Radnor Capital Management LLC Acquires New Shares in Chewy, Inc. (NYSE:CHWY)

Radnor Capital Management LLC bought a new position in Chewy, Inc. (NYSE:CHWY) in the third quarter, HoldingsChannel reports. The institutional investor bought 15,090 shares of the company’s stock, valued at approximately $442,000.

Several other hedge funds have also recently modified their holdings of the business. BC Partners Advisors L.P. purchased a new stake in Chewy in the second quarter worth approximately $7,517,800,000. Marshall Wace LLP boosted its stake in shares of Chewy by 1,028.6% in the 2nd quarter. Marshall Wace LLP now owns 2,892,841 shares of the company’s stock worth $78,801,000 after buying an additional 2,636,526 shares during the last quarter. Fiera Capital Corp bought a new stake in shares of Chewy in the second quarter worth $44,373,000. Clearbridge Investments LLC purchased a new stake in Chewy during the second quarter valued at $40,798,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Chewy by 127.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,717,660 shares of the company’s stock valued at $27,328,000 after acquiring an additional 963,540 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CHWY. Royal Bank of Canada boosted their price target on Chewy from $24.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Wolfe Research assumed coverage on shares of Chewy in a report on Tuesday, July 16th. They set a “peer perform” rating for the company. Piper Sandler reiterated an “overweight” rating and set a $35.00 price target on shares of Chewy in a research note on Friday, September 20th. TD Cowen began coverage on shares of Chewy in a research report on Wednesday, October 9th. They set a “buy” rating and a $38.00 price objective for the company. Finally, Wedbush reaffirmed an “outperform” rating and issued a $35.00 target price on shares of Chewy in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.55.

Insiders Place Their Bets

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 transaction of $36,750,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.10% of the company’s stock.

Chewy Trading Up 3.5 %

NYSE:CHWY opened at $30.78 on Friday. The business’s 50-day moving average is $28.84 and its 200 day moving average is $24.60. 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 $12.87 billion, a P/E ratio of 37.54, a P/E/G ratio of 2.88 and a beta of 1.06.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.05 earnings per share (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. On average, research analysts forecast that Chewy, Inc. will post 0.32 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.