Belpointe Asset Management LLC Purchases Shares of 9,778 Chewy $CHWY

Key Points

• Belpointe Asset Management LLC purchased 9,778 shares of Chewy (NYSE:CHWY), valued at approximately $318,000 during the first quarter.
• Analysts have varying views on Chewy, with 19 analysts giving it a Buy rating and a consensus target price of $45.72, while recent upgrades and downgrades reflect mixed sentiment.
• Chewy's quarterly earnings missed expectations, reporting earnings per share (EPS) of $0.14, below the consensus of $0.33, while revenue was up 8.6% year-over-year to $3.10 billion.

Belpointe Asset Management LLC bought a new position in Chewy (NYSE:CHWY - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,778 shares of the company's stock, valued at approximately $318,000.

Other institutional investors have also recently bought and sold shares of the company. Aigen Investment Management LP acquired a new position in shares of Chewy in the 1st quarter valued at $791,000. Jefferies Financial Group Inc. acquired a new position in Chewy in the first quarter valued at $3,251,000. D.A. Davidson & CO. grew its position in Chewy by 38.7% during the first quarter. D.A. Davidson & CO. now owns 43,725 shares of the company's stock valued at $1,422,000 after acquiring an additional 12,206 shares during the period. Polar Asset Management Partners Inc. increased its stake in Chewy by 26.5% during the fourth quarter. Polar Asset Management Partners Inc. now owns 288,733 shares of the company's stock worth $9,670,000 after acquiring an additional 60,533 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Chewy by 74.5% in the 1st quarter. Victory Capital Management Inc. now owns 139,889 shares of the company's stock worth $4,548,000 after purchasing an additional 59,711 shares during the period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded Chewy from a "hold" rating to a "buy" rating in a report on Saturday. TD Cowen dropped their price objective on shares of Chewy from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Thursday. Barclays cut their target price on shares of Chewy from $50.00 to $47.00 and set an "overweight" rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised shares of Chewy from a "hold" rating to a "buy" rating and set a $45.00 price target for the company in a research report on Thursday. Finally, Royal Bank Of Canada lowered their price target on Chewy from $44.00 to $43.00 and set an "outperform" rating for the company in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $45.72.

Insider Buying and Selling at Chewy

In other news, CAO William G. Billings sold 20,142 shares of Chewy stock in a transaction dated 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. The trade was a 40.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Satish Mehta sold 8,727 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $35.82, for a total transaction of $312,601.14. Following the sale, the chief technology officer directly owned 276,467 shares of the company's stock, valued at approximately $9,903,047.94. This represents a 3.06% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,008,777 shares of company stock valued at $1,252,444,321. Corporate insiders own 0.43% of the company's stock.

Chewy Trading Down 3.6%

Shares of CHWY opened at $34.72 on Monday. Chewy has a 52 week low of $26.28 and a 52 week high of $48.62. The firm has a market cap of $14.42 billion, a price-to-earnings ratio of 99.20, a PEG ratio of 7.25 and a beta of 1.65. The stock has a 50 day moving average of $38.47 and a 200-day moving average of $38.33.

Chewy (NYSE:CHWY - Get Free Report) last posted its quarterly 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 firm had revenue of $3.10 billion for the quarter, compared to analyst estimates 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 posted $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, sell-side analysts predict that Chewy will post 0.24 earnings per share for the current fiscal year.

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.

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