Chewy $CHWY Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its holdings in Chewy (NYSE:CHWYFree Report) by 148.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 376,983 shares of the company’s stock after acquiring an additional 224,996 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.09% of Chewy worth $12,124,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Quent Capital LLC acquired a new position in shares of Chewy during the 3rd quarter valued at $27,000. Osterweis Capital Management Inc. purchased a new position in Chewy in the second quarter valued at about $30,000. Princeton Global Asset Management LLC acquired a new position in shares of Chewy during the third quarter worth about $40,000. Strategic Advocates LLC acquired a new position in shares of Chewy during the third quarter worth about $43,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Chewy by 412.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,091 shares of the company’s stock worth $46,000 after buying an additional 878 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Insider Buying and Selling

In other Chewy news, CTO Satish Mehta sold 13,013 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $28.99, for a total transaction of $377,246.87. Following the completion of the sale, the chief technology officer owned 273,835 shares in the company, valued at $7,938,476.65. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.43% of the stock is currently owned by corporate insiders.

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Chewy Stock Up 1.8%

Shares of NYSE CHWY opened at $27.05 on Friday. The stock’s 50 day moving average price is $27.08 and its two-hundred day moving average price is $32.30. Chewy has a 52-week low of $22.74 and a 52-week high of $48.62. The stock has a market capitalization of $11.23 billion, a P/E ratio of 52.03, a PEG ratio of 1.80 and a beta of 1.60.

Chewy (NYSE:CHWYGet Free Report) last issued its earnings results on Wednesday, March 25th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.19). Chewy had a return on equity of 53.48% and a net margin of 1.77%.The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the business posted $0.28 EPS. Chewy’s revenue was up .5% compared to the same quarter last year. On average, analysts anticipate that Chewy will post 0.24 EPS for the current year.

Analyst Upgrades and Downgrades

CHWY has been the topic of several recent research reports. Wall Street Zen raised Chewy from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Raymond James Financial upgraded shares of Chewy from a “market perform” rating to an “outperform” rating and set a $28.00 target price for the company in a research note on Thursday, February 19th. Guggenheim reaffirmed a “buy” rating and set a $45.00 price target on shares of Chewy in a research note on Thursday. Barclays cut their price objective on shares of Chewy from $52.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Chewy in a research note on Wednesday, January 21st. Seventeen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.90.

Read Our Latest Report on Chewy

Chewy Company Profile

(Free Report)

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.

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Institutional Ownership by Quarter for Chewy (NYSE:CHWY)

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