Ameritas Advisory Services LLC Has $1.27 Million Holdings in Chewy $CHWY

Key Points

• Ameritas Advisory Services LLC has reduced its holdings in Chewy by 20.9%, now owning 29,700 shares valued at approximately $1.27 million.
• Chewy reported a loss of $0.14 EPS in its quarterly results, missing analysts' expectations of $0.33, although its revenue increased by 8.6% to $3.10 billion.
• Chewy's stock performance shows a market cap of $15.58 billion with a current share price of $37.55, while maintaining a PE ratio of 107.30.

Ameritas Advisory Services LLC cut its position in Chewy (NYSE:CHWY - Free Report) by 20.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,700 shares of the company's stock after selling 7,826 shares during the period. Ameritas Advisory Services LLC's holdings in Chewy were worth $1,266,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Parallel Advisors LLC boosted its holdings in shares of Chewy by 150.2% in the 1st 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 boosted its stake in 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 purchasing an additional 481 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in Chewy in the first quarter worth $44,000. North Star Investment Management Corp. boosted its stake in 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 purchasing an additional 353 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Chewy by 225.7% during the 1st 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. 93.09% of the stock is owned by institutional investors and hedge funds.

Chewy Stock Performance

CHWY opened at $37.55 on Friday. The firm's fifty day moving average is $38.54 and its two-hundred day moving average is $38.79. The firm has a market cap of $15.58 billion, a PE ratio of 107.30, a price-to-earnings-growth ratio of 9.32 and a beta of 1.62. Chewy has a twelve month low of $26.28 and a twelve month high of $48.62.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings results on Wednesday, September 10th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.19). The business 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 company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 EPS. 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 EPS for the current fiscal year.

Insider Activity at Chewy

In other news, CTO Satish Mehta sold 8,727 shares of Chewy 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 sale, the chief technology officer directly owned 276,467 shares in the company, valued at $9,903,047.94. This trade represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sumit Singh sold 4,264 shares of Chewy stock in a transaction on Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $151,670.48. Following the completion of the sale, the chief executive officer owned 72,549 shares in the company, valued at $2,580,567.93. The trade was a 5.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,657 shares of company stock valued at $2,444,311. 0.43% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CHWY shares. Mizuho upgraded shares of Chewy from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $44.00 to $50.00 in a research report on Monday, September 8th. Morgan Stanley reduced their target price on shares of Chewy from $50.00 to $48.00 and set an "overweight" rating on the stock in a research report on Thursday, September 11th. Royal Bank Of Canada reduced their price objective on Chewy from $44.00 to $43.00 and set an "outperform" rating on the stock in a report on Thursday, September 11th. UBS Group reduced their price objective on Chewy from $46.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, September 11th. Finally, JPMorgan Chase & Co. cut their price target on Chewy from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Chewy currently has an average rating of "Moderate Buy" and an average target price of $45.84.

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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