Northwest & Ethical Investments L.P. Boosts Stock Position in Chewy, Inc. (NYSE:CHWY)

Northwest & Ethical Investments L.P. grew its position in Chewy, Inc. (NYSE:CHWY) by 141.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,000 shares of the company’s stock after buying an additional 4,100 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Chewy were worth $205,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. B. Riley Wealth Advisors Inc. boosted its stake in Chewy by 3.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 28,359 shares of the company’s stock worth $451,000 after purchasing an additional 870 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Chewy by 183.6% during the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock worth $38,000 after buying an additional 905 shares during the period. Washington Trust Advisors Inc. grew its holdings in shares of Chewy by 0.3% during the third quarter. Washington Trust Advisors Inc. now owns 278,452 shares of the company’s stock valued at $8,156,000 after buying an additional 923 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Chewy by 10.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company’s stock valued at $308,000 after acquiring an additional 1,029 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new position in Chewy in the 2nd quarter worth $33,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chewy

In related news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the business’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 transaction of $36,750,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.10% of the company’s stock.

Chewy Stock Up 0.2 %

NYSE:CHWY opened at $33.41 on Friday. The company has a fifty day simple moving average of $30.16 and a two-hundred day simple moving average of $26.67. The company has a market cap of $13.97 billion, a price-to-earnings ratio of 40.74, a price-to-earnings-growth ratio of 3.12 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 results on Wednesday, August 28th. The company reported $0.05 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.86 billion. On average, analysts expect that Chewy, Inc. will post 0.33 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Raymond James lowered Chewy from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 21st. TD Cowen started coverage on shares of Chewy in a report on Wednesday, October 9th. They issued a “buy” rating and a $38.00 price objective on the stock. Evercore ISI raised their target price on shares of Chewy from $22.00 to $29.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th. Piper Sandler restated an “overweight” rating and set a $35.00 target price on shares of Chewy in a research report on Friday, September 20th. Finally, Barclays increased their price target on Chewy from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.35.

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.