Money Concepts Capital Corp Invests $225,000 in Chewy, Inc. (NYSE:CHWY)

Money Concepts Capital Corp bought a new stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,730 shares of the company's stock, valued at approximately $225,000.

A number of other institutional investors have also recently added to or reduced their stakes in CHWY. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Chewy by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company's stock worth $661,000 after acquiring an additional 301 shares during the last quarter. Blue Trust Inc. boosted its stake in Chewy by 22.9% during the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock worth $58,000 after purchasing an additional 320 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Chewy by 83.0% in the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company's stock valued at $33,000 after buying an additional 444 shares during the last quarter. Washington Trust Advisors Inc. lifted its stake in shares of Chewy by 0.3% in the third quarter. Washington Trust Advisors Inc. now owns 278,452 shares of the company's stock worth $8,156,000 after buying an additional 923 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its position in Chewy by 45.4% during the fourth quarter. CENTRAL TRUST Co now owns 3,913 shares of the company's stock worth $131,000 after acquiring an additional 1,222 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CHWY shares. Robert W. Baird raised their target price on Chewy from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Monday, November 25th. The Goldman Sachs Group raised their price objective on shares of Chewy from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Royal Bank of Canada boosted their target price on shares of Chewy from $39.00 to $42.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Citigroup upgraded shares of Chewy from a "neutral" rating to a "buy" rating and raised their price target for the stock from $28.00 to $40.00 in a report on Friday, November 8th. Finally, Bank of America upgraded Chewy from an "underperform" rating to a "buy" rating and upped their price objective for the company from $24.00 to $40.00 in a report on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Chewy presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.80.

Chewy Trading Up 1.7 %

CHWY traded up $0.64 on Monday, hitting $37.80. 1,885,650 shares of the company were exchanged, compared to its average volume of 4,967,538. The company has a market cap of $15.39 billion, a price-to-earnings ratio of 41.52, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. The firm has a 50-day moving average price of $35.43 and a two-hundred day moving average price of $31.01. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $40.09.

Chewy (NYSE:CHWY - Get Free Report) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.15. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.86 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The business's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.08) earnings per share. Equities analysts expect that Chewy, Inc. will post 0.24 EPS for the current year.

Insider Buying and Selling at Chewy

In other news, CTO Satish Mehta sold 83,639 shares of the company's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $40.00, for a total value of $3,345,560.00. Following the completion of the transaction, the chief technology officer now owns 334,218 shares in the company, valued at approximately $13,368,720. This represents a 20.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sumit Singh sold 4,000 shares of Chewy stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $37.52, for a total value of $150,080.00. Following the sale, the chief executive officer now owns 518,581 shares in the company, valued at $19,457,159.12. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,253,869 shares of company stock valued at $922,347,574. Insiders own 2.10% of the company's stock.

Chewy Company 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.