Blair William & Co. IL Sells 18,480 Shares of Chewy, Inc. (NYSE:CHWY)

Blair William & Co. IL lessened its stake in Chewy, Inc. (NYSE:CHWY) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 797,693 shares of the company’s stock after selling 18,480 shares during the period. Blair William & Co. IL’s holdings in Chewy were worth $26,715,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Fifth Third Bancorp lifted its stake in shares of Chewy by 83.0% in the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after acquiring an additional 444 shares during the period. Blue Trust Inc. raised its holdings in Chewy by 22.9% during the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock worth $58,000 after purchasing an additional 320 shares during the last quarter. Allworth Financial LP lifted its position in shares of Chewy by 52.0% in the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock worth $71,000 after purchasing an additional 650 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Chewy in the 3rd quarter valued at $63,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Chewy during the fourth quarter worth $86,000. Institutional investors own 93.09% of the company’s stock.

Insider Transactions at Chewy

In other Chewy news, CEO Sumit Singh sold 63,187 shares of Chewy stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $37.62, for a total transaction of $2,377,094.94. Following the completion of the sale, the chief executive officer now directly owns 643,939 shares in the company, valued at $24,224,985.18. The trade was a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $35.77, for a total transaction of $250,390,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,083,269 shares of company stock valued at $290,611,129. 2.10% of the stock is currently owned by corporate insiders.

Chewy Stock Performance

Shares of Chewy stock opened at $32.68 on Friday. The stock’s 50-day simple moving average is $36.00 and its 200 day simple moving average is $33.13. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $40.09. The stock has a market capitalization of $13.31 billion, a P/E ratio of 35.91, a P/E/G ratio of 2.21 and a beta of 1.23.

Chewy (NYSE:CHWY) last issued its earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.25. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the firm posted $0.07 EPS. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. Equities research analysts forecast that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Evercore ISI raised shares of Chewy from an “in-line” rating to an “outperform” rating and upped their price target for the company from $34.00 to $47.00 in a research report on Monday, January 13th. The Goldman Sachs Group increased their price target on Chewy from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday. Royal Bank of Canada restated an “outperform” rating and issued a $42.00 target price on shares of Chewy in a research note on Thursday. Needham & Company LLC reissued a “hold” rating on shares of Chewy in a research report on Thursday. Finally, Argus raised shares of Chewy from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, Chewy currently has an average rating of “Moderate Buy” and a consensus target price of $38.68.

About Chewy

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.