GSA Capital Partners LLP Reduces Holdings in Chewy, Inc. (NYSE:CHWY)

GSA Capital Partners LLP reduced its stake in Chewy, Inc. (NYSE:CHWY) by 1.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,103 shares of the company’s stock after selling 421 shares during the period. GSA Capital Partners LLP’s holdings in Chewy were worth $882,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in shares of Chewy by 40.5% in the first quarter. SG Americas Securities LLC now owns 42,029 shares of the company’s stock worth $669,000 after buying an additional 12,118 shares during the period. Swiss National Bank raised its stake in shares of Chewy by 1.0% during the first quarter. Swiss National Bank now owns 237,400 shares of the company’s stock valued at $3,777,000 after acquiring an additional 2,400 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Chewy by 27.7% during the first quarter. Russell Investments Group Ltd. now owns 86,542 shares of the company’s stock worth $1,355,000 after purchasing an additional 18,768 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Chewy by 127.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,717,660 shares of the company’s stock worth $27,328,000 after purchasing an additional 963,540 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Chewy by 9.1% in the first quarter. Vanguard Group Inc. now owns 10,480,230 shares of the company’s stock worth $166,740,000 after purchasing an additional 875,532 shares during the last quarter. Institutional investors own 93.09% of the company’s stock.

Chewy Stock Performance

Shares of CHWY stock opened at $31.71 on Friday. The company has a market capitalization of $13.26 billion, a price-to-earnings ratio of 38.67, a price-to-earnings-growth ratio of 3.27 and a beta of 1.06. Chewy, Inc. has a one year low of $14.69 and a one year high of $39.10. The company’s 50-day moving average is $29.46 and its 200 day moving average is $25.41.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.86 billion. Chewy had a net margin of 3.20% and a return on equity of 21.00%. As a group, research analysts predict that Chewy, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Transactions at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of Chewy stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $29.40, for a total value of $36,750,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Barclays upped their price target on Chewy from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Royal Bank of Canada raised their price target on Chewy from $24.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Robert W. Baird boosted their price objective on shares of Chewy from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Piper Sandler reaffirmed an “overweight” rating and issued a $35.00 target price on shares of Chewy in a research report on Friday, September 20th. Finally, UBS Group lifted their target price on shares of Chewy from $21.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.15.

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.