Steph & Co. Sells 738 Shares of Chewy, Inc. (NYSE:CHWY)

Steph & Co. lowered its position in shares of Chewy, Inc. (NYSE:CHWY) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,295 shares of the company’s stock after selling 738 shares during the quarter. Steph & Co.’s holdings in Chewy were worth $345,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Chewy by 183.6% in the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after buying an additional 905 shares during the period. Planning Capital Management Corp bought a new stake in shares of Chewy during the 3rd quarter valued at $52,000. Future Financial Wealth Managment LLC acquired a new position in shares of Chewy in the 3rd quarter valued at $62,000. Wilmington Savings Fund Society FSB bought a new position in shares of Chewy in the 3rd quarter worth $63,000. Finally, Castleview Partners LLC acquired a new stake in shares of Chewy during the third quarter worth $76,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CHWY shares. Mizuho raised Chewy from a “neutral” rating to an “outperform” rating and increased their target price for the company from $24.00 to $42.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on shares of Chewy from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Robert W. Baird boosted their price objective on shares of Chewy from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, November 25th. Citigroup upgraded shares of Chewy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $28.00 to $40.00 in a report on Friday, November 8th. Finally, JMP Securities reissued a “market outperform” rating and issued a $37.00 price target on shares of Chewy in a report on Monday, December 16th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.80.

Chewy Price Performance

Shares of CHWY stock opened at $37.38 on Thursday. The company has a fifty day moving average price of $33.56 and a two-hundred day moving average price of $29.40. Chewy, Inc. has a one year low of $14.69 and a one year high of $39.10. The stock has a market cap of $15.22 billion, a P/E ratio of 41.08, a P/E/G ratio of 4.06 and a beta of 1.10.

Chewy (NYSE:CHWY) last issued its earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.15. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same period in the prior year, the firm earned ($0.08) EPS. Chewy’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Insider Transactions at Chewy

In related news, CEO Sumit Singh sold 571,903 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $34.52, for a total value of $19,742,091.56. Following the completion of the transaction, the chief executive officer now owns 898,222 shares of the company’s stock, valued at $31,006,623.44. The trade was a 38.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $31.32, for a total transaction of $620,989,219.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,971,911 shares of company stock worth $911,495,287. Company insiders own 2.10% of the company’s stock.

Chewy Company 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.