Wealth Enhancement Advisory Services LLC Sells 4,482 Shares of Chewy, Inc. (NYSE:CHWY)

Wealth Enhancement Advisory Services LLC reduced its stake in Chewy, Inc. (NYSE:CHWY) by 18.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 19,440 shares of the company’s stock after selling 4,482 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Chewy were worth $569,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its stake in Chewy by 28.3% in the first quarter. Commonwealth Equity Services LLC now owns 40,476 shares of the company’s stock valued at $644,000 after acquiring an additional 8,940 shares during the last quarter. SG Americas Securities LLC lifted its stake in Chewy by 40.5% in the first quarter. SG Americas Securities LLC now owns 42,029 shares of the company’s stock valued at $669,000 after purchasing an additional 12,118 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in Chewy by 371.5% during the first quarter. Oppenheimer & Co. Inc. now owns 50,068 shares of the company’s stock valued at $797,000 after purchasing an additional 39,450 shares during the period. Swiss National Bank increased its position in Chewy by 1.0% in the first quarter. Swiss National Bank now owns 237,400 shares of the company’s stock worth $3,777,000 after buying an additional 2,400 shares during the last quarter. Finally, Washington Trust Advisors Inc. raised its stake in shares of Chewy by 25.6% in the first quarter. Washington Trust Advisors Inc. now owns 293,413 shares of the company’s stock valued at $4,668,000 after buying an additional 59,818 shares during the period. Institutional investors own 93.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on CHWY shares. Robert W. Baird increased their price target on Chewy from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Wedbush reiterated an “outperform” rating and issued a $35.00 target price on shares of Chewy in a research note on Thursday, August 29th. Morgan Stanley raised their price objective on shares of Chewy from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Needham & Company LLC reissued a “hold” rating on shares of Chewy in a report on Wednesday, October 23rd. Finally, Citigroup increased their target price on Chewy from $16.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $29.55.

Chewy Trading Up 3.5 %

Shares of NYSE CHWY opened at $30.78 on Friday. The business has a 50-day moving average of $28.84 and a 200-day moving average of $24.60. The firm has a market capitalization of $12.87 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 2.88 and a beta of 1.06. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $39.10.

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

Insider Activity at Chewy

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of Chewy stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $29.40, for a total transaction of $36,750,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is owned by insiders.

Chewy Company 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.