854,671 Shares in Chewy $CHWY Acquired by Junto Capital Management LP

Junto Capital Management LP bought a new position in Chewy (NYSE:CHWY) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 854,671 shares of the company’s stock, valued at approximately $34,571,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHWY. Quent Capital LLC acquired a new position in shares of Chewy during the 3rd quarter valued at $27,000. Osterweis Capital Management Inc. acquired a new stake in shares of Chewy in the second quarter valued at $30,000. Princeton Global Asset Management LLC bought a new position in Chewy during the third quarter valued at about $40,000. EverSource Wealth Advisors LLC boosted its stake in Chewy by 412.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,091 shares of the company’s stock valued at $46,000 after buying an additional 878 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in Chewy during the third quarter worth about $50,000. 93.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CHWY has been the topic of several research reports. Wolfe Research set a $44.00 price target on shares of Chewy in a research report on Monday, January 5th. The Goldman Sachs Group raised their price objective on shares of Chewy from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Wall Street Zen raised shares of Chewy from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Chewy in a research note on Wednesday, January 21st. Finally, Raymond James Financial upgraded shares of Chewy from a “market perform” rating to an “outperform” rating and set a $28.00 target price for the company in a report on Thursday, February 19th. Seventeen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $45.55.

Insiders Place Their Bets

In related news, CTO Satish Mehta sold 13,013 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $28.99, for a total transaction of $377,246.87. Following the transaction, the chief technology officer directly owned 273,835 shares of the company’s stock, valued at approximately $7,938,476.65. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.43% of the company’s stock.

Chewy Stock Up 3.5%

CHWY opened at $25.46 on Monday. The stock has a fifty day moving average of $28.46 and a 200-day moving average of $33.21. The firm has a market capitalization of $10.57 billion, a P/E ratio of 53.04, a PEG ratio of 1.72 and a beta of 1.60. Chewy has a 12-month low of $23.06 and a 12-month high of $48.62.

Chewy Company Profile

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.