Chewy $CHWY Stock Position Decreased by Kestra Investment Management LLC

Kestra Investment Management LLC lowered its holdings in Chewy (NYSE:CHWY) by 55.0% in the third quarter, HoldingsChannel reports. The firm owned 66,661 shares of the company’s stock after selling 81,445 shares during the quarter. Kestra Investment Management LLC’s holdings in Chewy were worth $1,213,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new stake in Chewy during the 3rd quarter worth approximately $30,000. Parallel Advisors LLC boosted its position in Chewy by 106.8% in the 1st quarter. Parallel Advisors LLC now owns 1,584 shares of the company’s stock valued at $43,000 after buying an additional 818 shares during the period. SBI Securities Co. Ltd. boosted its position in Chewy by 118.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 5,628 shares of the company’s stock valued at $102,000 after buying an additional 3,047 shares during the period. GAMMA Investing LLC grew its stake in shares of Chewy by 157.1% in the third quarter. GAMMA Investing LLC now owns 5,721 shares of the company’s stock worth $104,000 after acquiring an additional 3,496 shares in the last quarter. Finally, Globeflex Capital L P acquired a new position in shares of Chewy in the second quarter worth $109,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CHWY. Weiss Ratings raised Chewy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, September 28th. Raymond James Financial lifted their target price on Chewy from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, September 4th. JPMorgan Chase & Co. cut Chewy from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $29.00 to $24.00 in a research note on Friday, September 11th. TD Cowen lowered their target price on Chewy from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, September 10th. Finally, Zacks Research upgraded Chewy from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.45.

Insider Buying and Selling at Chewy

In other news, CAO William G. Billings sold 4,815 shares of Chewy stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $23.00, for a total transaction of $110,745.00. Following the completion of the sale, the chief accounting officer directly owned 36,595 shares of the company’s stock, valued at approximately $841,685. The trade was a 11.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sumit Singh sold 3,228 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $21.40, for a total transaction of $69,079.20. Following the transaction, the chief executive officer owned 127,481 shares of the company’s stock, valued at approximately $2,728,093.40. The trade was a 2.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 48,328 shares of company stock valued at $1,035,010. Corporate insiders own 0.34% of the company’s stock.

Chewy Stock Down 1.2%

Shares of Chewy stock opened at $22.78 on Wednesday. Chewy has a 52-week low of $17.40 and a 52-week high of $37.34. The company has a 50 day moving average of $20.79 and a 200 day moving average of $23.00. The company has a quick ratio of 0.42, a current ratio of 0.84 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $9.16 billion, a P/E ratio of 34.52, a P/E/G ratio of 0.96 and a beta of 1.33.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, September 9th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.18 by $0.18. Chewy had a net margin of 2.09% and a return on equity of 60.88%. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the previous year, the business posted $0.33 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. As a group, research analysts forecast that Chewy will post 0.76 EPS for the current fiscal year.

Chewy Company Profile

Chewy, Inc. is an online retailer focused on pet food, supplies and related services. Through its website and mobile app, the company sells products for dogs, cats and other pets, including food, treats, toys, bedding and grooming supplies. Chewy also offers pet medications and health products through Chewy Pharmacy, along with services such as veterinary care. Its business combines product sales with services designed to support pet owners throughout their pets’ lives. Founded in 2011, Chewy primarily serves customers in the United States.