Chewy, Inc. (NYSE:CHWY) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC trimmed its stake in shares of Chewy, Inc. (NYSE:CHWY) by 22.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,209 shares of the company’s stock after selling 5,495 shares during the quarter. Sanctuary Advisors LLC’s holdings in Chewy were worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CHWY. BC Partners Advisors L.P. purchased a new position in Chewy during the second quarter worth about $7,517,800,000. Marshall Wace LLP raised its stake in shares of Chewy by 1,028.6% during the 2nd quarter. Marshall Wace LLP now owns 2,892,841 shares of the company’s stock worth $78,801,000 after buying an additional 2,636,526 shares in the last quarter. FMR LLC lifted its holdings in shares of Chewy by 166.8% in the 3rd quarter. FMR LLC now owns 3,995,329 shares of the company’s stock valued at $117,023,000 after buying an additional 2,497,689 shares during the period. Fiera Capital Corp purchased a new stake in shares of Chewy in the second quarter valued at approximately $44,373,000. Finally, Clearbridge Investments LLC acquired a new position in Chewy during the second quarter worth $40,798,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CHWY. Robert W. Baird raised their target price on Chewy from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, November 25th. Needham & Company LLC reissued a “hold” rating on shares of Chewy in a report on Thursday, December 5th. Royal Bank of Canada increased their target price on shares of Chewy from $39.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Barclays boosted their price target on Chewy from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Chewy from $24.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, November 22nd. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.60.

Chewy Price Performance

CHWY opened at $35.01 on Thursday. The stock has a market capitalization of $14.26 billion, a price-to-earnings ratio of 38.47, a price-to-earnings-growth ratio of 4.28 and a beta of 1.12. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $39.10. The business has a 50-day moving average of $31.35 and a two-hundred day moving average of $28.37.

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

Insider Buying and Selling

In related news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $29.40, for a total value of $36,750,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Satish Mehta sold 8,056 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $33.47, for a total transaction of $269,634.32. Following the completion of the transaction, the chief technology officer now directly owns 585,962 shares in the company, valued at approximately $19,612,148.14. This represents a 1.36 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,156,459 shares of company stock valued at $660,321,586. 2.10% of the stock is currently owned by company insiders.

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.