Blueshift Asset Management LLC Buys 13,198 Shares of Chewy, Inc. (NYSE:CHWY)

Blueshift Asset Management LLC raised its position in shares of Chewy, Inc. (NYSE:CHWY) by 71.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,678 shares of the company’s stock after buying an additional 13,198 shares during the period. Blueshift Asset Management LLC’s holdings in Chewy were worth $928,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. 1620 Investment Advisors Inc. purchased a new stake in shares of Chewy during the second quarter worth about $33,000. Blue Trust Inc. raised its position in Chewy by 183.6% during the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after purchasing an additional 905 shares during the last quarter. Industrial Alliance Investment Management Inc. purchased a new stake in Chewy in the 2nd quarter worth approximately $44,000. First Horizon Advisors Inc. bought a new stake in shares of Chewy in the 2nd quarter worth approximately $48,000. Finally, Skylands Capital LLC purchased a new position in shares of Chewy during the second quarter valued at approximately $52,000. Institutional investors own 93.09% of the company’s stock.

Chewy Stock Performance

CHWY opened at $34.05 on Wednesday. The company’s 50-day simple moving average is $29.99 and its two-hundred day simple moving average is $26.39. The stock has a market capitalization of $14.24 billion, a P/E ratio of 41.52, a P/E/G ratio of 3.34 and a beta of 1.06. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $39.10.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.05 earnings per share for the quarter, beating 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 company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.86 billion. Research analysts forecast that Chewy, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CHWY has been the subject of a number of research analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $35.00 price target on shares of Chewy in a research note on Thursday, August 29th. TD Cowen initiated coverage on shares of Chewy in a report on Wednesday, October 9th. They issued a “buy” rating and a $38.00 price objective for the company. Bank of America raised Chewy from an “underperform” rating to a “buy” rating and increased their target price for the stock from $24.00 to $40.00 in a research report on Wednesday, November 20th. Evercore ISI lifted their price target on Chewy from $22.00 to $29.00 and gave the company an “in-line” rating in a research report on Wednesday, August 28th. Finally, Morgan Stanley increased their price objective on Chewy from $33.00 to $36.00 and gave the stock an “overweight” rating in a report 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 a consensus price target of $32.35.

Insider Buying and Selling at Chewy

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 26,870,748 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $29.40, for a total transaction of $789,999,991.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.10% of the company’s stock.

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.