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

SG Americas Securities LLC decreased its holdings in Chewy (NYSE:CHWY - Free Report) by 48.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,999 shares of the company's stock after selling 14,128 shares during the period. SG Americas Securities LLC's holdings in Chewy were worth $488,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC increased its position in Chewy by 150.2% during the 1st 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 acquired a new position in shares of Chewy in the fourth quarter valued at about $30,000. UMB Bank n.a. increased its position in Chewy by 225.7% during the first quarter. UMB Bank n.a. now owns 1,866 shares of the company's stock worth $61,000 after acquiring an additional 1,293 shares during the period. Allworth Financial LP raised its stake in Chewy by 52.0% in the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company's stock worth $71,000 after purchasing an additional 650 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in Chewy in the 4th quarter valued at about $67,000. Institutional investors own 93.09% of the company's stock.

Insider Activity

In related news, 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 directly owns 11,582 shares of the company's stock, valued at $422,743. The trade was a 40.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sumit Singh sold 148,063 shares of Chewy stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $40.67, for a total value of $6,021,722.21. Following the completion of the transaction, the chief executive officer now directly owns 705,252 shares in the company, valued at approximately $28,682,598.84. This represents a 17.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 236,046 shares of company stock valued at $9,387,635. 0.43% of the stock is currently owned by corporate insiders.

Chewy Stock Up 3.4%

Chewy stock opened at $43.32 on Tuesday. Chewy has a 12-month low of $19.75 and a 12-month high of $48.62. The business's 50-day moving average price is $40.89 and its two-hundred day moving average price is $37.06. The stock has a market cap of $17.99 billion, a PE ratio of 48.67, a P/E/G ratio of 8.59 and a beta of 1.75.

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

Wall Street Analysts Forecast Growth

CHWY has been the topic of several recent research reports. Cowen reaffirmed a "buy" rating on shares of Chewy in a report on Friday, June 6th. Royal Bank Of Canada restated an "outperform" rating and set a $44.00 price objective (up previously from $42.00) on shares of Chewy in a research note on Thursday, June 12th. Evercore ISI set a $52.00 price objective on Chewy and gave the company an "outperform" rating in a report on Thursday, June 12th. Jefferies Financial Group reissued a "hold" rating and set a $43.00 target price (up from $41.00) on shares of Chewy in a report on Thursday, June 5th. Finally, Citigroup restated a "buy" rating and issued a $49.00 price target (up previously from $42.00) on shares of Chewy in a research report on Thursday, June 12th. Nine research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.

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