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

Fiera Capital Corp lessened its stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 2.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,594,150 shares of the company's stock after selling 34,801 shares during the quarter. Fiera Capital Corp owned about 0.38% of Chewy worth $46,693,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CHWY. Susquehanna Fundamental Investments LLC purchased a new stake in Chewy in the second quarter worth approximately $11,916,000. Russell Investments Group Ltd. increased its position in Chewy by 27.7% during the first quarter. Russell Investments Group Ltd. now owns 86,542 shares of the company's stock valued at $1,355,000 after acquiring an additional 18,768 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Chewy by 127.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,717,660 shares of the company's stock valued at $27,328,000 after acquiring an additional 963,540 shares during the period. Cetera Advisors LLC purchased a new stake in shares of Chewy during the 1st quarter valued at about $334,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Chewy in the 2nd quarter worth approximately $673,000. 93.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CHWY has been the topic of several recent research reports. Morgan Stanley increased their price target on shares of Chewy from $28.00 to $30.00 and gave the stock an "overweight" rating in a research report on Monday, August 26th. Piper Sandler reiterated an "overweight" rating and set a $35.00 target price on shares of Chewy in a research report on Friday, September 20th. JPMorgan Chase & Co. upped their price target on Chewy from $28.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, August 29th. Wedbush reaffirmed an "outperform" rating and set a $35.00 price objective on shares of Chewy in a research report on Thursday, August 29th. Finally, UBS Group increased their target price on shares of Chewy from $21.00 to $30.00 and gave the stock a "neutral" rating in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.15.

Chewy Stock Performance

NYSE CHWY traded down $0.14 during trading on Friday, hitting $30.65. The stock had a trading volume of 6,370,447 shares, compared to its average volume of 8,898,564. The stock has a 50 day simple moving average of $28.92 and a 200 day simple moving average of $24.75. Chewy, Inc. has a one year low of $14.69 and a one year high of $39.10. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 37.38, a P/E/G ratio of 2.88 and a beta of 1.06.

Chewy (NYSE:CHWY - Get Free Report) last issued its earnings results on Wednesday, August 28th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The business had revenue of $2.86 billion during the quarter, compared to analysts' expectations of $2.86 billion. Chewy had a return on equity of 21.00% and a net margin of 3.20%. On average, sell-side analysts predict that Chewy, Inc. will post 0.32 EPS for the current year.

Insider Activity

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $29.40, for a total value of $36,750,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.10% of the company's stock.

Chewy Profile

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.