Chewy, Inc. (NYSE:CHWY) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in shares of Chewy, Inc. (NYSE:CHWY) by 78.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 55,779 shares of the company’s stock after purchasing an additional 24,493 shares during the period. Victory Capital Management Inc.’s holdings in Chewy were worth $1,634,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its holdings in Chewy by 27.7% in the 1st quarter. Russell Investments Group Ltd. now owns 86,542 shares of the company’s stock worth $1,355,000 after buying an additional 18,768 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Chewy by 9.1% in the first quarter. Vanguard Group Inc. now owns 10,480,230 shares of the company’s stock valued at $166,740,000 after purchasing an additional 875,532 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Chewy by 1,301,834.4% in the first quarter. Lazard Asset Management LLC now owns 416,619 shares of the company’s stock valued at $6,628,000 after purchasing an additional 416,587 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in Chewy by 3.2% during 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 during the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Chewy by 2.2% in the 1st quarter. California State Teachers Retirement System now owns 108,448 shares of the company’s stock valued at $1,725,000 after purchasing an additional 2,321 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Chewy Trading Down 0.8 %

NYSE CHWY opened at $34.61 on Tuesday. The company has a 50-day moving average price of $29.95 and a two-hundred day moving average price of $26.26. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $39.10. The stock has a market cap of $14.47 billion, a price-to-earnings ratio of 42.21, a price-to-earnings-growth ratio of 3.36 and a beta of 1.06.

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

Analyst Ratings Changes

A number of analysts recently issued reports on CHWY shares. Wedbush restated an “outperform” rating and issued a $35.00 price target on shares of Chewy in a research note on Thursday, August 29th. UBS Group boosted their target price on shares of Chewy from $21.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Evercore ISI increased their price target on shares of Chewy from $22.00 to $29.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. Piper Sandler reissued an “overweight” rating and issued a $35.00 price objective on shares of Chewy in a report on Friday, September 20th. Finally, Robert W. Baird upped their price objective on Chewy from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Chewy presently has an average rating of “Moderate Buy” and an average price target of $32.35.

Insider Activity at Chewy

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is currently owned by insiders.

Chewy 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.