Janney Montgomery Scott LLC Has $1.26 Million Holdings in Chewy, Inc. (NYSE:CHWY)

Janney Montgomery Scott LLC trimmed its holdings in shares of Chewy, Inc. (NYSE:CHWY) by 1.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,755 shares of the company’s stock after selling 643 shares during the period. Janney Montgomery Scott LLC’s holdings in Chewy were worth $1,264,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Chewy by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company’s stock valued at $661,000 after buying an additional 301 shares in the last quarter. Blue Trust Inc. increased its position in Chewy by 183.6% in the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after acquiring an additional 905 shares in the last quarter. Washington Trust Advisors Inc. raised its stake in shares of Chewy by 0.3% in the third quarter. Washington Trust Advisors Inc. now owns 278,452 shares of the company’s stock worth $8,156,000 after acquiring an additional 923 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of Chewy by 5.0% during the third quarter. D.A. Davidson & CO. now owns 26,219 shares of the company’s stock worth $768,000 after purchasing an additional 1,244 shares in the last quarter. Finally, Tompkins Financial Corp increased its holdings in shares of Chewy by 12.4% in the fourth quarter. Tompkins Financial Corp now owns 11,733 shares of the company’s stock valued at $393,000 after purchasing an additional 1,294 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CHWY shares. BNP Paribas downgraded Chewy from an “outperform” rating to a “neutral” rating in a report on Thursday, December 5th. JMP Securities reiterated a “market outperform” rating and issued a $37.00 price target on shares of Chewy in a report on Monday, December 16th. Piper Sandler upped their price objective on Chewy from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Royal Bank of Canada upped their price objective on shares of Chewy from $39.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a report on Thursday, December 5th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, Chewy has a consensus rating of “Moderate Buy” and an average target price of $36.80.

Insider Buying and Selling

In other news, CEO Sumit Singh sold 9,285 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $40.00, for a total transaction of $371,400.00. Following the completion of the sale, the chief executive officer now owns 489,750 shares in the company, valued at approximately $19,590,000. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Satish Mehta sold 83,639 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $40.00, for a total transaction of $3,345,560.00. Following the completion of the transaction, the chief technology officer now owns 334,218 shares in the company, valued at approximately $13,368,720. This trade represents a 20.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,196,437 shares of company stock worth $920,170,901. Company insiders own 2.10% of the company’s stock.

Chewy Stock Up 1.2 %

Shares of Chewy stock opened at $38.60 on Wednesday. Chewy, Inc. has a 12-month low of $14.69 and a 12-month high of $40.09. The business’s 50 day moving average is $35.06 and its 200-day moving average is $30.63. The stock has a market cap of $15.72 billion, a P/E ratio of 42.42, a P/E/G ratio of 4.36 and a beta of 1.10.

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

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.