Chewy, Inc. (NYSE:CHWY) Shares Acquired by KBC Group NV

KBC Group NV grew its stake in Chewy, Inc. (NYSE:CHWY) by 86.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,471 shares of the company’s stock after buying an additional 3,474 shares during the quarter. KBC Group NV’s holdings in Chewy were worth $250,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CHWY. Fifth Third Bancorp increased its position in Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock valued at $33,000 after acquiring an additional 444 shares during the period. Blue Trust Inc. lifted its stake in shares of Chewy by 183.6% during the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock worth $38,000 after purchasing an additional 905 shares during the period. Planning Capital Management Corp purchased a new stake in Chewy in the third quarter valued at approximately $52,000. Future Financial Wealth Managment LLC acquired a new position in shares of Chewy in the 3rd quarter valued at about $62,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Chewy during the third quarter valued at approximately $63,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Sumit Singh sold 4,000 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $37.52, for a total value of $150,080.00. Following the transaction, the chief executive officer now directly owns 518,581 shares in the company, valued at $19,457,159.12. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Satish Mehta sold 83,639 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $40.00, for a total transaction of $3,345,560.00. Following the sale, the chief technology officer now directly owns 334,218 shares of the company’s stock, valued at approximately $13,368,720. This trade represents a 20.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,196,437 shares of company stock worth $920,170,901. 2.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CHWY. BNP Paribas lowered shares of Chewy from an “outperform” rating to a “neutral” rating in a research note on Thursday, December 5th. Royal Bank of Canada upped their target price on shares of Chewy from $39.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Citigroup upgraded shares of Chewy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $28.00 to $40.00 in a research note on Friday, November 8th. UBS Group lifted their price target on Chewy from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Chewy from $24.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, November 22nd. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.80.

Chewy Stock Down 2.2 %

NYSE CHWY opened at $38.10 on Tuesday. The stock has a market capitalization of $15.52 billion, a PE ratio of 41.87, a price-to-earnings-growth ratio of 4.36 and a beta of 1.10. Chewy, Inc. has a 12-month low of $14.69 and a 12-month high of $40.09. The company has a 50 day moving average price of $34.99 and a two-hundred day moving average price of $30.55.

Chewy (NYSE:CHWY) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $2.86 billion. During the same period in the previous year, the company earned ($0.08) earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that Chewy, Inc. will post 0.24 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.