Raymond James Financial Services Advisors Inc. Raises Position in Chewy, Inc. (NYSE:CHWY)

Raymond James Financial Services Advisors Inc. boosted its stake in Chewy, Inc. (NYSE:CHWY – Get Rating) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,276 shares of the company’s stock after buying an additional 5,935 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Chewy were worth $4,497,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Westpac Banking Corp lifted its holdings in shares of Chewy by 480.3% during the third quarter. Westpac Banking Corp now owns 11,751 shares of the company’s stock valued at $361,000 after purchasing an additional 9,726 shares during the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of Chewy by 3.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 36,327 shares of the company’s stock valued at $1,347,000 after purchasing an additional 1,050 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Chewy by 131.8% during the fourth quarter. Toronto Dominion Bank now owns 62,883 shares of the company’s stock valued at $2,330,000 after purchasing an additional 35,754 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Chewy by 196.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 48,428 shares of the company’s stock valued at $1,796,000 after purchasing an additional 32,100 shares during the last quarter. Finally, MML Investors Services LLC lifted its holdings in shares of Chewy by 9.8% during the third quarter. MML Investors Services LLC now owns 20,283 shares of the company’s stock valued at $623,000 after purchasing an additional 1,814 shares during the last quarter. 99.05% of the stock is currently owned by hedge funds and other institutional investors.

Chewy Price Performance

Shares of Chewy stock opened at $31.64 on Friday. The company’s fifty day simple moving average is $34.65 and its 200-day simple moving average is $39.14. The stock has a market capitalization of $13.51 billion, a PE ratio of 287.66, a P/E/G ratio of 113.37 and a beta of 0.76. Chewy, Inc. has a 1-year low of $22.22 and a 1-year high of $52.88.

Chewy (NYSE:CHWY – Get Rating) last issued its quarterly earnings results on Wednesday, March 22nd. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.28. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Chewy had a net margin of 0.49% and a return on equity of 45.19%. As a group, research analysts anticipate that Chewy, Inc. will post 0.02 EPS for the current year.

Insider Activity at Chewy

In related news, CFO Mario Jesus Marte sold 3,813 shares of Chewy stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $39.74, for a total transaction of $151,528.62. Following the transaction, the chief financial officer now owns 190,024 shares in the company, valued at approximately $7,551,553.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Mario Jesus Marte sold 3,813 shares of Chewy stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $39.74, for a total transaction of $151,528.62. Following the transaction, the chief financial officer now owns 190,024 shares in the company, valued at approximately $7,551,553.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sumit Singh sold 21,317 shares of Chewy stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $39.74, for a total transaction of $847,137.58. Following the transaction, the chief executive officer now owns 759,876 shares in the company, valued at approximately $30,197,472.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,765 shares of company stock worth $1,182,861. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CHWY shares. Roth Capital reiterated a “buy” rating on shares of Chewy in a report on Thursday, March 9th. JMP Securities initiated coverage on shares of Chewy in a research report on Tuesday, April 11th. They set an “outperform” rating and a $50.00 price target for the company. Roth Mkm initiated coverage on shares of Chewy in a research report on Friday, March 10th. They set a “buy” rating and a $52.00 price target for the company. Guggenheim reduced their price target on shares of Chewy from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, April 20th. Finally, Argus initiated coverage on shares of Chewy in a research report on Wednesday, April 19th. They set a “hold” rating for the company. Eleven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.77.

About Chewy

(Get Rating)

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.