Janney Montgomery Scott LLC Has $1.13 Million Stock Holdings in Chewy, Inc. (NYSE:CHWY)

Janney Montgomery Scott LLC increased its holdings in shares of Chewy, Inc. (NYSE:CHWY) by 281.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 38,398 shares of the company’s stock after purchasing an additional 28,337 shares during the period. Janney Montgomery Scott LLC’s holdings in Chewy were worth $1,125,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CHWY. 1620 Investment Advisors Inc. acquired a new position in Chewy in the 2nd quarter valued at approximately $33,000. Blue Trust Inc. raised its holdings in Chewy by 183.6% in the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after acquiring an additional 905 shares in the last quarter. Industrial Alliance Investment Management Inc. acquired a new position in Chewy in the 2nd quarter valued at approximately $44,000. First Horizon Advisors Inc. acquired a new position in Chewy in the 2nd quarter valued at approximately $48,000. Finally, Skylands Capital LLC acquired a new position in Chewy in the 2nd quarter valued at approximately $52,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CHWY shares. Robert W. Baird upped their price objective on Chewy from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Bank of America increased their price target on Chewy from $20.00 to $24.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. UBS Group increased their price objective on Chewy from $21.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research report on Wednesday, October 23rd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $35.00 price objective on shares of Chewy in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.15.

Chewy Trading Down 2.1 %

Shares of Chewy stock opened at $31.70 on Friday. The stock’s fifty day simple moving average is $29.35 and its 200 day simple moving average is $25.23. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $39.10. The company has a market capitalization of $13.25 billion, a PE ratio of 39.22, a PEG ratio of 3.27 and a beta of 1.06.

Chewy (NYSE:CHWY) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. Chewy had a return on equity of 21.00% and a net margin of 3.20%. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.86 billion. Analysts predict that Chewy, Inc. will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $29.40, for a total value of $36,750,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.