Chewy, Inc. (NYSE:CHWY) Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC lifted its position in shares of Chewy, Inc. (NYSE:CHWY) by 1,301,834.4% during the first quarter, Holdings Channel reports. The firm owned 416,619 shares of the company’s stock after acquiring an additional 416,587 shares during the quarter. Lazard Asset Management LLC’s holdings in Chewy were worth $6,628,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in CHWY. Quest Partners LLC acquired a new stake in shares of Chewy during the fourth quarter worth about $65,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Chewy during the first quarter worth about $65,000. EntryPoint Capital LLC grew its holdings in shares of Chewy by 18.0% during the first quarter. EntryPoint Capital LLC now owns 4,066 shares of the company’s stock worth $65,000 after buying an additional 619 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Chewy by 37.8% during the fourth quarter. Signaturefd LLC now owns 3,358 shares of the company’s stock worth $79,000 after buying an additional 922 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Chewy by 15.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,022 shares of the company’s stock worth $95,000 after buying an additional 543 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

CHWY has been the topic of a number of research reports. Evercore ISI raised their price target on Chewy from $19.00 to $22.00 and gave the stock an “in-line” rating in a report on Friday, May 31st. Mizuho raised their price target on Chewy from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, June 10th. Deutsche Bank Aktiengesellschaft raised their price target on Chewy from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Argus lowered Chewy from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, Raymond James lifted their price objective on Chewy from $19.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Chewy presently has an average rating of “Moderate Buy” and a consensus target price of $27.07.

Insiders Place Their Bets

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 1,338,262 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $30.32, for a total value of $40,576,103.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Argos Holdings Gp Llc sold 1,338,262 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $30.32, for a total value of $40,576,103.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Satish Mehta sold 8,019 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $15.12, for a total transaction of $121,247.28. Following the sale, the chief technology officer now owns 569,594 shares of the company’s stock, valued at $8,612,261.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,942,371 shares of company stock worth $541,393,732. Insiders own 2.10% of the company’s stock.

Chewy Trading Down 1.2 %

Shares of Chewy stock opened at $24.75 on Monday. The company has a fifty day moving average price of $23.68 and a 200 day moving average price of $19.38. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $39.10. The stock has a market cap of $10.76 billion, a price-to-earnings ratio of 139.11, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03.

Chewy (NYSE:CHWY) last released its quarterly earnings data on Wednesday, May 29th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.11. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.85 billion. Chewy had a net margin of 0.73% and a return on equity of 16.62%. Analysts forecast that Chewy, Inc. will post 0.23 earnings per share for the current year.

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.