This afternoon we watched Chewy rise 2.7% to a price of $33.91 per share. The large-cap Specialty Retail company is now trading -24.56% below its average target price of $44.95. Analysts have set target prices ranging from $24.0 to $67.75 per share for Chewy, and have given the stock an average rating of buy.
The stock has an unusually large proportion of its shares sold short at 36.3%, and a short ratio of 6.19. The company's insiders own 17.52% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 96.1% of Chewy's shares being owned by this investor type.
Institutions Invested in Chewy
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2022-12-31 | Morgan Stanley | 18% | 20,287,240 | $687,940,305 |
| 2023-03-31 | Baillie Gifford and Company | 14% | 16,528,678 | $560,487,468 |
| 2022-12-31 | Vanguard Group, Inc. (The) | 7% | 7,619,549 | $258,378,905 |
| 2023-03-31 | Brown Advisory Inc. | 6% | 6,711,811 | $227,597,509 |
| 2022-12-31 | Wellington Management Group, LLP | 4% | 5,097,740 | $172,864,362 |
| 2022-12-31 | Goldman Sachs Group Inc | 2% | 2,601,774 | $88,226,155 |
| 2022-12-31 | Marshall Wace LLP | 2% | 2,587,868 | $87,754,603 |
| 2022-12-31 | Macquarie Group Limited | 2% | 2,483,705 | $84,222,436 |
| 2022-12-31 | Blackrock Inc. | 2% | 2,467,898 | $83,686,420 |
| 2022-12-31 | BC Partners Advisors L.P. | 0% | 311,852,395 | $10,574,914,666 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Chewy.
