Argos Holdings Gp Llc Sells 19,827,242 Shares of Chewy, Inc. (NYSE:CHWY) Stock

Chewy, Inc. (NYSE:CHWY) major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $31.32, for a total value of $620,989,219.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Argos Holdings Gp Llc also recently made the following trade(s):

• On Tuesday, October 15th, Argos Holdings Gp Llc sold 1,250,000 shares of Chewy stock. The shares were sold at an average price of $29.40, for a total value of $36,750,000.00.
• On Monday, September 23rd, Argos Holdings Gp Llc sold 26,870,748 shares of Chewy stock. The shares were sold at an average price of $29.40, for a total value of $789,999,991.20.

Chewy Trading Up 1.2 %

Shares of CHWY opened at $32.26 on Friday. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $39.10. The stock has a fifty day moving average price of $30.73 and a 200-day moving average price of $27.77. The firm has a market cap of $13.49 billion, a PE ratio of 35.45, a P/E/G ratio of 4.28 and a beta of 1.12.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, beating 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 quarter in the prior year, the business posted ($0.08) EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, research analysts forecast that Chewy, Inc. will post 0.24 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on CHWY shares. Wedbush reissued an “outperform” rating and issued a $39.00 price objective (up previously from $35.00) on shares of Chewy in a research note on Thursday, December 5th. Evercore ISI increased their price objective on Chewy from $22.00 to $29.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Royal Bank of Canada increased their price objective on Chewy from $39.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Raymond James cut Chewy from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 21st. Finally, The Goldman Sachs Group increased their price objective on Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Chewy presently has a consensus rating of “Moderate Buy” and an average price target of $34.15.

Institutional Trading of Chewy

Several hedge funds and other institutional investors have recently made changes to their positions in CHWY. Cetera Advisors LLC purchased a new position in Chewy in the 1st quarter worth $334,000. Wealth Enhancement Advisory Services LLC raised its stake in Chewy by 23.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 23,922 shares of the company’s stock worth $652,000 after acquiring an additional 4,613 shares during the last quarter. Raymond James & Associates raised its stake in Chewy by 23.7% in the 2nd quarter. Raymond James & Associates now owns 96,887 shares of the company’s stock worth $2,639,000 after acquiring an additional 18,586 shares during the last quarter. First Horizon Advisors Inc. purchased a new position in Chewy in the 2nd quarter worth $48,000. Finally, 1620 Investment Advisors Inc. purchased a new position in Chewy in the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 93.09% 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.