Chewy (NYSE:CHWY) Stock Rating Upgraded by Seaport Res Ptn

Seaport Res Ptn upgraded shares of Chewy (NYSE:CHWY) to a hold rating in a research note published on Monday morning,Zacks.com reports.

Several other research firms have also weighed in on CHWY. BNP Paribas lowered Chewy from an “outperform” rating to a “neutral” rating in a report on Thursday, December 5th. Wolfe Research upgraded shares of Chewy from a “peer perform” rating to an “outperform” rating in a research note on Friday, January 3rd. Morgan Stanley lifted their price target on shares of Chewy from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Argus upgraded Chewy from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, UBS Group increased their target price on shares of Chewy from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.95.

Chewy Trading Down 0.9 %

Shares of CHWY stock opened at $33.30 on Monday. The stock’s fifty day simple moving average is $36.09 and its 200-day simple moving average is $33.14. The company has a market capitalization of $13.56 billion, a price-to-earnings ratio of 36.60, a P/E/G ratio of 2.21 and a beta of 1.23. Chewy has a 1-year low of $14.69 and a 1-year high of $40.09.

Insider Activity

In other news, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $35.77, for a total value of $250,390,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Sumit Singh sold 4,000 shares of Chewy stock in a transaction on Friday, January 17th. The stock was sold at an average price of $37.52, for a total transaction of $150,080.00. Following the transaction, the chief executive officer now directly owns 518,581 shares of the company’s stock, valued at $19,457,159.12. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,083,269 shares of company stock valued at $290,611,129. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Chewy

Several institutional investors and hedge funds have recently made changes to their positions in CHWY. Banque Transatlantique SA acquired a new position in Chewy in the fourth quarter valued at approximately $30,000. Fifth Third Bancorp increased its stake in shares of Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock valued at $33,000 after acquiring an additional 444 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Chewy by 22.9% during the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock valued at $58,000 after acquiring an additional 320 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Chewy during the third quarter worth $63,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in shares of Chewy during the fourth quarter valued at about $67,000. 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.