Fiera Capital Corp Has $52.49 Million Position in Chewy, Inc. (NYSE:CHWY)

Fiera Capital Corp lessened its stake in Chewy, Inc. (NYSE:CHWY) by 1.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,567,421 shares of the company’s stock after selling 26,729 shares during the period. Fiera Capital Corp’s holdings in Chewy were worth $52,493,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Chewy by 1.5% in the 4th 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 period. Blue Trust Inc. lifted its position in Chewy by 22.9% in the fourth 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 period. Fifth Third Bancorp lifted its position in Chewy by 83.0% in the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after purchasing an additional 444 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in Chewy by 30.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,800 shares of the company’s stock worth $94,000 after buying an additional 650 shares in the last quarter. Finally, Washington Trust Advisors Inc. increased its holdings in Chewy by 0.3% in the 3rd quarter. Washington Trust Advisors Inc. now owns 278,452 shares of the company’s stock valued at $8,156,000 after buying an additional 923 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.

Chewy Stock Up 0.9 %

CHWY stock opened at $37.56 on Thursday. The business has a fifty day moving average of $35.59 and a 200-day moving average of $31.18. The company has a market cap of $15.29 billion, a P/E ratio of 41.27, a PEG ratio of 2.32 and a beta of 1.10. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $40.09.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.15. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same period in the prior year, the company posted ($0.08) EPS. The company’s revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO David Reeder sold 307,558 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 546,257 shares in the company, valued at $20,473,712.36. This trade represents a 36.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of Chewy stock in a transaction that occurred on 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 a total of 28,561,427 shares of company stock valued at $933,874,848 in the last 90 days. 2.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CHWY. Mizuho upgraded shares of Chewy from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $24.00 to $42.00 in a research report on Monday, January 6th. Wolfe Research raised Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. Barclays increased their target price on Chewy from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Bank of America raised Chewy from an “underperform” rating to a “buy” rating and boosted their price target for the company from $24.00 to $40.00 in a research note on Wednesday, November 20th. Finally, Evercore ISI upgraded Chewy from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $34.00 to $47.00 in a research note on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average 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.