Janney Montgomery Scott LLC Has $217,000 Holdings in Chewy, Inc. (NYSE:CHWY)

Thu., August 10, 2023 | MarketBeat

Janney Montgomery Scott LLC lessened its position in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 66.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,796 shares of the company's stock after selling 11,396 shares during the period. Janney Montgomery Scott LLC's holdings in Chewy were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

Is It Time To Take Another Bite Of Chewy, Inc?

A number of other institutional investors and hedge funds also recently made changes to their positions in CHWY. Belpointe Asset Management LLC bought a new position in Chewy in the 4th quarter valued at approximately $33,000. CWM LLC increased its position in shares of Chewy by 39.3% during the fourth quarter. CWM LLC now owns 1,014 shares of the company's stock worth $38,000 after buying an additional 286 shares during the period. CoreCap Advisors LLC acquired a new stake in shares of Chewy during the fourth quarter worth $45,000. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Chewy during the fourth quarter worth $52,000. Finally, Parallel Advisors LLC grew its holdings in Chewy by 443.1% in the fourth quarter. Parallel Advisors LLC now owns 1,412 shares of the company's stock worth $52,000 after purchasing an additional 1,152 shares during the period. Institutional investors own 97.52% of the company's stock.

Insider Buying and Selling at Chewy

In other Chewy news, CTO Satish Mehta sold 25,445 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $39.72, for a total value of $1,010,675.40. Following the transaction, the chief technology officer now directly owns 521,470 shares in the company, valued at $20,712,788.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CTO Satish Mehta sold 25,445 shares of the firm's stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $39.72, for a total transaction of $1,010,675.40. Following the transaction, the chief technology officer now directly owns 521,470 shares in the company, valued at $20,712,788.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Stacy Bowman sold 15,166 shares of the firm's stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $33.52, for a total transaction of $508,364.32. Following the transaction, the chief accounting officer now owns 224,389 shares in the company, valued at $7,521,519.28. The disclosure for this sale can be found here. Insiders have sold 304,798 shares of company stock worth $12,007,357 over the last three months. Insiders own 2.10% of the company's stock.

Chewy Stock Performance

New Leadership At GameStop, New Improvements, New Reasons To Buy?

Shares of CHWY opened at $30.51 on Thursday. The stock has a market capitalization of $13.04 billion, a PE ratio of 254.25 and a beta of 0.85. Chewy, Inc. has a 1 year low of $29.10 and a 1 year high of $52.88. The company's 50-day simple moving average is $36.62 and its 200-day simple moving average is $37.33.

Chewy (NYSE:CHWY - Get Free Report) last released its earnings results on Wednesday, May 31st. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.12. Chewy had a net margin of 0.51% and a return on equity of 39.90%. The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.73 billion. On average, sell-side analysts predict that Chewy, Inc. will post -0.01 earnings per share for the current year.

Wall Street Analyst Weigh In

MarketBeat Week in Review – 5/29 - 6/2

Several analysts have commented on CHWY shares. Barclays lifted their price objective on shares of Chewy from $33.00 to $35.00 in a research report on Thursday, June 1st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Chewy from $35.00 to $37.00 in a research report on Thursday, June 1st. UBS Group raised their target price on shares of Chewy from $24.00 to $26.00 in a research note on Thursday, June 1st. Guggenheim lowered their price objective on shares of Chewy from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, April 20th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $45.00 price objective on shares of Chewy in a research report on Monday, April 17th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $43.05.

Read Our Latest Stock Analysis on CHWY

Chewy Company Profile

(Free Report)

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 Website www.chewy.com, as well as mobile applications.

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