Toronto Dominion Bank Has $833,000 Stock Holdings in Chewy, Inc. (NYSE:CHWY)

Posted by Defense World Staff on Feb 15th, 2023

Toronto Dominion Bank boosted its holdings in shares of Chewy, Inc. (NYSE:CHWY – Get Rating) by 32.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,129 shares of the company’s stock after buying an additional 6,702 shares during the period. Toronto Dominion Bank’s holdings in Chewy were worth $833,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in shares of Chewy by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 146,374 shares of the company’s stock valued at $5,969,000 after purchasing an additional 3,814 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in shares of Chewy by 40.0% in the first quarter. Panagora Asset Management Inc. now owns 24,000 shares of the company’s stock valued at $979,000 after purchasing an additional 6,863 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Chewy by 5.1% in the first quarter. BlackRock Inc. now owns 2,329,086 shares of the company’s stock valued at $94,981,000 after purchasing an additional 112,753 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Chewy by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 155,106 shares of the company’s stock valued at $6,326,000 after purchasing an additional 11,146 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in shares of Chewy by 10.7% in the first quarter. Vontobel Holding Ltd. now owns 38,171 shares of the company’s stock valued at $1,633,000 after purchasing an additional 3,682 shares during the last quarter. Institutional investors and hedge funds own 99.05% of the company’s stock.

Insider Buying and Selling at Chewy

In other news, CTO Satish Mehta sold 31,452 shares of the company’s stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $42.79, for a total value of $1,345,831.08. Following the completion of the sale, the chief technology officer now owns 440,360 shares of the company’s stock, valued at approximately $18,843,004.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CTO Satish Mehta sold 31,452 shares of Chewy stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $42.79, for a total value of $1,345,831.08. Following the transaction, the chief technology officer now owns 440,360 shares in the company, valued at $18,843,004.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Susan Helfrick sold 16,947 shares of the business’s stock in a transaction dated Wednesday, January 25th. The shares were sold at an average price of $45.00, for a total value of $762,615.00. Following the completion of the sale, the general counsel now directly owns 56,270 shares of the company’s stock, valued at approximately $2,532,150. The disclosure for this sale can be found here. Insiders have sold 236,958 shares of company stock worth $10,171,541 over the last ninety days. Insiders own 1.80% of the company’s stock.

Chewy Stock Performance

Shares of NYSE:CHWY opened at $47.89 on Wednesday. The firm has a market capitalization of $20.27 billion, a PE ratio of -957.61, a price-to-earnings-growth ratio of 18.28 and a beta of 0.77. Chewy, Inc. has a 52-week low of $22.22 and a 52-week high of $54.19. The firm has a fifty day moving average of $42.31 and a 200 day moving average of $39.87.

Chewy (NYSE:CHWY – Get Rating) last posted its quarterly earnings data on Thursday, December 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.45 billion. Chewy had a negative return on equity of 23.10% and a negative net margin of 0.21%. On average, sell-side analysts forecast that Chewy, Inc. will post -0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on CHWY shares. Wolfe Research downgraded shares of Chewy from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 7th. Barclays raised their price objective on shares of Chewy from $30.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, December 9th. Evercore ISI raised their price objective on shares of Chewy to $55.00 in a report on Monday, December 12th. Wedbush upgraded shares of Chewy from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $35.00 to $55.00 in a report on Friday, January 27th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Chewy from $40.00 to $50.00 in a report on Monday, November 21st. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.16.

About Chewy

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Chewy, Inc operates as a pure-play pet e-tailer in the United States. 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.