Daiwa Securities Group Inc. Purchases 10,949 Shares of Chewy, Inc. (NYSE:CHWY)

Daiwa Securities Group Inc. lifted its stake in shares of Chewy, Inc. (NYSE:CHWY) by 165.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,555 shares of the company’s stock after acquiring an additional 10,949 shares during the period. Daiwa Securities Group Inc.’s holdings in Chewy were worth $415,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its position in shares of Chewy by 15.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,022 shares of the company’s stock worth $95,000 after acquiring an additional 543 shares in the last quarter. IFM Investors Pty Ltd increased its position in shares of Chewy by 5.7% during the third quarter. IFM Investors Pty Ltd now owns 13,371 shares of the company’s stock worth $244,000 after acquiring an additional 723 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of Chewy by 2.2% during the third quarter. Handelsbanken Fonder AB now owns 33,199 shares of the company’s stock worth $606,000 after acquiring an additional 730 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of Chewy by 3.8% during the third quarter. D.A. Davidson & CO. now owns 22,663 shares of the company’s stock worth $414,000 after acquiring an additional 840 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in shares of Chewy by 7.9% during the third quarter. Private Advisor Group LLC now owns 11,984 shares of the company’s stock worth $219,000 after acquiring an additional 875 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Chewy Stock Up 3.0 %

CHWY stock opened at $15.84 on Friday. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $40.78. The firm has a market cap of $6.89 billion, a P/E ratio of 198.02, a P/E/G ratio of 7.86 and a beta of 0.90. The company’s 50-day moving average price is $16.70 and its two-hundred day moving average price is $18.59.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, March 20th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.09. Chewy had a net margin of 0.33% and a return on equity of 11.69%. The firm had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.79 billion. Equities analysts predict that Chewy, Inc. will post 0.08 EPS for the current year.

Insider Activity at Chewy

In related news, CTO Satish Mehta sold 40,523 shares of Chewy stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $17.70, for a total transaction of $717,257.10. Following the sale, the chief technology officer now directly owns 557,058 shares of the company’s stock, valued at approximately $9,859,926.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Stacy Bowman sold 8,025 shares of Chewy stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total transaction of $124,628.25. Following the sale, the chief accounting officer now directly owns 243,769 shares of the company’s stock, valued at approximately $3,785,732.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Satish Mehta sold 40,523 shares of Chewy stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $17.70, for a total transaction of $717,257.10. Following the sale, the chief technology officer now owns 557,058 shares in the company, valued at $9,859,926.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 250,169 shares of company stock valued at $4,396,079. 2.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on CHWY. Wedbush restated an “outperform” rating and set a $25.00 target price on shares of Chewy in a report on Thursday, March 21st. Mizuho began coverage on shares of Chewy in a report on Tuesday, March 19th. They set a “neutral” rating and a $18.00 target price for the company. Royal Bank of Canada reduced their target price on shares of Chewy from $35.00 to $22.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Bank of America reduced their target price on shares of Chewy from $17.00 to $16.50 and set an “underperform” rating for the company in a report on Thursday, March 21st. Finally, JMP Securities restated a “market outperform” rating and set a $28.00 target price on shares of Chewy in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Chewy has an average rating of “Moderate Buy” and an average target price of $27.50.

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.