Fifth Third Wealth Advisors LLC Purchases Shares of 6,627 Chewy, Inc. (NYSE:CHWY)

Fifth Third Wealth Advisors LLC bought a new stake in Chewy, Inc. (NYSE:CHWY) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 6,627 shares of the company’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted 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. raised its holdings in shares of Chewy by 183.6% in the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock worth $38,000 after acquiring an additional 905 shares during the last quarter. Washington Trust Advisors Inc. lifted its position in Chewy by 0.3% in the 3rd quarter. Washington Trust Advisors Inc. now owns 278,452 shares of the company’s stock valued at $8,156,000 after acquiring an additional 923 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Chewy by 10.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company’s stock valued at $308,000 after purchasing an additional 1,029 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in Chewy by 5.0% during the 3rd 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. 93.09% of the stock is owned by institutional investors.

Chewy Trading Down 0.8 %

CHWY opened at $36.99 on Friday. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $39.10. The company has a market cap of $15.06 billion, a PE ratio of 40.64, a price-to-earnings-growth ratio of 4.06 and a beta of 1.10. The company has a 50 day moving average of $33.97 and a 200 day moving average of $29.59.

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

Analyst Ratings Changes

CHWY has been the topic of several analyst reports. Wolfe Research raised Chewy from a “peer perform” rating to an “outperform” rating in a research report on Friday, January 3rd. Bank of America raised shares of Chewy from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $24.00 to $40.00 in a report on Wednesday, November 20th. JMP Securities reiterated a “market outperform” rating and issued a $37.00 target price on shares of Chewy in a report on Monday, December 16th. The Goldman Sachs Group boosted their price target on shares of Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Royal Bank of Canada increased their price objective on shares of Chewy from $39.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.80.

Insiders Place Their Bets

In other Chewy news, CEO Sumit Singh sold 114,130 shares of Chewy stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $37.70, for a total transaction of $4,302,701.00. Following the completion of the sale, the chief executive officer now directly owns 529,809 shares in the company, valued at $19,973,799.30. The trade was a 17.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Satish Mehta sold 8,056 shares of the stock in a transaction on Monday, December 2nd. The stock was 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 $19,612,148.14. The trade was a 1.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,086,041 shares of company stock worth $915,797,988 in the last three months. 2.10% of the stock is currently owned by corporate 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.