Bradley Foster & Sargent Inc. CT Increases Holdings in Chewy, Inc. (NYSE:CHWY)

Bradley Foster & Sargent Inc. CT raised its stake in shares of Chewy, Inc. (NYSE:CHWY) by 31.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,158 shares of the company’s stock after buying an additional 4,325 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Chewy were worth $608,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in Chewy by 83.0% during the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock valued at $33,000 after buying an additional 444 shares during the last quarter. Blue Trust Inc. raised its stake in Chewy by 183.6% during the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after buying an additional 905 shares during the last quarter. Planning Capital Management Corp purchased a new stake in Chewy during the 3rd quarter valued at $52,000. Allworth Financial LP raised its stake in Chewy by 52.0% during the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock valued at $71,000 after buying an additional 650 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Chewy during the 3rd quarter valued at $63,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Chewy Stock Down 5.2 %

Shares of CHWY stock opened at $35.03 on Friday. The stock has a market cap of $14.26 billion, a P/E ratio of 38.49, a PEG ratio of 2.21 and a beta of 1.10. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $40.09. The company’s fifty day simple moving average is $36.45 and its two-hundred day simple moving average is $31.90.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.08) EPS. On average, analysts anticipate that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CHWY shares. Wolfe Research raised shares of Chewy from a “peer perform” rating to an “outperform” rating in a research report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Chewy from $24.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, November 22nd. The Goldman Sachs Group boosted their price objective on shares of Chewy from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Citigroup raised shares of Chewy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $28.00 to $40.00 in a research report on Friday, November 8th. Finally, Piper Sandler boosted their price objective on shares of Chewy from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.30.

Insiders Place Their Bets

In other news, CEO Sumit Singh sold 71,161 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $32.50, for a total transaction of $2,312,732.50. Following the sale, the chief executive officer now directly owns 77,838 shares in the company, valued at approximately $2,529,735. This represents a 47.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were 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. Insiders have sold a total of 28,561,427 shares of company stock worth $933,874,848 in the last 90 days. 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.