Scientech Research LLC Invests $369,000 in Chewy, Inc. (NYSE:CHWY)

Scientech Research LLC purchased a new position in Chewy, Inc. (NYSE:CHWY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,545 shares of the company’s stock, valued at approximately $369,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BC Partners Advisors L.P. purchased a new stake in shares of Chewy in the second quarter valued at approximately $7,517,800,000. Marshall Wace LLP raised its holdings in shares of Chewy by 1,028.6% during the 2nd quarter. Marshall Wace LLP now owns 2,892,841 shares of the company’s stock worth $78,801,000 after acquiring an additional 2,636,526 shares during the period. Fiera Capital Corp acquired a new position in shares of Chewy during the 2nd quarter valued at about $44,373,000. Baillie Gifford & Co. boosted its position in shares of Chewy by 7.2% during the 1st quarter. Baillie Gifford & Co. now owns 19,819,195 shares of the company’s stock valued at $315,323,000 after acquiring an additional 1,336,431 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Chewy by 13.5% in the fourth quarter. Vanguard Group Inc. now owns 9,604,698 shares of the company’s stock valued at $226,959,000 after purchasing an additional 1,140,269 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Chewy Stock Up 1.1 %

Shares of NYSE:CHWY opened at $29.96 on Monday. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $39.10. The firm’s 50 day moving average price is $26.92 and its 200 day moving average price is $22.32. The stock has a market cap of $13.03 billion, a price-to-earnings ratio of 166.44, a price-to-earnings-growth ratio of 2.98 and a beta of 1.04.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.86 billion. Chewy had a net margin of 3.20% and a return on equity of 21.00%. On average, equities analysts anticipate that Chewy, Inc. will post 0.32 EPS for the current year.

Insider Buying and Selling at Chewy

In other news, CEO Sumit Singh sold 14,338 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $22.24, for a total transaction of $318,877.12. Following the completion of the transaction, the chief executive officer now directly owns 1,398,271 shares of the company’s stock, valued at approximately $31,097,547.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, major shareholder Argos Holdings Gp Llc sold 26,870,748 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $29.40, for a total value of $789,999,991.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sumit Singh sold 14,338 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $22.24, for a total transaction of $318,877.12. Following the completion of the transaction, the chief executive officer now owns 1,398,271 shares of the company’s stock, valued at approximately $31,097,547.04. The disclosure for this sale can be found here. Insiders have sold a total of 26,888,627 shares of company stock worth $790,397,620 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

CHWY has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of Chewy from $21.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Evercore ISI boosted their price objective on shares of Chewy from $22.00 to $29.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. Morgan Stanley increased their target price 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. Wolfe Research assumed coverage on shares of Chewy in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Finally, Mizuho upped their price objective on shares of Chewy from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, June 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Chewy presently has a consensus rating of “Moderate Buy” and an average target price of $29.11.

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.