Money Concepts Capital Corp Makes New $225,000 Investment in Chewy, Inc. (NYSE:CHWY)

Money Concepts Capital Corp bought a new position in Chewy, Inc. (NYSE:CHWY) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,730 shares of the company’s stock, valued at approximately $225,000.

Several other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in Chewy by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company’s stock worth $661,000 after purchasing an additional 301 shares during the period. Blue Trust Inc. raised its holdings in Chewy by 22.9% in the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock worth $58,000 after purchasing an additional 320 shares during the period. Fifth Third Bancorp raised its holdings in Chewy by 83.0% in the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after purchasing an additional 444 shares during the period. Washington Trust Advisors Inc. raised its holdings in Chewy by 0.3% in the third quarter. Washington Trust Advisors Inc. now owns 278,452 shares of the company’s stock worth $8,156,000 after purchasing an additional 923 shares during the period. Finally, CENTRAL TRUST Co raised its holdings in Chewy by 45.4% in the fourth quarter. CENTRAL TRUST Co now owns 3,913 shares of the company’s stock worth $131,000 after purchasing an additional 1,222 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Sumit Singh sold 4,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $37.52, for a total transaction of $150,080.00. Following the transaction, the chief executive officer now directly owns 518,581 shares of the company’s stock, valued at approximately $19,457,159.12. This trade represents a 0.77 % 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, CTO Satish Mehta sold 8,056 shares of Chewy stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $33.47, for a total transaction of $269,634.32. Following the completion of the sale, the chief technology officer now owns 585,962 shares of the company’s stock, valued at $19,612,148.14. This trade represents a 1.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,196,437 shares of company stock worth $920,170,901 over the last three months. Insiders own 2.10% of the company’s stock.

Chewy Price Performance

Shares of CHWY opened at $38.65 on Friday. The firm has a 50-day moving average of $35.25 and a 200-day moving average of $30.78. Chewy, Inc. has a one year low of $14.69 and a one year high of $40.09. The company has a market cap of $15.74 billion, a PE ratio of 42.47, a price-to-earnings-growth ratio of 4.36 and a beta of 1.10.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.15. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.86 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.08) EPS. Analysts expect that Chewy, Inc. will post 0.24 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on CHWY. Mizuho upgraded shares of Chewy from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $24.00 to $42.00 in a report on Monday, January 6th. Wolfe Research upgraded shares of Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. Robert W. Baird raised their price objective on shares of Chewy from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Barclays raised their price objective on shares of Chewy from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Morgan Stanley raised their price objective on shares of Chewy from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.80.

Chewy 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.