Dynamic Technology Lab Private Ltd Invests $1.81 Million in Chewy, Inc. (NYSE:CHWY)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Chewy, Inc. (NYSE:CHWY) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 61,870 shares of the company’s stock, valued at approximately $1,812,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHWY. Senvest Management LLC purchased a new position in Chewy in the 3rd quarter valued at about $5,047,000. Algert Global LLC boosted its position in Chewy by 62.1% during the third quarter. Algert Global LLC now owns 173,076 shares of the company’s stock worth $5,069,000 after acquiring an additional 66,300 shares during the last quarter. Cerity Partners LLC grew its stake in Chewy by 42.4% in the 3rd quarter. Cerity Partners LLC now owns 15,324 shares of the company’s stock worth $449,000 after acquiring an additional 4,559 shares during the period. Eagle Asset Management Inc. raised its holdings in Chewy by 97.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock valued at $60,485,000 after acquiring an additional 975,647 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Chewy by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 824,824 shares of the company’s stock worth $24,159,000 after purchasing an additional 46,629 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Chewy Stock Down 0.8 %

CHWY opened at $34.61 on Tuesday. The firm has a market capitalization of $14.47 billion, a P/E ratio of 42.21, a P/E/G ratio of 3.36 and a beta of 1.06. The firm’s 50 day moving average is $29.95 and its 200-day moving average is $26.26. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $39.10.

Chewy (NYSE:CHWY) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.05 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.86 billion. Equities analysts expect that Chewy, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on CHWY shares. Wedbush reiterated an “outperform” rating and set a $35.00 target price on shares of Chewy in a research report on Thursday, August 29th. Barclays upped their price target on shares of Chewy from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price objective on Chewy from $28.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $35.00 target price on shares of Chewy in a report on Friday, September 20th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Chewy has an average rating of “Moderate Buy” and an average price target of $32.35.

Insider Activity

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 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 SEC, which is accessible through the SEC website. Company insiders own 2.10% 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. 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.