11,646 Shares in Chewy $CHWY Acquired by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. has acquired 11,646 shares of Chewy, valued at approximately $379,000, marking a notable addition to the company's institutional ownership.
• Chewy CEO Sumit Singh and CTO Satish Mehta sold shares recently, with Singh reducing his stake by 5.55% and Mehta by 3.06%.
• Chewy reported a $0.14 earnings per share (EPS) for the quarter, missing analysts' expectations, while its revenue was $3.10 billion, slightly exceeding estimates.

Baird Financial Group Inc. bought a new position in shares of Chewy (NYSE:CHWY - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,646 shares of the company's stock, valued at approximately $379,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Liberty One Investment Management LLC grew its stake in shares of Chewy by 4.7% in the first quarter. Liberty One Investment Management LLC now owns 7,051 shares of the company's stock worth $229,000 after purchasing an additional 314 shares during the last quarter. North Star Investment Management Corp. grew 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 purchasing an additional 353 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Chewy by 2.3% in the first quarter. Federated Hermes Inc. now owns 15,685 shares of the company's stock worth $510,000 after purchasing an additional 354 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Chewy by 5.3% in the first quarter. Park Avenue Securities LLC now owns 7,281 shares of the company's stock worth $237,000 after purchasing an additional 364 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Chewy by 14.6% during the first quarter. Signaturefd LLC now owns 3,420 shares of the company's stock valued at $111,000 after acquiring an additional 436 shares during the last quarter. Institutional investors own 93.09% of the company's stock.

Insider Activity

In other Chewy news, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO William G. Billings sold 20,142 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $716,450.94. Following the completion of the sale, the chief accounting officer owned 29,464 shares of the company's stock, valued at approximately $1,048,034.48. This trade represents a 40.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,008,777 shares of company stock worth $1,252,444,321. Corporate insiders own 0.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CHWY. Seaport Res Ptn raised shares of Chewy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Royal Bank Of Canada cut their price target on shares of Chewy from $44.00 to $43.00 and set an "outperform" rating on the stock in a research report on Thursday. JMP Securities reaffirmed a "market outperform" rating and set a $48.00 price target on shares of Chewy in a research report on Thursday. UBS Group cut their price target on shares of Chewy from $46.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Guggenheim reiterated a "buy" rating and set a $45.00 price objective (up previously from $42.00) on shares of Chewy in a report on Thursday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Chewy currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.72.

Chewy Trading Down 3.6%

Shares of CHWY traded down $1.30 on Friday, reaching $34.72. The company's stock had a trading volume of 13,551,107 shares, compared to its average volume of 7,744,831. Chewy has a twelve month low of $26.28 and a twelve month high of $48.62. The stock 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 has a fifty day moving average of $38.47 and a 200-day moving average of $38.31.

Chewy (NYSE:CHWY - Get Free Report) last posted its 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). 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 analyst estimates of $3.08 billion. During the same quarter in the prior year, the company earned $0.24 EPS. The company'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. As a group, equities analysts anticipate that Chewy will post 0.24 EPS for the current fiscal 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.