Chewy, Inc. (NYSE:CHWY) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its position in shares of Chewy, Inc. (NYSE:CHWY) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,669 shares of the company’s stock after buying an additional 771 shares during the period. LPL Financial LLC’s holdings in Chewy were worth $4,041,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CHWY. Fifth Third Bancorp increased its position in Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock valued at $33,000 after acquiring an additional 444 shares during the period. Blue Trust Inc. increased its holdings in shares of Chewy by 22.9% in the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock valued at $58,000 after purchasing an additional 320 shares during the period. Allworth Financial LP raised its stake in shares of Chewy by 52.0% during the fourth 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 last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Chewy during the third quarter worth $63,000. Finally, Union Bancaire Privee UBP SA acquired a new position in Chewy in the 4th quarter valued at $86,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CHWY has been the subject of several recent analyst reports. Barclays raised their target price on shares of Chewy from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, March 27th. Evercore ISI upgraded shares of Chewy from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $34.00 to $47.00 in a research report on Monday, January 13th. Wolfe Research upgraded Chewy from a “peer perform” rating to an “outperform” rating in a research report on Friday, January 3rd. Wedbush restated an “outperform” rating and issued a $39.00 price target on shares of Chewy in a research note on Thursday, March 27th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $37.00 price objective on shares of Chewy in a research report on Monday, December 16th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned 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 $38.47.

Insiders Place Their Bets

In other news, CFO David Reeder sold 307,558 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $37.48, for a total transaction of $11,527,273.84. Following the completion of the transaction, the chief financial officer now owns 546,257 shares of the company’s stock, valued at $20,473,712.36. This represents a 36.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Satish Mehta sold 168,105 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $36.32, for a total transaction of $6,105,573.60. Following the completion of the sale, the chief technology officer now directly owns 417,857 shares in the company, valued at $15,176,566.24. This represents a 28.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 837,538 shares of company stock valued at $31,310,938 in the last quarter. 2.10% of the stock is currently owned by company insiders.

Chewy Stock Down 2.1 %

CHWY opened at $32.58 on Friday. The firm has a market cap of $13.48 billion, a P/E ratio of 35.80, a PEG ratio of 2.21 and a beta of 1.68. The business’s fifty day simple moving average is $34.62 and its 200 day simple moving average is $33.32. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $40.09.

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

Chewy Profile

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.