Castellan Group Sells 2,163 Shares of Chewy, Inc. (NYSE:CHWY)

Castellan Group reduced its stake in Chewy, Inc. (NYSE:CHWY) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 178,179 shares of the company’s stock after selling 2,163 shares during the period. Chewy makes up approximately 2.6% of Castellan Group’s investment portfolio, making the stock its 15th biggest position. Castellan Group’s holdings in Chewy were worth $5,967,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Truist Financial Corp boosted its holdings in shares of Chewy by 39.3% in the 2nd quarter. Truist Financial Corp now owns 20,732 shares of the company’s stock valued at $565,000 after purchasing an additional 5,847 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Chewy by 33.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 24,513 shares of the company’s stock valued at $718,000 after purchasing an additional 6,172 shares in the last quarter. Seven Grand Managers LLC acquired a new stake in shares of Chewy in the 3rd quarter valued at $10,252,000. Blue Trust Inc. boosted its holdings in shares of Chewy by 183.6% in the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after purchasing an additional 905 shares in the last quarter. Finally, Castleview Partners LLC acquired a new stake in shares of Chewy in the 3rd quarter valued at $76,000. 93.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CHWY shares. BNP Paribas downgraded Chewy from an “outperform” rating to a “neutral” rating in a report on Thursday, December 5th. Morgan Stanley raised their target price on Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Robert W. Baird raised their price objective on Chewy from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, November 25th. The Goldman Sachs Group raised their price objective on Chewy from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Argus raised Chewy from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.80.

Chewy Stock Up 0.9 %

Shares of NYSE:CHWY opened at $37.56 on Thursday. The business has a fifty day simple moving average of $35.59 and a 200 day simple moving average of $31.18. Chewy, Inc. has a 12-month low of $14.69 and a 12-month high of $40.09. The firm has a market cap of $15.29 billion, a P/E ratio of 41.27, a P/E/G ratio of 2.32 and a beta of 1.10.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.15. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same period last year, the company posted ($0.08) EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts expect that Chewy, Inc. will post 0.24 EPS for the current year.

Insider Transactions at Chewy

In related news, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $31.32, for a total value of $620,989,219.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sumit Singh sold 4,000 shares of Chewy stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $37.52, for a total value of $150,080.00. Following the transaction, the chief executive officer now owns 518,581 shares of the company’s stock, valued at $19,457,159.12. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,561,427 shares of company stock valued at $933,874,848. Corporate insiders own 2.10% of the company’s stock.

About Chewy

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.