Allworth Financial LP Has $71,000 Stock Holdings in Chewy, Inc. (NYSE:CHWY)

Allworth Financial LP lifted its holdings in shares of Chewy, Inc. (NYSE:CHWY) by 52.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,900 shares of the company’s stock after acquiring an additional 650 shares during the period. Allworth Financial LP’s holdings in Chewy were worth $71,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Rhumbline Advisers lifted its stake in Chewy by 4,096.3% during the fourth quarter. Rhumbline Advisers now owns 255,096 shares of the company’s stock worth $8,543,000 after purchasing an additional 249,017 shares during the period. New Mexico Educational Retirement Board acquired a new position in shares of Chewy in the 4th quarter worth approximately $971,000. New York State Teachers Retirement System bought a new position in shares of Chewy during the 4th quarter worth approximately $1,570,000. Van ECK Associates Corp grew its position in Chewy by 1,391.3% in the fourth quarter. Van ECK Associates Corp now owns 142,558 shares of the company’s stock valued at $4,774,000 after acquiring an additional 132,999 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new position in Chewy during the fourth quarter worth $1,530,000. Institutional investors own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a report on Thursday, December 5th. Barclays raised their price objective on shares of Chewy from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Bank of America raised Chewy from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $24.00 to $40.00 in a report on Wednesday, November 20th. Citigroup raised Chewy from a “neutral” rating to a “buy” rating and raised their price target for the company from $28.00 to $40.00 in a report on Friday, November 8th. Finally, Wolfe Research raised Chewy from a “peer perform” rating to an “outperform” rating in a research note on Friday, January 3rd. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Chewy presently has an average rating of “Moderate Buy” and an average target price of $37.30.

Chewy Stock Down 2.0 %

Shares of Chewy stock opened at $34.42 on Tuesday. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $40.09. The business has a fifty day simple moving average of $36.47 and a 200 day simple moving average of $32.04. The stock has a market cap of $14.01 billion, a PE ratio of 37.82, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10.

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

Insiders Place Their Bets

In other Chewy news, CEO Sumit Singh sold 71,161 shares of Chewy stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $32.50, for a total value of $2,312,732.50. Following the transaction, the chief executive officer now owns 77,838 shares of the company’s stock, valued at approximately $2,529,735. The trade was a 47.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David Reeder sold 307,558 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $37.48, for a total transaction of $11,527,273.84. Following the sale, the chief financial officer now directly 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 28,561,427 shares of company stock worth $933,874,848. Company insiders own 2.10% of the company’s stock.

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.