J.W. Cole Advisors Inc. Makes New Investment in Chewy, Inc. (NYSE:CHWY)

J.W. Cole Advisors Inc. purchased a new stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,812 shares of the company's stock, valued at approximately $664,000.

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

Insider Activity

In other news, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sumit Singh sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $37.52, for a total transaction of $150,080.00. Following the transaction, the chief executive officer now directly owns 518,581 shares of the company's stock, valued at $19,457,159.12. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,561,427 shares of company stock worth $933,874,848 in the last 90 days. Corporate insiders own 2.10% of the company's stock.

Chewy Stock Down 5.3 %

Chewy stock traded down $1.96 during midday trading on Friday, hitting $34.97. 2,741,811 shares of the stock were exchanged, compared to its average volume of 4,631,042. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $40.09. The stock has a market capitalization of $14.24 billion, a PE ratio of 38.34, a P/E/G ratio of 2.25 and a beta of 1.10. The company has a fifty day simple moving average of $36.40 and a two-hundred day simple moving average of $31.75.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.15. The business had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.86 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The firm's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.08) EPS. As a group, equities research analysts anticipate that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Evercore ISI raised shares of Chewy from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $34.00 to $47.00 in a report on Monday, January 13th. Royal Bank of Canada increased their price target on Chewy from $39.00 to $42.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Citigroup upgraded Chewy from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $28.00 to $40.00 in a research report on Friday, November 8th. Mizuho upgraded Chewy from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $24.00 to $42.00 in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Chewy from $24.00 to $28.00 and gave the company a "hold" rating in a report on Friday, November 22nd. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $36.80.

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.