Chewy, Inc. (NYSE:CHWY) Shares Sold by Fiera Capital Corp

Fiera Capital Corp lowered its holdings in Chewy, Inc. (NYSE:CHWY) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,567,421 shares of the company’s stock after selling 26,729 shares during the period. Fiera Capital Corp owned about 0.38% of Chewy worth $52,493,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Eagle Asset Management Inc. boosted 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 buying an additional 975,647 shares in the last quarter. Centiva Capital LP bought a new stake in shares of Chewy during the 3rd quarter worth $2,949,000. Geode Capital Management LLC boosted its stake in shares of Chewy by 8.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,550,844 shares of the company’s stock worth $45,443,000 after acquiring an additional 119,633 shares in the last quarter. Simplify Asset Management Inc. acquired a new position in shares of Chewy in the 3rd quarter worth $5,379,000. Finally, Money Concepts Capital Corp acquired a new stake in shares of Chewy during the fourth quarter worth $225,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insider Activity

In other news, CFO David Reeder sold 307,558 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $37.48, for a total value of $11,527,273.84. Following the sale, the chief financial officer now directly owns 546,257 shares of the company’s stock, valued at approximately $20,473,712.36. This trade represents a 36.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sumit Singh sold 57,432 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $37.90, for a total value of $2,176,672.80. Following the transaction, the chief executive officer now directly owns 877,704 shares of the company’s stock, valued at $33,264,981.60. This represents a 6.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,561,427 shares of company stock valued at $933,874,848 over the last 90 days. 2.10% of the stock is currently owned by company insiders.

Chewy Price Performance

Chewy stock opened at $37.56 on Thursday. Chewy, Inc. has a one year low of $14.69 and a one year high of $40.09. The company’s fifty day moving average price is $35.59 and its two-hundred day moving average price is $31.18. The company has a market capitalization of $15.29 billion, a price-to-earnings ratio of 41.27, a PEG ratio of 2.32 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. The business had revenue of $2.89 billion for 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 firm’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business earned ($0.08) EPS. As a group, sell-side analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Morgan Stanley lifted their price target on Chewy from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Wolfe Research upgraded shares of Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. JMP Securities restated a “market outperform” rating and issued a $37.00 price target on shares of Chewy in a research report on Monday, December 16th. Argus upgraded shares of Chewy from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Chewy in a research note 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.80.

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.