Anderson Hoagland & Co. purchased a new stake in Chewy Inc (NYSE:CHWY) during the third quarter, HoldingsChannel.com reports. The fund purchased 18,000 shares of the company’s stock, valued at approximately $594,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisor Group Inc. bought a new stake in Chewy in the 2nd quarter valued at $45,000. BNP Paribas Arbitrage SA bought a new stake in Chewy in the 2nd quarter valued at $54,000. Royal Bank of Canada bought a new stake in Chewy in the 2nd quarter valued at $56,000. Flagship Harbor Advisors LLC bought a new stake in shares of Chewy in the 2nd quarter worth about $58,000. Finally, Meridian Wealth Management LLC bought a new stake in shares of Chewy in the 2nd quarter worth about $64,000. Institutional investors own 98.46% of the company’s stock.

A number of analysts have recently weighed in on CHWY shares. Zacks Investment Research upgraded shares of Chewy from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Tuesday, August 20th. Raymond James restated a “hold” rating on shares of Chewy in a report on Wednesday, September 18th. Royal Bank of Canada started coverage on shares of Chewy in a report on Tuesday, July 9th. They issued a “sector perform” rating and a $37.00 target price on the stock. Wedbush set a $30.00 target price on shares of Chewy and gave the stock a “hold” rating in a report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. started coverage on shares of Chewy in a report on Tuesday, July 9th. They issued an “overweight” rating and a $42.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Chewy presently has an average rating of “Buy” and a consensus price target of $36.82.

In other news, Director James A. Star purchased 41,521 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were bought at an average cost of $23.94 per share, for a total transaction of $994,012.74. Also, Director Sharon Mccollam purchased 3,500 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were purchased at an average price of $27.50 per share, for a total transaction of $96,250.00.

Shares of Chewy stock traded down $0.82 during trading hours on Wednesday, reaching $25.39. The company’s stock had a trading volume of 951,338 shares, compared to its average volume of 3,102,120. The business’s 50 day simple moving average is $29.14. Chewy Inc has a one year low of $22.28 and a one year high of $41.34.

Chewy (NYSE:CHWY) last posted its earnings results on Tuesday, September 17th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.10). The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.13 billion. The firm’s revenue was up 43.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.16) EPS. As a group, sell-side analysts forecast that Chewy Inc will post -0.57 earnings per share for the current year.

Chewy Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food, pet products, pet medications, and other pet health products for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications.

See Also: Does a trade war provide a risk to the global economy?

Want to see what other hedge funds are holding CHWY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chewy Inc (NYSE:CHWY).

Institutional Ownership by Quarter for Chewy (NYSE:CHWY)

Receive News & Ratings for Chewy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chewy and related companies with MarketBeat.com's FREE daily email newsletter.