Chewy, Inc. (NYSE:CHWY) Holdings Lowered by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its stake in shares of Chewy, Inc. (NYSE:CHWY) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,755 shares of the company’s stock after selling 643 shares during the period. Janney Montgomery Scott LLC’s holdings in Chewy were worth $1,264,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CHWY. Blue Trust Inc. lifted its stake in Chewy by 183.6% in the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock worth $38,000 after acquiring an additional 905 shares in the last quarter. Planning Capital Management Corp acquired a new stake in shares of Chewy during the third quarter worth approximately $52,000. Future Financial Wealth Managment LLC purchased a new position in Chewy during the third quarter valued at approximately $62,000. Wilmington Savings Fund Society FSB acquired a new position in Chewy in the 3rd quarter valued at approximately $63,000. Finally, Castleview Partners LLC purchased a new stake in Chewy in the 3rd quarter worth approximately $76,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Sumit Singh sold 71,161 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $32.50, for a total transaction of $2,312,732.50. Following the completion of the transaction, the chief executive officer now owns 77,838 shares in the company, valued at $2,529,735. This trade represents a 47.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Satish Mehta sold 8,056 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $33.47, for a total value of $269,634.32. Following the completion of the sale, the chief technology officer now owns 585,962 shares in the company, valued at $19,612,148.14. This trade represents a 1.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,196,437 shares of company stock worth $920,170,901. 2.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CHWY. TD Cowen assumed coverage on Chewy in a report on Wednesday, October 9th. They set a “buy” rating and a $38.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on Chewy from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. UBS Group lifted their target price on shares of Chewy from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. BNP Paribas lowered shares of Chewy from an “outperform” rating to a “neutral” rating in a research note on Thursday, December 5th. Finally, The Goldman Sachs Group lifted their price objective on shares of Chewy from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.80.

Chewy Stock Performance

NYSE CHWY opened at $38.60 on Wednesday. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $40.09. The stock has a market cap of $15.72 billion, a PE ratio of 42.42, a PEG ratio of 4.36 and a beta of 1.10. The firm has a 50-day simple moving average of $35.06 and a 200 day simple moving average of $30.63.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.15. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.86 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.08) EPS. Research analysts forecast that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Chewy Profile

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.