PFG Investments LLC Sells 675 Shares of Chewy, Inc. (NYSE:CHWY)

PFG Investments LLC cut its stake in Chewy, Inc. (NYSE:CHWY) by 5.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,434 shares of the company’s stock after selling 675 shares during the quarter. PFG Investments LLC’s holdings in Chewy were worth $416,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC raised its stake in Chewy by 166.8% in the third quarter. FMR LLC now owns 3,995,329 shares of the company’s stock worth $117,023,000 after buying an additional 2,497,689 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its position in shares of Chewy by 5.3% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,765,931 shares of the company’s stock worth $81,014,000 after acquiring an additional 138,768 shares in the last quarter. Eagle Asset Management Inc. boosted its position in shares of Chewy by 97.9% during the third quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock valued at $60,485,000 after purchasing an additional 975,647 shares in the last quarter. Geode Capital Management LLC grew its stake in Chewy by 8.4% in the third 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 period. Finally, Clearbridge Investments LLC bought a new position in Chewy in the second quarter worth $40,798,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CHWY has been the topic of a number of research reports. Evercore ISI upgraded shares of Chewy from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $34.00 to $47.00 in a report on Monday, January 13th. JPMorgan Chase & Co. upped their price objective on shares of Chewy from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Wedbush reiterated an “outperform” rating and set a $39.00 target price (up from $35.00) on shares of Chewy in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upped their price target on Chewy from $24.00 to $28.00 and gave the stock a “hold” rating in a research note on Friday, November 22nd. Finally, Wolfe Research raised Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $36.80.

Insider Activity at Chewy

In related news, CTO Satish Mehta sold 8,056 shares of Chewy stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $33.47, for a total transaction of $269,634.32. Following the transaction, the chief technology officer now owns 585,962 shares in the company, valued at approximately $19,612,148.14. The trade was a 1.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sumit Singh sold 114,130 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $37.70, for a total value of $4,302,701.00. Following the completion of the sale, the chief executive officer now owns 529,809 shares of the company’s stock, valued at $19,973,799.30. The trade was a 17.72 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,103,513 shares of company stock worth $916,453,941. Corporate insiders own 2.10% of the company’s stock.

Chewy Stock Up 2.2 %

Chewy stock opened at $39.80 on Friday. The business has a 50-day simple moving average of $34.83 and a two-hundred day simple moving average of $30.35. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $40.09. The company has a market cap of $16.20 billion, a P/E ratio of 43.73, a P/E/G ratio of 4.16 and a beta of 1.10.

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