J.W. Cole Advisors Inc. Takes $664,000 Position in Chewy, Inc. (NYSE:CHWY)

J.W. Cole Advisors Inc. acquired a new stake in Chewy, Inc. (NYSE:CHWY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 19,812 shares of the company’s stock, valued at approximately $664,000.

Several other hedge funds also recently modified their holdings of CHWY. Fifth Third Bancorp grew its holdings in Chewy by 83.0% during the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after purchasing an additional 444 shares during the period. Blue Trust Inc. grew its holdings in Chewy by 183.6% during the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock worth $38,000 after purchasing an additional 905 shares during the period. Planning Capital Management Corp bought a new position in Chewy during the third quarter worth about $52,000. Allworth Financial LP grew its holdings in Chewy by 52.0% during the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock worth $71,000 after purchasing an additional 650 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Chewy during the third quarter worth about $63,000. Institutional investors own 93.09% of the company’s stock.

Chewy Price Performance

Shares of NYSE:CHWY opened at $37.51 on Thursday. The company’s 50 day simple moving average is $36.29 and its 200 day simple moving average is $31.71. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 41.22, a price-to-earnings-growth ratio of 2.26 and a beta of 1.10. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $40.09.

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

Insiders Place Their Bets

In other Chewy news, CFO David Reeder sold 307,558 shares of the business’s stock in a transaction on Friday, February 7th. The shares were 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 owns 546,257 shares of the company’s stock, valued at approximately $20,473,712.36. The trade was a 36.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $31.32, for a total transaction of $620,989,219.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,561,427 shares of company stock valued at $933,874,848. 2.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on CHWY. Wedbush restated an “outperform” rating and set a $39.00 price objective (up from $35.00) on shares of Chewy in a research report on Thursday, December 5th. Royal Bank of Canada raised their price objective on shares of Chewy from $39.00 to $42.00 and gave the stock an “outperform” rating in a research 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 research report on Monday, November 18th. JPMorgan Chase & Co. raised their price objective on shares of Chewy from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group raised their price objective on shares of Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, Chewy has an average rating of “Moderate Buy” and a consensus price target of $36.80.

Chewy 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.