Kestra Private Wealth Services LLC Sells 3,388 Shares of Chewy, Inc. (NYSE:CHWY)

Kestra Private Wealth Services LLC lowered its position in Chewy, Inc. (NYSE:CHWY) by 23.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,085 shares of the company’s stock after selling 3,388 shares during the period. Kestra Private Wealth Services LLC’s holdings in Chewy were worth $262,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CHWY. Headinvest LLC bought a new stake in Chewy during the third quarter valued at about $39,000. Signaturefd LLC grew its holdings in Chewy by 37.8% during the fourth quarter. Signaturefd LLC now owns 3,358 shares of the company’s stock valued at $79,000 after purchasing an additional 922 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Chewy by 15.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,022 shares of the company’s stock valued at $95,000 after purchasing an additional 543 shares during the period. Daiwa Securities Group Inc. grew its holdings in Chewy by 26.4% during the third quarter. Daiwa Securities Group Inc. now owns 6,606 shares of the company’s stock valued at $121,000 after purchasing an additional 1,380 shares during the period. Finally, Liberty One Investment Management LLC grew its holdings in Chewy by 23.7% during the fourth quarter. Liberty One Investment Management LLC now owns 6,483 shares of the company’s stock valued at $153,000 after purchasing an additional 1,241 shares during the period. Institutional investors own 93.09% of the company’s stock.

Chewy Price Performance

Shares of CHWY stock opened at $15.44 on Thursday. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $40.78. The stock’s 50 day simple moving average is $16.57 and its two-hundred day simple moving average is $18.50. The company has a market cap of $6.72 billion, a PE ratio of 193.02, a price-to-earnings-growth ratio of 8.28 and a beta of 0.91.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, March 20th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.09. The firm had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Chewy had a return on equity of 11.69% and a net margin of 0.33%. Equities research analysts expect that Chewy, Inc. will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CHWY shares. Bank of America lowered their price objective on Chewy from $17.00 to $16.50 and set an “underperform” rating on the stock in a research report on Thursday, March 21st. Royal Bank of Canada lowered their price objective on Chewy from $35.00 to $22.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Citigroup lowered their price objective on Chewy from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. lowered their price objective on Chewy from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, March 21st. Finally, Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of Chewy in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.83.

Insider Activity

In related news, CAO Stacy Bowman sold 8,025 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total value of $124,628.25. Following the transaction, the chief accounting officer now owns 243,769 shares of the company’s stock, valued at $3,785,732.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CAO Stacy Bowman sold 8,025 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total value of $124,628.25. Following the transaction, the chief accounting officer now owns 243,769 shares of the company’s stock, valued at $3,785,732.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Satish Mehta sold 8,019 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $15.12, for a total value of $121,247.28. Following the completion of the transaction, the chief technology officer now directly owns 569,594 shares in the company, valued at approximately $8,612,261.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,993 shares of company stock valued at $1,067,363. 2.10% of the stock is currently owned by insiders.

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.