Chewy (NYSE:CHWY) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC trimmed its stake in Chewy (NYSE:CHWY - Free Report) by 43.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,730 shares of the company's stock after selling 39,455 shares during the period. Bartlett & CO. Wealth Management LLC's holdings in Chewy were worth $1,649,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CHWY. Parallel Advisors LLC raised its holdings in shares of Chewy by 150.2% in the first quarter. Parallel Advisors LLC now owns 788 shares of the company's stock worth $26,000 after buying an additional 473 shares during the period. Banque Transatlantique SA bought a new stake in Chewy during the 4th quarter valued at $30,000. Golden State Wealth Management LLC boosted its position in Chewy by 104.6% during the 1st quarter. Golden State Wealth Management LLC now owns 941 shares of the company's stock valued at $31,000 after acquiring an additional 481 shares in the last quarter. North Star Investment Management Corp. boosted its position in Chewy by 26.6% during the 1st quarter. North Star Investment Management Corp. now owns 1,678 shares of the company's stock valued at $55,000 after acquiring an additional 353 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in Chewy by 225.7% during the 1st quarter. UMB Bank n.a. now owns 1,866 shares of the company's stock valued at $61,000 after acquiring an additional 1,293 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

Chewy Trading Down 1.4%

NYSE:CHWY traded down $0.61 during trading hours on Friday, hitting $42.82. The company's stock had a trading volume of 25,628,230 shares, compared to its average volume of 6,506,965. The stock has a market capitalization of $17.78 billion, a P/E ratio of 48.12, a price-to-earnings-growth ratio of 8.94 and a beta of 1.75. The stock has a fifty day moving average of $41.53 and a 200-day moving average of $37.34. Chewy has a 52-week low of $19.75 and a 52-week high of $48.62.

Chewy (NYSE:CHWY - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.08 billion. Chewy had a return on equity of 35.04% and a net margin of 3.21%. The business's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 earnings per share. On average, sell-side analysts forecast that Chewy will post 0.24 earnings per share for the current year.

Insider Transactions at Chewy

In related news, CEO Sumit Singh sold 8,552 shares of Chewy stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 62,096 shares in the company, valued at $2,070,901.60. The trade was a 12.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David Reeder sold 7,863 shares of Chewy stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $36.50, for a total value of $286,999.50. Following the transaction, the chief financial officer now owns 11,582 shares of the company's stock, valued at $422,743. This represents a 40.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,176,166 shares of company stock worth $1,259,387,645. Company insiders own 0.43% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CHWY shares. Wall Street Zen lowered Chewy from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Cowen restated a "buy" rating on shares of Chewy in a research note on Friday, June 6th. Needham & Company LLC reiterated a "hold" rating on shares of Chewy in a research note on Thursday, June 12th. Mizuho lowered Chewy from an "outperform" rating to a "neutral" rating and lifted their price objective for the company from $43.00 to $47.00 in a research note on Monday, June 9th. Finally, Citigroup reiterated a "buy" rating and set a $49.00 price objective (up previously from $42.00) on shares of Chewy in a research note on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $43.39.

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.