Andrew Hill Investment Advisors Inc. Takes Position in Chewy $CHWY

Key Points

• Andrew Hill Investment Advisors Inc. has acquired a new stake in Chewy, purchasing 12,871 shares valued at about $549,000.
• Insiders at Chewy have sold 30,008,777 shares in the last quarter, totaling over $1.25 billion, while holding just 0.43% of the company's stock.
• Analysts have mixed ratings on Chewy, with two maintaining a Strong Buy rating and a consensus target price of $45.72.

Andrew Hill Investment Advisors Inc. bought a new position in shares of Chewy (NYSE:CHWY - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 12,871 shares of the company's stock, valued at approximately $549,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sivia Capital Partners LLC acquired a new position in Chewy in the 2nd quarter valued at $457,000. Radnor Capital Management LLC grew its holdings in Chewy by 18.8% in the 2nd quarter. Radnor Capital Management LLC now owns 16,560 shares of the company's stock valued at $706,000 after buying an additional 2,620 shares in the last quarter. Lifestyle Asset Management Inc. acquired a new position in Chewy in the 2nd quarter valued at $1,014,000. Reyes Financial Architecture Inc. acquired a new position in Chewy in the 2nd quarter valued at $132,000. Finally, Parallel Advisors LLC grew its holdings in Chewy by 73.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,365 shares of the company's stock valued at $58,000 after buying an additional 577 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Chewy Price Performance

Shares of CHWY stock traded down $0.33 on Monday, hitting $38.16. 2,687,963 shares of the company's stock were exchanged, compared to its average volume of 6,673,133. Chewy has a 12 month low of $26.28 and a 12 month high of $48.62. The stock has a market cap of $15.84 billion, a P/E ratio of 109.03, a price-to-earnings-growth ratio of 9.56 and a beta of 1.65. The company has a 50 day moving average of $38.34 and a 200 day moving average of $38.41.

Chewy (NYSE:CHWY - Get Free Report) last posted its earnings results on Wednesday, September 10th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.19). The firm 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%. Chewy's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. Sell-side analysts predict that Chewy will post 0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CHWY shares. Guggenheim reaffirmed a "buy" rating and issued a $45.00 price objective (up from $42.00) on shares of Chewy in a report on Thursday, June 12th. Citizens Jmp raised Chewy to a "strong-buy" rating in a report on Thursday, July 10th. Seaport Res Ptn raised Chewy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 10th. Morgan Stanley reduced their target price on Chewy from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Thursday, September 11th. Finally, Wall Street Zen lowered Chewy from a "buy" rating to a "hold" rating in a report on Sunday. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $45.72.

Insider Transactions at Chewy

In other Chewy news, CEO Sumit Singh sold 29,557 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $35.57, for a total value of $1,051,342.49. Following the completion of the transaction, the chief executive officer directly owned 540,406 shares in the company, valued at approximately $19,222,241.42. This trade represents a 5.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of the stock in a transaction dated 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 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. Company insiders own 0.43% of the company's stock.

About Chewy

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.