Chewy $CHWY Holdings Trimmed by Brighton Jones LLC

Brighton Jones LLC trimmed its stake in shares of Chewy (NYSE:CHWY – Free Report) by 33.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 276,934 shares of the company’s stock after selling 140,519 shares during the quarter. Brighton Jones LLC’s holdings in Chewy were worth $5,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CHWY. Handelsbanken Fonder AB lifted its position in Chewy by 0.6% in the second quarter. Handelsbanken Fonder AB now owns 82,700 shares of the company’s stock valued at $1,625,000 after purchasing an additional 500 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Chewy by 4.0% in the second quarter. IFP Advisors Inc now owns 13,307 shares of the company’s stock worth $261,000 after purchasing an additional 509 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Chewy by 8.3% in the first quarter. Geneos Wealth Management Inc. now owns 7,302 shares of the company’s stock worth $197,000 after purchasing an additional 560 shares during the last quarter. 180 Wealth Advisors LLC grew its holdings in shares of Chewy by 7.7% in the second quarter. 180 Wealth Advisors LLC now owns 10,764 shares of the company’s stock worth $212,000 after purchasing an additional 765 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Chewy by 106.8% in the first quarter. Parallel Advisors LLC now owns 1,584 shares of the company’s stock worth $43,000 after buying an additional 818 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.

Chewy Price Performance

CHWY opened at $22.58 on Monday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.42 and a current ratio of 0.84. Chewy has a 52-week low of $17.40 and a 52-week high of $37.34. The stock has a market capitalization of $9.07 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of 0.94 and a beta of 1.33. The stock’s 50 day moving average price is $20.82 and its 200-day moving average price is $23.09.

Chewy (NYSE:CHWY – Get Free Report) last announced its quarterly earnings results on Wednesday, September 9th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.18. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.32 billion. Chewy had a return on equity of 60.88% and a net margin of 2.09%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 earnings per share. On average, equities research analysts predict that Chewy will post 0.76 EPS for the current year.

Insider Buying and Selling at Chewy

In other news, CEO Sumit Singh sold 23,002 shares of Chewy stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $21.40, for a total transaction of $492,242.80. Following the sale, the chief executive officer owned 899,118 shares of the company’s stock, valued at approximately $19,241,125.20. The trade was a 2.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO William G. Billings sold 17,283 shares of Chewy stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $21.00, for a total transaction of $362,943.00. Following the sale, the chief accounting officer directly owned 39,772 shares in the company, valued at $835,212. The trade was a 30.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 48,328 shares of company stock valued at $1,035,010 over the last 90 days. Company insiders own 0.34% of the company’s stock.

Key Stories Impacting Chewy

Here are the key news stories impacting Chewy this week:

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CHWY shares. Piper Sandler reiterated an “overweight” rating on shares of Chewy in a report on Friday, August 21st. TD Cowen cut their price target on shares of Chewy from $34.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, September 10th. Royal Bank Of Canada decreased their price objective on shares of Chewy from $34.00 to $31.00 and set an “outperform” rating on the stock in a research report on Thursday, September 10th. JPMorgan Chase & Co. cut shares of Chewy from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $29.00 to $24.00 in a research report on Friday, September 11th. Finally, Robert W. Baird lowered their price objective on shares of Chewy from $30.00 to $28.00 and set an “outperform” rating for the company in a research note on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.45.

Check Out Our Latest Stock Analysis on CHWY

Chewy Company Profile

(Free Report)

Chewy, Inc is an online retailer focused on pet food, supplies and related services. Through its website and mobile app, the company sells products for dogs, cats and other pets, including food, treats, toys, bedding and grooming supplies.

Chewy also offers pet medications and health products through Chewy Pharmacy, along with services such as veterinary care. Its business combines product sales with services designed to support pet owners throughout their pets’ lives.

Founded in 2011, Chewy primarily serves customers in the United States.

See Also

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Institutional Ownership by Quarter for Chewy (NYSE:CHWY)

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