TimesSquare Capital Management LLC Has $33.03 Million Stock Position in Chewy Inc (NYSE:CHWY)

TimesSquare Capital Management LLC grew its position in Chewy Inc (NYSE:CHWY) by 43.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,343,900 shares of the company’s stock after buying an additional 404,800 shares during the period. TimesSquare Capital Management LLC owned approximately 0.34% of Chewy worth $33,033,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Chewy by 10.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,228,896 shares of the company’s stock valued at $54,786,000 after purchasing an additional 201,871 shares during the period. Tower Research Capital LLC TRC acquired a new position in Chewy in the 3rd quarter valued at about $389,000. Public Employees Retirement Association of Colorado acquired a new position in Chewy in the 3rd quarter valued at about $6,443,000. Benjamin F. Edwards & Company Inc. grew its stake in Chewy by 402.0% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,510 shares of the company’s stock valued at $62,000 after buying an additional 2,010 shares during the last quarter. Finally, Creative Planning grew its stake in Chewy by 9.0% in the 3rd quarter. Creative Planning now owns 12,929 shares of the company’s stock valued at $318,000 after buying an additional 1,071 shares during the last quarter. 98.54% of the stock is owned by institutional investors.

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

A number of brokerages recently commented on CHWY. Raymond James reiterated a “hold” rating on shares of Chewy in a research note on Wednesday, September 18th. Zacks Investment Research upgraded shares of Chewy from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Tuesday, August 20th. Credit Suisse Group began coverage on shares of Chewy in a research note on Monday. They issued an “outperform” rating and a $29.00 price target on the stock. Nomura upgraded shares of Chewy from a “neutral” rating to a “buy” rating and upped their price target for the company from $32.00 to $36.00 in a research note on Monday, September 23rd. Finally, ValuEngine upgraded shares of Chewy from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $36.17.

Shares of NYSE:CHWY traded up $0.82 on Wednesday, reaching $23.85. 1,636,800 shares of the company’s stock were exchanged, compared to its average volume of 2,712,749. The company’s fifty day moving average price is $25.61. Chewy Inc has a twelve month low of $22.28 and a twelve month high of $41.34.

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

Chewy Company 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.

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Institutional Ownership by Quarter for Chewy (NYSE:CHWY)

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