Fiera Capital Corp Purchases 499,941 Shares of Chewy $CHWY

Fiera Capital Corp lifted its position in shares of Chewy (NYSE:CHWY) by 32.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,020,384 shares of the company’s stock after purchasing an additional 499,941 shares during the quarter. Fiera Capital Corp’s holdings in Chewy were worth $66,774,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. CoreCap Advisors LLC boosted its position in shares of Chewy by 306.3% during the fourth quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after purchasing an additional 637 shares in the last quarter. Harbour Investments Inc. boosted its holdings in Chewy by 81.4% in the fourth quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock worth $30,000 after acquiring an additional 407 shares in the last quarter. Osterweis Capital Management Inc. bought a new stake in Chewy in the second quarter worth $30,000. Los Angeles Capital Management LLC bought a new stake in Chewy in the fourth quarter worth $31,000. Finally, Modus Advisors LLC bought a new stake in Chewy in the fourth quarter worth $34,000. 93.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. The Goldman Sachs Group dropped their target price on Chewy from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. BNP Paribas Exane reissued a “neutral” rating and issued a $28.00 target price (down from $38.00) on shares of Chewy in a report on Thursday, March 26th. Argus raised Chewy to a “strong-buy” rating in a report on Tuesday, April 7th. Wedbush dropped their target price on Chewy from $42.00 to $36.00 and set an “outperform” rating on the stock in a report on Thursday, March 26th. Finally, Morgan Stanley dropped their target price on Chewy from $49.00 to $43.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.24.

Chewy Price Performance

CHWY stock opened at $20.59 on Monday. Chewy has a 1-year low of $19.30 and a 1-year high of $48.62. The business has a fifty day moving average price of $24.17 and a 200-day moving average price of $27.91. The stock has a market capitalization of $8.58 billion, a P/E ratio of 39.59, a P/E/G ratio of 0.92 and a beta of 1.44.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, March 25th. The company reported $0.09 earnings per share 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 business had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the prior year, the firm earned $0.28 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, analysts anticipate that Chewy will post 0.87 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Sumit Singh sold 4,220 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $25.60, for a total transaction of $108,032.00. Following the completion of the sale, the chief executive officer owned 123,955 shares in the company, valued at approximately $3,173,248. This represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Da-Wai Hu sold 8,149 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total value of $219,289.59. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 95,675 shares of company stock valued at $2,459,955. 0.34% of the stock is owned by company insiders.

About Chewy

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.