Brighton Jones LLC Sells 140,519 Shares of Chewy $CHWY

Key Points

• Brighton Jones cut its Chewy stake by 33.7% in the third quarter, selling 140,519 shares; it retained 276,934 shares valued at about $5.04 million.
• Chewy’s latest quarterly results beat expectations: EPS was $0.36 versus the $0.18 consensus, while revenue of $3.33 billion slightly exceeded estimates and rose 7.3% year over year.
• Analysts maintain a Moderate Buy consensus rating, with an average price target of $30.45; the stock was quoted at $22.58 in the article.

Brighton Jones LLC lessened its position in shares of Chewy (NYSE:CHWY - Free Report) by 33.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 276,934 shares of the company's stock after selling 140,519 shares during the period. Brighton Jones LLC owned 0.07% of Chewy worth $5,040,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in Chewy by 12.7% during the first quarter. Bank of America Corp DE now owns 4,816,924 shares of the company's stock valued at $130,057,000 after purchasing an additional 542,298 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Chewy by 49.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,739,267 shares of the company's stock worth $46,942,000 after purchasing an additional 578,801 shares during the period. Amundi boosted its position in Chewy by 191.8% during the first quarter. Amundi now owns 1,466,126 shares of the company's stock worth $39,584,000 after purchasing an additional 963,750 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Chewy by 0.5% in the first quarter. The Manufacturers Life Insurance Company now owns 839,927 shares of the company's stock worth $22,678,000 after purchasing an additional 3,942 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Chewy by 11.1% in the first quarter. Principal Financial Group Inc. now owns 535,915 shares of the company's stock worth $14,470,000 after purchasing an additional 53,586 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company's stock.

Chewy Trading Up 0.1%

Shares of CHWY opened at $22.58 on Monday. Chewy has a twelve month low of $17.40 and a twelve month high of $37.34. The stock has a market cap of $9.07 billion, a PE ratio of 34.21, a P/E/G ratio of 0.94 and a beta of 1.33. The company has a quick ratio of 0.42, a current ratio of 0.84 and a debt-to-equity ratio of 1.59. The business's 50-day moving average price is $20.82 and its 200-day moving average price is $23.09.

Chewy (NYSE:CHWY - Get Free Report) last announced its earnings results on Wednesday, September 9th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.18. Chewy had a return on equity of 60.88% and a net margin of 2.09%. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the prior year, the company earned $0.33 EPS. The company's quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities analysts forecast that Chewy will post 0.76 EPS for the current fiscal year.

Analysts Set New Price Targets

CHWY has been the topic of several research reports. Weiss Ratings raised shares of Chewy from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, September 28th. Piper Sandler restated an "overweight" rating on shares of Chewy in a research note on Friday, August 21st. Citigroup reaffirmed a "market outperform" rating on shares of Chewy in a report on Thursday, September 10th. Robert W. Baird reduced their price objective on shares of Chewy from $30.00 to $28.00 and set an "outperform" rating for the company in a research note on Thursday, September 10th. Finally, Rosenblatt Securities lowered their target price on shares of Chewy from $25.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $30.45.

Trending Headlines about Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Chewy launched its Spirited Paw pet-supplement line, expanding its pet-health assortment and potentially supporting growth in the category; no sales impact was reported. Article: Chewy Stock Gets a Pet Supplements Boost With Spirited Paw Launch
• Positive Sentiment: Chewy’s holiday-themed promotions may help attract seasonal shoppers, although the coverage provided no evidence of an effect on revenue. Article: Move Over, Santa—Chewy Claus Is Here to Spoil Your Pets This Holiday Season
• Neutral Sentiment: A comparison with GameStop cited Chewy’s pet-health services and subscription-based revenue model as strengths, but did not provide new company results or guidance. Article: Chewy vs. GameStop: Which Consumer Stock Is a Better Buy for 2027?
• Negative Sentiment: CEO Sumit Singh sold 23,002 shares at an average $21.40, and Chief Accounting Officer William Billings sold 4,815 shares at $23. Both transactions were made under pre-arranged Rule 10b5-1 plans, which may temper—but not eliminate—investor concern about insider selling. Article: Chewy CAO William Billings Sells 4,815 Shares
• Negative Sentiment: A report said CHWY fell below its 200-day moving average, a technical signal that can reinforce bearish sentiment. Article: Chewy Stock Breaks Below Two Hundred Day Moving Average After Insider Selling

Insider Transactions at Chewy

In related news, CEO Sumit Singh sold 3,228 shares of the firm's stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $21.40, for a total transaction of $69,079.20. Following the transaction, the chief executive officer directly owned 127,481 shares of the company's stock, valued at approximately $2,728,093.40. This trade represents a 2.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO William G. Billings sold 4,815 shares of the company's stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $23.00, for a total value of $110,745.00. Following the completion of the sale, the chief accounting officer directly owned 36,595 shares of the company's stock, valued at approximately $841,685. This represents a 11.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 48,328 shares of company stock worth $1,035,010 in the last 90 days. Company insiders own 0.34% of the company's stock.

Chewy Profile

Chewy, Inc is an online retailer focused on pet food, supplies and related services. Through its website and mobile app, the company sells products for dogs, cats and other pets, including food, treats, toys, bedding and grooming supplies.

Chewy also offers pet medications and health products through Chewy Pharmacy, along with services such as veterinary care. Its business combines product sales with services designed to support pet owners throughout their pets' lives.

Founded in 2011, Chewy primarily serves customers in the United States.

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