Hantz Financial Services Inc. Increases Stake in Chewy, Inc. (NYSE:CHWY)

Hantz Financial Services Inc. raised its position in Chewy, Inc. (NYSE:CHWY) by 172.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,691 shares of the company’s stock after purchasing an additional 8,038 shares during the quarter. Hantz Financial Services Inc.’s holdings in Chewy were worth $372,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CHWY. Northwest & Ethical Investments L.P. raised its holdings in shares of Chewy by 141.4% in the third quarter. Northwest & Ethical Investments L.P. now owns 7,000 shares of the company’s stock worth $205,000 after buying an additional 4,100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Chewy by 35.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,417 shares of the company’s stock worth $920,000 after purchasing an additional 8,139 shares during the period. Blueshift Asset Management LLC increased its stake in Chewy by 71.4% in the third quarter. Blueshift Asset Management LLC now owns 31,678 shares of the company’s stock worth $928,000 after purchasing an additional 13,198 shares during the period. Bridgewater Associates LP purchased a new stake in Chewy in the third quarter worth $1,149,000. Finally, Townsquare Capital LLC purchased a new stake in Chewy in the third quarter worth $236,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CHWY shares. Wedbush reaffirmed an “outperform” rating and issued a $35.00 price target on shares of Chewy in a research note on Thursday, August 29th. Morgan Stanley increased their price objective on Chewy from $33.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Piper Sandler restated an “overweight” rating and set a $35.00 price objective on shares of Chewy in a report on Friday, September 20th. Raymond James cut Chewy from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 21st. Finally, Citigroup upgraded Chewy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $28.00 to $40.00 in a report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.35.

Chewy Price Performance

Shares of CHWY stock opened at $33.41 on Monday. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $39.10. The stock’s fifty day moving average price is $30.16 and its 200 day moving average price is $26.75. The company has a market cap of $13.97 billion, a price-to-earnings ratio of 40.74, a price-to-earnings-growth ratio of 3.13 and a beta of 1.06.

Insider Transactions at Chewy

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $29.40, for a total transaction of $36,750,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.10% 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.