading Up 1.2 %

NYSE:CHWY opened at $36.19 on Friday. The stock has a market capitalization of $14.74 billion, a P/E ratio of 39.77, a price-to-earnings-growth ratio of 4.28 and a beta of 1.10. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $39.10. The firm has a 50 day moving average of $33.10 and a 200-day moving average of $29.23.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.15. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. As a group, analysts forecast that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC restated a “hold” rating on shares of Chewy in a research note on Thursday, December 5th. Wedbush restated an “outperform” rating and issued a $39.00 price target (up from $35.00) on shares of Chewy in a research report on Thursday, December 5th. UBS Group increased their target price on shares of Chewy from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their price target on Chewy from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, TD Cowen assumed coverage on Chewy in a report on Wednesday, October 9th. They issued a “buy” rating and a $38.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $35.70.

Institutional Investors Weigh In On Chewy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHWY. Blue Trust Inc. grew its stake in shares of Chewy by 183.6% during the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after purchasing an additional 905 shares during the last quarter. Planning Capital Management Corp bought a new position in Chewy in the 3rd quarter valued at $52,000. Future Financial Wealth Managment LLC bought a new stake in shares of Chewy during the third quarter worth $62,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Chewy during the third quarter valued at $63,000. Finally, Castleview Partners LLC bought a new position in Chewy in the third quarter valued at about $76,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

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.