United Services Automobile Association Purchases Shares of 10,465 Chewy $CHWY

Key Points

• United Services Automobile Association purchased 10,465 shares of Chewy ($CHWY), valued at around $337,000, indicating growing institutional interest in the stock.
• Chewy reported a quarterly revenue of $3.10 billion, surpassing analyst expectations, though its EPS missed the consensus estimate, showcasing mixed performance.
• Analysts remain optimistic, with most ratings categorized as a "Moderate Buy" and a current average price target of $45.72 for Chewy shares.

United Services Automobile Association bought a new position in Chewy (NYSE:CHWY - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,465 shares of the company's stock, valued at approximately $337,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in Chewy by 150.2% in the first quarter. Parallel Advisors LLC now owns 788 shares of the company's stock valued at $26,000 after purchasing an additional 473 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in Chewy by 104.6% in the first quarter. Golden State Wealth Management LLC now owns 941 shares of the company's stock valued at $31,000 after purchasing an additional 481 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in Chewy in the first quarter valued at about $44,000. North Star Investment Management Corp. boosted its holdings in Chewy by 26.6% in the first quarter. North Star Investment Management Corp. now owns 1,678 shares of the company's stock valued at $55,000 after purchasing an additional 353 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in Chewy by 225.7% in the first quarter. UMB Bank n.a. now owns 1,866 shares of the company's stock valued at $61,000 after purchasing an additional 1,293 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company's stock.

Insiders Place Their Bets

In related news, CAO William G. Billings sold 20,142 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $35.57, for a total value of $716,450.94. Following the sale, the chief accounting officer directly owned 29,464 shares in the company, valued at $1,048,034.48. This trade represents a 40.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Satish Mehta sold 8,727 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $35.82, for a total value of $312,601.14. Following the completion of the sale, the chief technology officer owned 276,467 shares in the company, valued at approximately $9,903,047.94. This represents a 3.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,008,777 shares of company stock valued at $1,252,444,321 in the last quarter. 0.43% of the stock is owned by insiders.

Chewy Stock Performance

Shares of Chewy stock traded down $1.30 on Friday, reaching $34.72. 13,551,107 shares of the company were exchanged, compared to its average volume of 7,988,499. The company's 50-day moving average is $38.47 and its two-hundred day moving average is $38.31. The firm has a market cap of $14.42 billion, a price-to-earnings ratio of 96.28, a P/E/G ratio of 7.25 and a beta of 1.65. Chewy has a 1-year low of $26.28 and a 1-year high of $48.62.

Chewy (NYSE:CHWY - Get Free Report) last announced its quarterly earnings results on Wednesday, September 10th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.19). The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. Chewy had a return on equity of 50.45% and a net margin of 1.22%.The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 earnings per share. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. As a group, sell-side analysts forecast that Chewy will post 0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

CHWY has been the subject of a number of analyst reports. Morgan Stanley reduced their price target on Chewy from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Thursday. Needham & Company LLC reissued a "hold" rating on shares of Chewy in a report on Thursday. Jefferies Financial Group reissued a "hold" rating and issued a $43.00 price target (up previously from $41.00) on shares of Chewy in a report on Thursday, June 5th. Barclays reduced their target price on Chewy from $50.00 to $47.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Wedbush reaffirmed an "outperform" rating and set a $45.00 target price on shares of Chewy in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $45.72.

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.