BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in Chewy, Inc. (NYSE:CHWY – Get Rating) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,226 shares of the company’s stock after selling 667 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Chewy were worth $305,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Baillie Gifford & Co. lifted its position in shares of Chewy by 2.8% in the 4th quarter. Baillie Gifford & Co. now owns 17,080,994 shares of the company’s stock valued at $633,363,000 after acquiring an additional 458,417 shares in the last quarter. Vanguard Group Inc. lifted its position in Chewy by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 7,322,115 shares of the company’s stock worth $224,936,000 after buying an additional 111,193 shares in the last quarter. Wellington Management Group LLP lifted its position in Chewy by 19.0% in the 1st quarter. Wellington Management Group LLP now owns 5,369,539 shares of the company’s stock worth $218,969,000 after buying an additional 856,909 shares in the last quarter. Macquarie Group Ltd. lifted its position in Chewy by 68.4% in the 3rd quarter. Macquarie Group Ltd. now owns 2,381,129 shares of the company’s stock worth $73,148,000 after buying an additional 967,028 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Chewy by 5.1% in the 1st quarter. BlackRock Inc. now owns 2,329,086 shares of the company’s stock worth $94,981,000 after buying an additional 112,753 shares in the last quarter. 99.05% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have issued reports on CHWY. Guggenheim cut their target price on shares of Chewy from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, April 20th. UBS Group increased their price target on shares of Chewy from $24.00 to $26.00 in a research note on Thursday. Deutsche Bank Aktiengesellschaft increased their price target on shares of Chewy from $35.00 to $37.00 in a research note on Thursday. Gordon Haskett upgraded shares of Chewy from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Thursday. Finally, TheStreet upgraded shares of Chewy from a “d” rating to a “c-” rating in a research note on Wednesday, April 5th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Chewy presently has a consensus rating of “Moderate Buy” and an average target price of $42.65.
Chewy Trading Down 0.9 %
Chewy (NYSE:CHWY – Get Rating) last issued its quarterly earnings results on Wednesday, March 22nd. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.24) by $0.28. Chewy had a net margin of 0.51% and a return on equity of 39.90%. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.64 billion. On average, research analysts predict that Chewy, Inc. will post -0.09 EPS for the current year.
Chewy Profile
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.
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