Janney Montgomery Scott LLC increased its stake in Chewy, Inc. (NYSE:CHWY – Get Rating) by 4.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,355 shares of the company’s stock after purchasing an additional 844 shares during the period. Janney Montgomery Scott LLC’s holdings in Chewy were worth $595,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Clearstead Advisors LLC increased its holdings in Chewy by 27.2% in the 2nd quarter. Clearstead Advisors LLC now owns 1,103 shares of the company’s stock valued at $38,000 after buying an additional 236 shares during the period. Prospera Financial Services Inc boosted its position in shares of Chewy by 43.6% during the 2nd quarter. Prospera Financial Services Inc now owns 1,212 shares of the company’s stock worth $42,000 after acquiring an additional 368 shares in the last quarter. Fifth Third Bancorp increased its stake in Chewy by 24.7% in the third quarter. Fifth Third Bancorp now owns 1,353 shares of the company’s stock valued at $42,000 after acquiring an additional 268 shares during the last quarter. Harbor Investment Advisory LLC bought a new position in Chewy in the second quarter valued at approximately $45,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new position in Chewy during the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 99.05% of the company’s stock.
Chewy Stock Performance
Shares of NYSE CHWY opened at $41.33 on Friday. The company’s 50 day moving average price is $41.02 and its 200-day moving average price is $39.40. Chewy, Inc. has a 52-week low of $22.22 and a 52-week high of $54.19. The company has a market capitalization of $17.50 billion, a P/E ratio of -826.43 and a beta of 0.71.
Analyst Ratings Changes
A number of brokerages have weighed in on CHWY. Oppenheimer assumed coverage on Chewy in a report on Thursday, October 6th. They issued an “outperform” rating and a $42.00 target price on the stock. Citigroup lowered their target price on Chewy from $44.00 to $43.00 in a research note on Monday, October 31st. Robert W. Baird raised their price target on shares of Chewy from $45.00 to $50.00 in a research note on Friday, December 9th. Moffett Nathanson assumed coverage on shares of Chewy in a research report on Tuesday, November 15th. They set a “market perform” rating and a $33.00 price objective for the company. Finally, Barclays raised their target price on shares of Chewy from $30.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, December 9th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.11.
Insider Activity at Chewy
In other news, CFO Mario Jesus Marte sold 28,171 shares of Chewy stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $43.96, for a total value of $1,238,397.16. Following the completion of the sale, the chief financial officer now owns 147,088 shares in the company, valued at approximately $6,465,988.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Sumit Singh sold 77,517 shares of the stock in a transaction on Wednesday, December 14th. The stock was sold at an average price of $42.79, for a total value of $3,316,952.43. Following the transaction, the chief executive officer now directly owns 800,615 shares in the company, valued at approximately $34,258,315.85. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Mario Jesus Marte sold 28,171 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $43.96, for a total transaction of $1,238,397.16. Following the sale, the chief financial officer now owns 147,088 shares of the company’s stock, valued at approximately $6,465,988.48. The disclosure for this sale can be found here. Insiders have sold a total of 248,182 shares of company stock worth $10,647,323 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.
Chewy, Inc operates as a pure-play pet e-tailer in the United States. It supplies pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles. The company was founded by Ryan Cohen and Michael Day in September 2011 and is headquartered in Dania Beach, FL.
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