Chewy Inc (NYSE:CHWY) Shares Bought by State Street Corp

State Street Corp raised its holdings in Chewy Inc (NYSE:CHWY) by 14.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 200,946 shares of the company’s stock after purchasing an additional 24,750 shares during the period. State Street Corp owned about 0.05% of Chewy worth $7,533,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada raised its position in shares of Chewy by 7.1% in the 1st quarter. Royal Bank of Canada now owns 116,220 shares of the company’s stock valued at $4,357,000 after purchasing an additional 7,676 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of Chewy in the 1st quarter valued at approximately $92,000. Schroder Investment Management Group increased its holdings in shares of Chewy by 274.7% in the 1st quarter. Schroder Investment Management Group now owns 11,929 shares of the company’s stock valued at $396,000 after acquiring an additional 8,745 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Chewy by 190.9% in the 4th quarter. Franklin Resources Inc. now owns 101,983 shares of the company’s stock valued at $2,957,000 after acquiring an additional 66,923 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Chewy by 25.6% in the 1st quarter. Wells Fargo & Company MN now owns 1,828,794 shares of the company’s stock valued at $68,562,000 after acquiring an additional 372,823 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors.

NYSE:CHWY opened at $52.49 on Friday. Chewy Inc has a 1 year low of $20.62 and a 1 year high of $52.77. The stock has a market cap of $21.08 billion and a price-to-earnings ratio of -77.19. The business has a fifty day moving average of $47.93 and a 200-day moving average of $38.42.

Chewy (NYSE:CHWY) last released its quarterly earnings results on Tuesday, June 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.01). The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the firm posted ($0.08) earnings per share. The business’s quarterly revenue was up 46.1% on a year-over-year basis. Equities analysts expect that Chewy Inc will post -0.45 EPS for the current fiscal year.

CHWY has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their price target on Chewy from $40.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Bank of America boosted their price target on Chewy from $47.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. JPMorgan Chase & Co. upped their price objective on Chewy from $43.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. Morgan Stanley upped their price objective on Chewy from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Monday, June 22nd. Finally, Nomura Instinet upped their price objective on Chewy from $40.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $53.93.

In other news, Director James Kevin Symancyk sold 100,000 shares of the company’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $50.86, for a total value of $5,086,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Susan Helfrick sold 27,062 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $46.04, for a total value of $1,245,934.48. Following the completion of the sale, the general counsel now owns 55,453 shares of the company’s stock, valued at approximately $2,553,056.12. The disclosure for this sale can be found here. In the last three months, insiders sold 1,042,707 shares of company stock valued at $50,422,855. Company insiders own 0.40% of the company’s stock.

Chewy Company Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food, pet products, pet medications, and other pet health products for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications.

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Institutional Ownership by Quarter for Chewy (NYSE:CHWY)

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