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

Fiera Capital Corp decreased its position in shares of Chewy, Inc. (NYSE:CHWY) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,594,150 shares of the company’s stock after selling 34,801 shares during the quarter. Fiera Capital Corp owned approximately 0.38% of Chewy worth $46,693,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BC Partners Advisors L.P. acquired a new stake in shares of Chewy during the second quarter worth about $7,517,800,000. Vanguard Group Inc. grew its position in Chewy by 9.1% in the 1st quarter. Vanguard Group Inc. now owns 10,480,230 shares of the company’s stock valued at $166,740,000 after buying an additional 875,532 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Chewy by 7.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,553,104 shares of the company’s stock valued at $96,787,000 after buying an additional 258,502 shares during the period. Marshall Wace LLP raised its position in Chewy by 1,028.6% during the 2nd quarter. Marshall Wace LLP now owns 2,892,841 shares of the company’s stock worth $78,801,000 after buying an additional 2,636,526 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Chewy by 8.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,521,755 shares of the company’s stock worth $68,693,000 after acquiring an additional 200,900 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insider Buying and Selling at Chewy

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 26,870,748 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $29.40, for a total transaction of $789,999,991.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on CHWY. Wolfe Research began coverage on shares of Chewy in a research report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Citigroup raised Chewy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $28.00 to $40.00 in a report on Friday. Piper Sandler reissued an “overweight” rating and issued a $35.00 target price on shares of Chewy in a report on Friday, September 20th. Wedbush reaffirmed an “outperform” rating and set a $35.00 price target on shares of Chewy in a research note on Thursday, August 29th. Finally, Royal Bank of Canada lifted their price objective on Chewy from $24.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.15.

Chewy Stock Performance

Chewy stock traded down $0.22 during trading on Friday, hitting $30.57. The company’s stock had a trading volume of 2,079,149 shares, compared to its average volume of 8,878,790. The stock’s fifty day moving average is $28.84 and its 200 day moving average is $24.60. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $39.10. The stock has a market capitalization of $12.78 billion, a price-to-earnings ratio of 37.54, a P/E/G ratio of 2.88 and a beta of 1.06.

Chewy (NYSE:CHWY) last announced its quarterly earnings data 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. Chewy had a net margin of 3.20% and a return on equity of 21.00%. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.86 billion. On average, research analysts anticipate that Chewy, Inc. will post 0.32 EPS for the current fiscal year.

About Chewy

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.