Skandinaviska Enskilda Banken AB publ Acquires 3,232 Shares of Chewy, Inc. (NYSE:CHWY)

Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Chewy, Inc. (NYSE:CHWY) by 29.4% in the second quarter, HoldingsChannel reports. The firm owned 14,232 shares of the company’s stock after buying an additional 3,232 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Chewy were worth $1,134,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of CHWY. Ameriprise Financial Inc. grew its holdings in Chewy by 343.0% during the first quarter. Ameriprise Financial Inc. now owns 2,497,437 shares of the company’s stock worth $211,559,000 after purchasing an additional 1,933,663 shares during the period. Baillie Gifford & Co. grew its holdings in Chewy by 4.4% during the second quarter. Baillie Gifford & Co. now owns 7,878,624 shares of the company’s stock worth $628,005,000 after purchasing an additional 329,632 shares during the period. Principal Financial Group Inc. grew its holdings in Chewy by 3,703.0% during the first quarter. Principal Financial Group Inc. now owns 268,377 shares of the company’s stock worth $22,734,000 after purchasing an additional 261,320 shares during the period. Envestnet Asset Management Inc. grew its holdings in Chewy by 220.8% during the second quarter. Envestnet Asset Management Inc. now owns 215,547 shares of the company’s stock worth $17,181,000 after purchasing an additional 148,348 shares during the period. Finally, BlackRock Inc. grew its holdings in Chewy by 4.8% during the first quarter. BlackRock Inc. now owns 2,468,421 shares of the company’s stock worth $209,098,000 after purchasing an additional 112,481 shares during the period. Institutional investors and hedge funds own 95.00% of the company’s stock.

Several brokerages have issued reports on CHWY. Evercore ISI restated a “buy” rating on shares of Chewy in a research report on Sunday, June 13th. Wedbush cut their price objective on shares of Chewy from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, September 2nd. BNP Paribas began coverage on shares of Chewy in a research report on Friday, July 16th. They set an “outperform” rating and a $101.00 price objective for the company. Barclays cut their price objective on shares of Chewy from $93.00 to $90.00 and set an “equal weight” rating for the company in a research report on Thursday, September 2nd. Finally, Robert W. Baird cut their price objective on shares of Chewy from $105.00 to $100.00 and set an “outperform” rating for the company in a research report on Thursday, September 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $97.14.

Shares of CHWY opened at $75.15 on Wednesday. Chewy, Inc. has a 12-month low of $52.76 and a 12-month high of $120.00. The firm has a market cap of $31.39 billion, a P/E ratio of 3,757.50, a price-to-earnings-growth ratio of 51.08 and a beta of 0.09. The company’s 50-day moving average price is $84.33 and its 200 day moving average price is $80.71.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Tuesday, August 31st. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.02). Chewy had a net margin of 0.13% and a return on equity of 47.79%. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the firm posted ($0.08) EPS. Chewy’s quarterly revenue was up 26.8% compared to the same quarter last year. As a group, research analysts anticipate that Chewy, Inc. will post 0.07 earnings per share for the current year.

In other Chewy news, General Counsel Susan Helfrick sold 10,463 shares of the company’s stock in a transaction on Friday, July 23rd. The stock was sold at an average price of $85.00, for a total value of $889,355.00. Following the sale, the general counsel now owns 31,390 shares of the company’s stock, valued at $2,668,150. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mario Jesus Marte sold 20,927 shares of the stock in a transaction on Thursday, August 12th. The shares were sold at an average price of $95.00, for a total value of $1,988,065.00. The disclosure for this sale can be found here. Insiders sold 52,316 shares of company stock valued at $4,656,130 in the last quarter. 0.67% of the stock is currently owned by company insiders.

Chewy Company Profile

Chewy, Inc engages in the provision of pure-play e-commerce business. It supplies pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles. The company was founded by Ryan Cohen and Michael Day in September 2011 and is headquartered in Dania Beach, FL.

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Institutional Ownership by Quarter for Chewy (NYSE:CHWY)

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