Algert Global LLC Acquires 66,300 Shares of Chewy, Inc. (NYSE:CHWY)

Algert Global LLC increased its holdings in shares of Chewy, Inc. (NYSE:CHWY) by 62.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 173,076 shares of the company’s stock after acquiring an additional 66,300 shares during the period. Algert Global LLC’s holdings in Chewy were worth $5,069,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Susquehanna Fundamental Investments LLC bought a new stake in shares of Chewy during the second quarter worth $11,916,000. Russell Investments Group Ltd. boosted its position in Chewy by 27.7% in the 1st quarter. Russell Investments Group Ltd. now owns 86,542 shares of the company’s stock valued at $1,355,000 after buying an additional 18,768 shares during the period. Cetera Advisors LLC bought a new position in Chewy in the 1st quarter worth about $334,000. Sanctuary Advisors LLC purchased a new position in shares of Chewy during the second quarter worth approximately $673,000. Finally, Bayesian Capital Management LP bought a new stake in shares of Chewy during the first quarter valued at approximately $1,737,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on CHWY shares. Wedbush restated an “outperform” rating and set a $35.00 price objective on shares of Chewy in a report on Thursday, August 29th. Robert W. Baird lifted their price objective on Chewy from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. Citigroup upgraded shares of Chewy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $28.00 to $40.00 in a report on Friday, November 8th. Raymond James cut shares of Chewy from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 21st. Finally, UBS Group increased their price objective 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. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.65.

Insider Buying and Selling at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $29.40, for a total value of $36,750,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.10% of the company’s stock.

Chewy Trading Down 2.7 %

NYSE:CHWY opened at $34.89 on Monday. The firm has a fifty day simple moving average of $29.91 and a 200-day simple moving average of $26.13. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $39.10. The company has a market capitalization of $14.59 billion, a P/E ratio of 42.55, a PEG ratio of 3.46 and a beta of 1.06.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Chewy had a return on equity of 21.00% and a net margin of 3.20%. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.86 billion. Equities analysts forecast that Chewy, Inc. will post 0.32 EPS for the current year.

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.