Fiera Capital Corp Trims Holdings in Chewy, Inc. (NYSE:CHWY)

Fiera Capital Corp cut its stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,567,421 shares of the company's stock after selling 26,729 shares during the quarter. Fiera Capital Corp owned 0.38% of Chewy worth $52,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CHWY. FMR LLC lifted its position in Chewy by 166.8% during the third quarter. FMR LLC now owns 3,995,329 shares of the company's stock valued at $117,023,000 after purchasing an additional 2,497,689 shares during the last quarter. Eagle Asset Management Inc. lifted its position in Chewy by 97.9% during the third quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company's stock valued at $60,485,000 after purchasing an additional 975,647 shares during the last quarter. AMI Asset Management Corp bought a new stake in Chewy during the third quarter valued at approximately $17,756,000. Quadrature Capital Ltd bought a new stake in shares of Chewy in the 3rd quarter worth approximately $13,699,000. Finally, Retirement Systems of Alabama bought a new stake in shares of Chewy in the 4th quarter worth approximately $14,812,000. 93.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CHWY. Needham & Company LLC restated a "hold" rating on shares of Chewy in a report on Thursday, December 5th. Barclays boosted their price objective on shares of Chewy from $34.00 to $40.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. The Goldman Sachs Group boosted their price objective on shares of Chewy from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Wedbush restated an "outperform" rating and issued a $39.00 price objective (up from $35.00) on shares of Chewy in a report on Thursday, December 5th. Finally, Bank of America upgraded shares of Chewy from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from $24.00 to $40.00 in a report on Wednesday, November 20th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, Chewy has a consensus rating of "Moderate Buy" and an average target price of $36.80.

Insider Transactions at Chewy

In related news, CFO David Reeder sold 307,558 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $37.48, for a total value of $11,527,273.84. Following the transaction, the chief financial officer now owns 546,257 shares in the company, valued at $20,473,712.36. The trade was a 36.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the company's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $31.32, for a total transaction of $620,989,219.44. The disclosure for this sale can be found here. Insiders have sold 28,561,427 shares of company stock valued at $933,874,848 in the last three months. 2.10% of the stock is currently owned by company insiders.

Chewy Price Performance

Chewy stock traded down $0.34 during mid-day trading on Friday, reaching $37.64. 3,049,857 shares of the company traded hands, compared to its average volume of 4,211,366. The firm's 50 day moving average price is $35.93 and its 200 day moving average price is $31.41. The firm has a market capitalization of $15.32 billion, a price-to-earnings ratio of 41.36, a P/E/G ratio of 2.32 and a beta of 1.10. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $40.09.

Chewy (NYSE:CHWY - Get Free Report) last released its earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.15. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.86 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The company's revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.08) EPS. On average, sell-side analysts anticipate that Chewy, Inc. will post 0.24 EPS for the current year.

About Chewy

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.