12,221 Shares in Chewy $CHWY Purchased by Central Pacific Bank Trust Division

Key Points

• Central Pacific Bank Trust Division acquired 12,221 shares of Chewy, valued at approximately $521,000, during the 2nd quarter, contributing to the institutional ownership of 93.09% of the company's stock.
• Chewy reported $0.14 earnings per share for the last quarter, missing the consensus estimate of $0.33 by $0.19, while revenue increased by 8.6% year-over-year.
• Analyst ratings for Chewy are generally positive, with several upgrades; it has an average rating of "Moderate Buy" and an average target price of $45.72.

Central Pacific Bank Trust Division acquired a new position in shares of Chewy (NYSE:CHWY - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,221 shares of the company's stock, valued at approximately $521,000.

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

Chewy Trading Down 3.6%

CHWY opened at $34.72 on Friday. Chewy has a 1-year low of $26.28 and a 1-year high of $48.62. The company has a market capitalization of $14.42 billion, a PE ratio of 99.20, a PEG ratio of 7.54 and a beta of 1.65. The firm's 50 day simple moving average is $38.47 and its two-hundred day simple moving average is $38.31.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CHWY. Seaport Res Ptn upgraded shares of Chewy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. UBS Group lowered their price objective on shares of Chewy from $46.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday. Guggenheim restated a "buy" rating and set a $45.00 price objective (up previously from $42.00) on shares of Chewy in a research report on Thursday, June 12th. Citigroup lowered their price objective on shares of Chewy from $49.00 to $48.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Jefferies Financial Group restated a "hold" rating and set a $43.00 price objective (up previously from $41.00) on shares of Chewy in a research report on Thursday, June 5th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $45.72.

Insider Buying and Selling at Chewy

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $41.75, for a total value of $1,250,000,010.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sumit Singh sold 29,557 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $35.57, for a total transaction of $1,051,342.49. Following the completion of the transaction, the chief executive officer owned 540,406 shares in the company, valued at $19,222,241.42. The trade was a 5.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,008,777 shares of company stock valued at $1,252,444,321 over the last three months. Insiders own 0.43% of the company's stock.

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.

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.