15,090 Shares in Chewy, Inc. (NYSE:CHWY) Purchased by Radnor Capital Management LLC

Radnor Capital Management LLC acquired a new stake in shares of Chewy, Inc. (NYSE:CHWY) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,090 shares of the company’s stock, valued at approximately $442,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BC Partners Advisors L.P. bought a new stake in shares of Chewy during the 2nd quarter valued at $7,517,800,000. Vanguard Group Inc. increased its position in shares of Chewy by 9.1% during the first quarter. Vanguard Group Inc. now owns 10,480,230 shares of the company’s stock valued at $166,740,000 after buying an additional 875,532 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Chewy by 7.8% in the second quarter. Bank of New York Mellon Corp now owns 3,553,104 shares of the company’s stock worth $96,787,000 after buying an additional 258,502 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Chewy by 1,028.6% in the second quarter. Marshall Wace LLP now owns 2,892,841 shares of the company’s stock valued at $78,801,000 after acquiring an additional 2,636,526 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Chewy by 8.7% during the second quarter. Renaissance Technologies LLC now owns 2,521,755 shares of the company’s stock valued at $68,693,000 after acquiring an additional 200,900 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on CHWY shares. UBS Group raised their price target on shares of Chewy from $21.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Needham & Company LLC reissued a “hold” rating on shares of Chewy in a report on Wednesday, October 23rd. Wedbush reaffirmed an “outperform” rating and set a $35.00 price objective on shares of Chewy in a report on Thursday, August 29th. Piper Sandler reiterated an “overweight” rating and issued a $35.00 target price on shares of Chewy in a research report on Friday, September 20th. Finally, Bank of America raised their price target on Chewy from $20.00 to $24.00 and gave the company an “underperform” rating in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.55.

Chewy Stock Up 3.5 %

Shares of CHWY stock opened at $30.78 on Friday. The business’s fifty day moving average is $28.84 and its 200 day moving average is $24.60. The stock has a market cap of $12.87 billion, a price-to-earnings ratio of 37.54, a PEG ratio of 2.88 and a beta of 1.06. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $39.10.

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

Insider Activity

In related 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 SEC, which is accessible through this hyperlink. Company insiders own 2.10% of the company’s stock.

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.