69,964 Shares in Chewy, Inc. (NYSE:CHWY) Bought by Amalgamated Bank

Amalgamated Bank purchased a new stake in Chewy, Inc. (NYSE:CHWY) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 69,964 shares of the company’s stock, valued at approximately $2,343,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHWY. FMR LLC grew its holdings in shares of Chewy by 166.8% in the 3rd quarter. FMR LLC now owns 3,995,329 shares of the company’s stock valued at $117,023,000 after acquiring an additional 2,497,689 shares in the last quarter. Eagle Asset Management Inc. increased its position in shares of Chewy by 97.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock worth $60,485,000 after purchasing an additional 975,647 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of Chewy by 134.3% during the 4th quarter. Allianz Asset Management GmbH now owns 1,620,809 shares of the company’s stock worth $54,281,000 after purchasing an additional 929,116 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Chewy in the 3rd quarter valued at approximately $13,699,000. Finally, Retirement Systems of Alabama bought a new position in shares of Chewy in the fourth quarter valued at $14,812,000. 93.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on CHWY shares. Barclays lifted their price objective on shares of Chewy from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Citigroup upgraded Chewy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $28.00 to $40.00 in a research note on Friday, November 8th. Bank of America upgraded Chewy from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $24.00 to $40.00 in a research note on Wednesday, November 20th. Evercore ISI upgraded Chewy from an “in-line” rating to an “outperform” rating and increased their price target for the company from $34.00 to $47.00 in a research note on Monday, January 13th. Finally, Wolfe Research raised shares of Chewy from a “peer perform” rating to an “outperform” rating in a research report on Friday, January 3rd. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.30.

Insider Activity

In other news, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $31.32, for a total transaction of $620,989,219.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sumit Singh sold 71,161 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $32.50, for a total value of $2,312,732.50. Following the completion of the sale, the chief executive officer now directly owns 77,838 shares in the company, valued at $2,529,735. This trade represents a 47.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,553,371 shares of company stock worth $933,605,214. 2.10% of the stock is currently owned by corporate insiders.

Chewy Price Performance

Shares of NYSE CHWY opened at $37.27 on Monday. The business has a fifty day moving average price of $36.71 and a two-hundred day moving average price of $32.37. The stock has a market capitalization of $15.17 billion, a PE ratio of 40.95, a P/E/G ratio of 2.21 and a beta of 1.10. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $40.09.

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

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.