35,050 Shares in Chewy, Inc. (NYSE:CHWY) Purchased by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC purchased a new stake in Chewy, Inc. (NYSE:CHWY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,050 shares of the company’s stock, valued at approximately $1,174,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. FMR LLC grew its position in shares of Chewy by 166.8% during the third quarter. FMR LLC now owns 3,995,329 shares of the company’s stock worth $117,023,000 after buying an additional 2,497,689 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in Chewy by 97.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock valued at $60,485,000 after acquiring an additional 975,647 shares during the last quarter. AMI Asset Management Corp acquired a new position in Chewy during the 3rd quarter worth $17,756,000. Quadrature Capital Ltd bought a new stake in shares of Chewy in the 3rd quarter worth about $13,699,000. Finally, Retirement Systems of Alabama acquired a new stake in shares of Chewy in the 4th quarter valued at about $14,812,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Chewy Stock Down 3.9 %

Shares of CHWY opened at $37.17 on Friday. The firm has a market capitalization of $15.13 billion, a PE ratio of 40.84, a P/E/G ratio of 2.32 and a beta of 1.10. The firm has a 50-day moving average price of $35.43 and a 200 day moving average price of $30.92. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $40.09.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.15. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same period last year, the firm posted ($0.08) earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. On average, equities analysts expect that Chewy, Inc. will post 0.24 EPS for the current year.

Analysts Set New Price Targets

CHWY has been the subject of a number of research reports. Wedbush reiterated an “outperform” rating and issued a $39.00 price target (up from $35.00) on shares of Chewy in a research note on Thursday, December 5th. UBS Group boosted their price target on Chewy from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. BNP Paribas lowered Chewy from an “outperform” rating to a “neutral” rating in a research report on Thursday, December 5th. Robert W. Baird boosted their target price on shares of Chewy from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Finally, JMP Securities reissued a “market outperform” rating and set a $37.00 target price on shares of Chewy in a report on Monday, December 16th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.80.

Insider Buying and Selling

In other Chewy news, CEO Sumit Singh sold 9,285 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $40.00, for a total value of $371,400.00. Following the completion of the sale, the chief executive officer now directly owns 489,750 shares of the company’s stock, valued at $19,590,000. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $31.32, for a total transaction of $620,989,219.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,253,869 shares of company stock valued at $922,347,574. Company insiders own 2.10% 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.