Stifel Financial Corp Has $14.19 Million Stock Holdings in Chewy, Inc. (NYSE:CHWY)

Stifel Financial Corp raised its position in Chewy, Inc. (NYSE:CHWY - Free Report) by 12.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 423,815 shares of the company's stock after acquiring an additional 45,476 shares during the period. Stifel Financial Corp owned approximately 0.10% of Chewy worth $14,194,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CHWY. Vanguard Group Inc. increased its position in shares of Chewy by 31.8% in the fourth quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company's stock valued at $485,093,000 after buying an additional 3,493,926 shares in the last quarter. Invesco Ltd. lifted its position in Chewy by 4,577.5% during the fourth quarter. Invesco Ltd. now owns 2,191,146 shares of the company's stock worth $73,381,000 after buying an additional 2,144,302 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Chewy in the fourth quarter worth approximately $69,789,000. Wealthfront Advisers LLC purchased a new stake in shares of Chewy during the 4th quarter valued at $46,003,000. Finally, FMR LLC increased its position in Chewy by 32.4% during the 4th quarter. FMR LLC now owns 5,288,757 shares of the company's stock worth $177,120,000 after purchasing an additional 1,293,428 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chewy

In other news, CEO Sumit Singh sold 8,552 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $33.35, for a total transaction of $285,209.20. Following the completion of the sale, the chief executive officer now directly owns 62,096 shares of the company's stock, valued at $2,070,901.60. This trade represents a 12.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David Reeder sold 307,558 shares of the business'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. This represents a 36.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 537,831 shares of company stock valued at $20,246,710. Company insiders own 2.10% of the company's stock.

Chewy Price Performance

Shares of CHWY traded up $0.56 during midday trading on Thursday, reaching $35.94. The stock had a trading volume of 2,700,118 shares, compared to its average volume of 7,405,822. The firm's 50 day moving average price is $34.09 and its 200-day moving average price is $33.64. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $40.09. The company has a market capitalization of $14.87 billion, a P/E ratio of 39.61, a P/E/G ratio of 2.21 and a beta of 1.68.

Chewy (NYSE:CHWY - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.25. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.20 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company's quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 EPS. On average, equities analysts forecast that Chewy, Inc. will post 0.24 earnings per share for the current year.

Analyst Ratings Changes

CHWY has been the topic of several recent research reports. Royal Bank of Canada restated an "outperform" rating and set a $42.00 target price on shares of Chewy in a report on Thursday, March 27th. The Goldman Sachs Group increased their target price on Chewy from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft set a $27.00 target price on Chewy and gave the company a "hold" rating in a research note on Monday, April 14th. JMP Securities dropped their price target on Chewy from $40.00 to $39.00 and set a "market outperform" rating on the stock in a research report on Monday, April 14th. Finally, Wolfe Research upgraded Chewy from a "peer perform" rating to an "outperform" rating in a research report on Friday, January 3rd. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Chewy currently has an average rating of "Moderate Buy" and an average price target of $38.47.

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.