Mackenzie Financial Corp Has $263,000 Stock Holdings in Chewy, Inc. (NYSE:CHWY)

Mackenzie Financial Corp trimmed its stake in Chewy, Inc. (NYSE:CHWY) by 56.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,112 shares of the company’s stock after selling 14,132 shares during the quarter. Mackenzie Financial Corp’s holdings in Chewy were worth $263,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CHWY. Headinvest LLC bought a new position in shares of Chewy in the third quarter valued at $39,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Chewy by 15.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,022 shares of the company’s stock valued at $95,000 after buying an additional 543 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Chewy during the third quarter valued at about $114,000. Daiwa Securities Group Inc. lifted its position in shares of Chewy by 26.4% during the third quarter. Daiwa Securities Group Inc. now owns 6,606 shares of the company’s stock valued at $121,000 after purchasing an additional 1,380 shares in the last quarter. Finally, Liberty One Investment Management LLC lifted its position in shares of Chewy by 23.7% during the fourth quarter. Liberty One Investment Management LLC now owns 6,483 shares of the company’s stock valued at $153,000 after purchasing an additional 1,241 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group dropped their price target on shares of Chewy from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Mizuho assumed coverage on shares of Chewy in a research report on Tuesday, March 19th. They set a “neutral” rating and a $18.00 price target on the stock. Barclays raised shares of Chewy from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $19.00 to $30.00 in a research report on Thursday, January 11th. Bank of America lowered their price objective on shares of Chewy from $17.00 to $16.50 and set an “underperform” rating on the stock in a research report on Thursday, March 21st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Chewy in a research report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $27.50.

Chewy Stock Up 3.0 %

CHWY opened at $15.84 on Monday. The firm has a 50-day moving average price of $16.70 and a 200-day moving average price of $18.58. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 198.02, a PEG ratio of 8.25 and a beta of 0.90. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $40.78.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.09. The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Chewy had a net margin of 0.33% and a return on equity of 11.69%. On average, sell-side analysts expect that Chewy, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Activity at Chewy

In other Chewy news, CAO Stacy Bowman sold 8,025 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total value of $124,628.25. Following the completion of the transaction, the chief accounting officer now owns 243,769 shares of the company’s stock, valued at approximately $3,785,732.57. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Sumit Singh sold 6,728 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total value of $104,485.84. Following the completion of the sale, the chief executive officer now directly owns 129,991 shares in the company, valued at approximately $2,018,760.23. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Stacy Bowman sold 8,025 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total transaction of $124,628.25. Following the completion of the sale, the chief accounting officer now owns 243,769 shares of the company’s stock, valued at $3,785,732.57. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 250,169 shares of company stock valued at $4,396,079. Corporate insiders own 2.10% of the company’s stock.

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.