Benjamin F. Edwards & Company Inc. lessened its position in shares of Chewy, Inc. (NYSE:CHWY – Get Rating) by 17.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,436 shares of the company’s stock after selling 300 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Chewy were worth $44,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Clearstead Advisors LLC grew its stake 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 in the last quarter. Prospera Financial Services Inc raised its stake 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 valued at $42,000 after purchasing an additional 368 shares during the period. Harbor Investment Advisory LLC purchased a new stake in Chewy during the 2nd quarter worth about $45,000. Fifth Third Bancorp boosted its stake in Chewy by 24.7% in the 3rd quarter. Fifth Third Bancorp now owns 1,353 shares of the company’s stock worth $42,000 after purchasing an additional 268 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new position in Chewy during the 3rd quarter valued at about $49,000. Institutional investors own 99.05% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Robert W. Baird increased their price target on shares of Chewy from $45.00 to $50.00 in a report on Friday, December 9th. Citigroup cut their price target on shares of Chewy from $44.00 to $43.00 in a report on Monday, October 31st. Moffett Nathanson initiated coverage on shares of Chewy in a report on Tuesday, November 15th. They issued a “market perform” rating and a $33.00 price target on the stock. Morgan Stanley dropped their price objective on Chewy from $39.00 to $32.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 25th. Finally, Evercore ISI raised their price target on Chewy to $55.00 in a report on Monday, December 12th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.16.
Chewy Trading Up 0.0 %
Chewy (NYSE:CHWY – Get Rating) last posted its quarterly earnings results on Thursday, December 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.09. Chewy had a negative return on equity of 23.10% and a negative net margin of 0.21%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.45 billion. As a group, research analysts predict that Chewy, Inc. will post -0.03 EPS for the current year.
Insider Buying and Selling
In other Chewy news, General Counsel Susan Helfrick sold 19,662 shares of the stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $40.48, for a total transaction of $795,917.76. Following the completion of the sale, the general counsel now owns 107,623 shares of the company’s stock, valued at approximately $4,356,579.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Mario Jesus Marte sold 28,171 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $43.96, for a total transaction of $1,238,397.16. Following the completion of the transaction, the chief financial officer now owns 147,088 shares in the company, valued at $6,465,988.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Susan Helfrick sold 19,662 shares of the firm’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $40.48, for a total value of $795,917.76. Following the completion of the sale, the general counsel now directly owns 107,623 shares of the company’s stock, valued at approximately $4,356,579.04. The disclosure for this sale can be found here. Insiders have sold a total of 208,893 shares of company stock valued at $8,926,072 over the last three months. 1.80% of the stock is owned by company insiders.
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.
- Get a free copy of the StockNews.com research report on Chewy (CHWY)
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