KBC Group NV Sells 1,313 Shares of Chewy, Inc. (NYSE:CHWY)

KBC Group NV decreased its position in shares of Chewy, Inc. (NYSE:CHWY) by 24.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,997 shares of the company’s stock after selling 1,313 shares during the quarter. KBC Group NV’s holdings in Chewy were worth $117,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CHWY. 1620 Investment Advisors Inc. bought a new position in shares of Chewy during the second quarter worth $33,000. Blue Trust Inc. grew its stake in Chewy by 183.6% in the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after acquiring an additional 905 shares during the period. Industrial Alliance Investment Management Inc. bought a new stake in shares of Chewy in the second quarter worth about $44,000. First Horizon Advisors Inc. acquired a new stake in shares of Chewy during the second quarter worth about $48,000. Finally, Skylands Capital LLC bought a new position in shares of Chewy during the 2nd quarter valued at about $52,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Trading Up 3.2 %

Shares of NYSE CHWY opened at $35.74 on Friday. The company has a market capitalization of $14.94 billion, a P/E ratio of 43.58, a P/E/G ratio of 3.29 and a beta of 1.06. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $39.10. The stock has a 50 day moving average of $29.85 and a 200-day moving average of $25.85.

Chewy (NYSE:CHWY) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.86 billion. Chewy had a net margin of 3.20% and a return on equity of 21.00%. Analysts predict that Chewy, Inc. will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on CHWY shares. Raymond James cut Chewy from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 21st. Morgan Stanley raised their price objective on shares of Chewy from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. UBS Group upped their target price on shares of Chewy from $21.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Bank of America raised Chewy from an “underperform” rating to a “buy” rating and lifted their price target for the company from $24.00 to $40.00 in a research note on Wednesday. Finally, Evercore ISI upped their price objective on Chewy from $22.00 to $29.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.25.

Insider Activity at Chewy

In related news, major shareholder Argos Holdings Gp Llc sold 26,870,748 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $29.40, for a total value of $789,999,991.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.10% of the stock is owned by company insiders.

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.