SG Americas Securities LLC Sells 14,128 Shares of Chewy (NYSE:CHWY)

SG Americas Securities LLC decreased its position in Chewy (NYSE:CHWY - Free Report) by 48.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,999 shares of the company's stock after selling 14,128 shares during the quarter. SG Americas Securities LLC's holdings in Chewy were worth $488,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mutual of America Capital Management LLC bought a new position in Chewy in the 4th quarter worth $2,915,000. Raymond James Financial Inc. bought a new stake in Chewy during the 4th quarter valued at approximately $69,789,000. Polar Asset Management Partners Inc. grew its holdings in shares of Chewy by 26.5% during the 4th quarter. Polar Asset Management Partners Inc. now owns 288,733 shares of the company's stock worth $9,670,000 after acquiring an additional 60,533 shares during the period. Interval Partners LP bought a new position in shares of Chewy in the 4th quarter worth approximately $1,536,000. Finally, Vanguard Group Inc. raised its position in shares of Chewy by 31.8% in the 4th quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company's stock worth $485,093,000 after acquiring an additional 3,493,926 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

Insider Buying and Selling at Chewy

In other Chewy news, CFO David Reeder sold 11,582 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $36.44, for a total transaction of $422,048.08. Following the completion of the transaction, the chief financial officer now owns 397,556 shares in the company, valued at $14,486,940.64. This trade represents a 2.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $285,209.20. Following the completion of the sale, the chief executive officer now directly owns 62,096 shares in the company, valued at approximately $2,070,901.60. The trade was a 12.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,176,166 shares of company stock valued at $1,259,387,645 over the last 90 days. 0.43% of the stock is currently owned by corporate insiders.

Chewy Stock Performance

Shares of CHWY traded down $0.61 during mid-day trading on Friday, hitting $42.82. 25,605,762 shares of the company traded hands, compared to its average volume of 6,381,879. The stock has a market cap of $17.78 billion, a price-to-earnings ratio of 48.12, a P/E/G ratio of 8.90 and a beta of 1.75. The stock has a 50-day moving average price of $41.38 and a two-hundred day moving average price of $37.23. Chewy has a 1 year low of $19.75 and a 1 year high of $48.62.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CHWY. Seaport Res Ptn raised Chewy to a "hold" rating in a research note on Monday, March 24th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $43.00 target price (up from $41.00) on shares of Chewy in a research report on Thursday, June 5th. Royal Bank Of Canada reissued an "outperform" rating and set a $44.00 price target (up from $42.00) on shares of Chewy in a research report on Thursday, June 12th. Needham & Company LLC reissued a "hold" rating on shares of Chewy in a research note on Thursday, June 12th. Finally, Barclays raised their target price on shares of Chewy from $44.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Nine research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $43.39.

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.