Chewy, Inc. (NYSE:CHWY) Shares Bought by Allworth Financial LP

Allworth Financial LP boosted its position in Chewy, Inc. (NYSE:CHWY) by 52.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,900 shares of the company’s stock after purchasing an additional 650 shares during the period. Allworth Financial LP’s holdings in Chewy were worth $71,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. grew its holdings in Chewy by 97.9% during the third quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock worth $60,485,000 after acquiring an additional 975,647 shares during the period. Centiva Capital LP acquired a new position in shares of Chewy in the 3rd quarter worth approximately $2,949,000. Geode Capital Management LLC grew its stake in shares of Chewy by 8.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,550,844 shares of the company’s stock worth $45,443,000 after purchasing an additional 119,633 shares during the last quarter. Birch Hill Investment Advisors LLC bought a new stake in shares of Chewy in the 4th quarter worth approximately $1,174,000. Finally, Simplify Asset Management Inc. acquired a new stake in Chewy during the third quarter valued at approximately $5,379,000. 93.09% of the stock is owned by institutional investors.

Chewy Trading Down 2.0 %

Shares of NYSE:CHWY opened at $34.42 on Tuesday. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $40.09. The firm has a fifty day moving average price of $36.47 and a 200 day moving average price of $32.04. The stock has a market capitalization of $14.01 billion, a PE ratio of 37.82, a P/E/G ratio of 2.21 and a beta of 1.10.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CHWY. Royal Bank of Canada increased their price objective on Chewy from $39.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Mizuho upgraded Chewy from a “neutral” rating to an “outperform” rating and increased their price target for the company from $24.00 to $42.00 in a research report on Monday, January 6th. Barclays boosted their price objective on Chewy from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Chewy from $24.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, November 22nd. Finally, BNP Paribas downgraded shares of Chewy from an “outperform” rating to a “neutral” rating in a research report on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, Chewy presently has an average rating of “Moderate Buy” and a consensus target price of $37.30.

Insider Buying and Selling

In other news, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $31.32, for a total transaction of $620,989,219.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Reeder sold 307,558 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $37.48, for a total transaction of $11,527,273.84. Following the transaction, the chief financial officer now directly owns 546,257 shares in the company, valued at $20,473,712.36. This trade represents a 36.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 28,561,427 shares of company stock valued at $933,874,848. Company insiders own 2.10% of the company’s stock.

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.