AMI Asset Management Corp Has $35.57 Million Position in Chewy $CHWY

AMI Asset Management Corp boosted its stake in shares of Chewy (NYSE:CHWY - Free Report) by 42.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 834,489 shares of the company's stock after buying an additional 246,993 shares during the quarter. Chewy makes up approximately 2.0% of AMI Asset Management Corp's portfolio, making the stock its 26th biggest position. AMI Asset Management Corp owned 0.20% of Chewy worth $35,566,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHWY. Liberty One Investment Management LLC raised its stake in Chewy by 4.7% during the 1st quarter. Liberty One Investment Management LLC now owns 7,051 shares of the company's stock worth $229,000 after buying an additional 314 shares during the period. North Star Investment Management Corp. raised its stake in Chewy by 26.6% during the 1st 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 during the period. Federated Hermes Inc. raised its stake in Chewy by 2.3% during the 1st quarter. Federated Hermes Inc. now owns 15,685 shares of the company's stock worth $510,000 after buying an additional 354 shares during the period. Park Avenue Securities LLC raised its stake in Chewy by 5.3% during the 1st quarter. Park Avenue Securities LLC now owns 7,281 shares of the company's stock worth $237,000 after buying an additional 364 shares during the period. Finally, GAMMA Investing LLC raised its stake in Chewy by 13.7% during the 2nd quarter. GAMMA Investing LLC now owns 3,369 shares of the company's stock worth $144,000 after buying an additional 405 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CTO Satish Mehta sold 8,727 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $35.82, for a total value of $312,601.14. Following the completion of the transaction, the chief technology officer directly owned 276,467 shares of the company's stock, valued at $9,903,047.94. This represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO William G. Billings sold 20,142 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $35.57, for a total value of $716,450.94. Following the completion of the transaction, the chief accounting officer directly owned 29,464 shares of the company's stock, valued at approximately $1,048,034.48. This represents a 40.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 68,657 shares of company stock valued at $2,444,311 over the last three months. Corporate insiders own 0.43% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on CHWY shares. Mizuho raised Chewy from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $44.00 to $50.00 in a report on Monday, September 8th. Robert W. Baird decreased their price objective on Chewy from $52.00 to $48.00 and set an "outperform" rating for the company in a report on Thursday, September 11th. Citizens Jmp raised Chewy to a "strong-buy" rating in a report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft raised Chewy from a "hold" rating to a "buy" rating and set a $45.00 price objective for the company in a report on Thursday, September 11th. Finally, Moffett Nathanson raised Chewy from a "neutral" rating to a "buy" rating and set a $48.00 price objective for the company in a report on Thursday, September 25th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued 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 $45.84.

Chewy Stock Down 2.0%

CHWY stock opened at $39.64 on Thursday. The firm has a market cap of $16.45 billion, a PE ratio of 113.27, a P/E/G ratio of 10.04 and a beta of 1.62. The business has a 50 day moving average of $38.48 and a 200-day moving average of $38.66. Chewy has a 12-month low of $26.28 and a 12-month high of $48.62.

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

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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