Janney Montgomery Scott LLC Has $1.76 Million Stock Holdings in Chewy (NYSE:CHWY)

Janney Montgomery Scott LLC increased its holdings in shares of Chewy (NYSE:CHWY - Free Report) by 43.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 54,154 shares of the company's stock after purchasing an additional 16,399 shares during the period. Janney Montgomery Scott LLC's holdings in Chewy were worth $1,761,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. North Star Investment Management Corp. lifted its position in shares of Chewy by 26.6% during the 1st quarter. North Star Investment Management Corp. now owns 1,678 shares of the company's stock worth $55,000 after purchasing an additional 353 shares during the last quarter. Legacy Trust raised its holdings in Chewy by 0.7% in the 1st quarter. Legacy Trust now owns 128,884 shares of the company's stock valued at $4,190,000 after acquiring an additional 861 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Chewy in the 1st quarter valued at approximately $61,390,000. GAMMA Investing LLC raised its holdings in Chewy by 327.7% in the 1st quarter. GAMMA Investing LLC now owns 2,964 shares of the company's stock valued at $96,000 after acquiring an additional 2,271 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Chewy by 38.9% in the 1st quarter. Farther Finance Advisors LLC now owns 2,809 shares of the company's stock valued at $94,000 after acquiring an additional 787 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company's stock.

Insider Buying and Selling at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $41.75, for a total value of $1,250,000,010.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Sumit Singh sold 8,552 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $33.35, for a total value of $285,209.20. Following the completion of the transaction, the chief executive officer now owns 62,096 shares in the company, valued at $2,070,901.60. This represents a 12.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,176,166 shares of company stock worth $1,259,387,645. Insiders own 0.43% of the company's stock.

Chewy Stock Performance

Shares of CHWY opened at $43.49 on Friday. The firm has a market capitalization of $18.06 billion, a price-to-earnings ratio of 48.86, a PEG ratio of 8.90 and a beta of 1.75. The business's fifty day moving average price is $41.38 and its two-hundred day moving average price is $37.23. Chewy has a 52 week low of $19.75 and a 52 week high of $48.62.

Chewy (NYSE:CHWY - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The firm 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 period last year, the company earned $0.31 EPS. As a group, research analysts forecast that Chewy will post 0.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on CHWY. Cowen reaffirmed a "buy" rating on shares of Chewy in a report on Friday, June 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of Chewy in a report on Thursday, June 12th. JMP Securities cut their price target on Chewy from $40.00 to $39.00 and set a "market outperform" rating for the company in a report on Monday, April 14th. Morgan Stanley reaffirmed an "overweight" rating and issued a $50.00 price target (up previously from $39.00) on shares of Chewy in a report on Thursday, June 12th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $44.00 price objective (up from $42.00) on shares of Chewy in a research note on Thursday, June 12th. Nine analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Chewy presently has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.