Chewy $CHWY Shares Bought by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC increased its holdings in Chewy by 19.6%, acquiring an additional 8,048 shares, bringing its total to 49,007 shares valued at approximately $1.59 million.
• Chewy reported $3.12 billion in revenue for the last quarter, surpassing analyst expectations, while earnings per share (EPS) came in at $0.35, slightly above the predicted $0.34.
• Shares of Chewy are currently down 1.1%, with a market capitalization of $17.02 billion and a 12-month price range between $25.19 and $48.62.

Kestra Advisory Services LLC increased its holdings in shares of Chewy (NYSE:CHWY - Free Report) by 19.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,007 shares of the company's stock after buying an additional 8,048 shares during the period. Kestra Advisory Services LLC's holdings in Chewy were worth $1,593,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Liberty One Investment Management LLC increased its position in shares of Chewy by 4.7% in the 1st quarter. Liberty One Investment Management LLC now owns 7,051 shares of the company's stock valued at $229,000 after purchasing an additional 314 shares during the last quarter. North Star Investment Management Corp. increased its position in shares of Chewy by 26.6% in the 1st quarter. North Star Investment Management Corp. now owns 1,678 shares of the company's stock valued at $55,000 after purchasing an additional 353 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Chewy by 2.3% in the 1st quarter. Federated Hermes Inc. now owns 15,685 shares of the company's stock valued at $510,000 after purchasing an additional 354 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of Chewy by 5.3% in the 1st quarter. Park Avenue Securities LLC now owns 7,281 shares of the company's stock valued at $237,000 after purchasing an additional 364 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Chewy by 14.6% in the 1st quarter. Signaturefd LLC now owns 3,420 shares of the company's stock valued at $111,000 after purchasing an additional 436 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chewy

In related news, CEO Sumit Singh sold 4,264 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $151,670.48. Following the completion of the sale, the chief executive officer owned 72,549 shares in the company, valued at $2,580,567.93. This represents a 5.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO William G. Billings sold 20,142 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $35.57, for a total transaction of $716,450.94. Following the sale, the chief accounting officer owned 29,464 shares of the company's stock, valued at approximately $1,048,034.48. This represents a 40.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,008,777 shares of company stock worth $1,252,444,321 in the last quarter. 0.43% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CHWY has been the topic of a number of recent analyst reports. JMP Securities increased their price objective on shares of Chewy from $39.00 to $48.00 and gave the company a "market outperform" rating in a research report on Thursday, July 10th. Citizens Jmp upgraded shares of Chewy to a "strong-buy" rating in a report on Thursday, July 10th. Evercore ISI set a $52.00 target price on shares of Chewy and gave the company an "outperform" rating in a report on Thursday, June 12th. Needham & Company LLC restated a "hold" rating on shares of Chewy in a report on Thursday, June 12th. Finally, Wall Street Zen cut shares of Chewy from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $43.78.

Chewy Stock Up 0.1%

NYSE:CHWY traded up $0.04 during trading hours on Thursday, reaching $40.79. 2,620,202 shares of the company's stock were exchanged, compared to its average volume of 6,272,625. The firm has a market capitalization of $16.93 billion, a price-to-earnings ratio of 45.83, a P/E/G ratio of 8.55 and a beta of 1.65. The company has a 50-day moving average of $38.89 and a 200 day moving average of $38.17. Chewy has a 1-year low of $25.19 and a 1-year high of $48.62.

Chewy (NYSE:CHWY - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The firm had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $3.08 billion. Chewy had a net margin of 3.21% and a return on equity of 35.04%. Chewy's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 EPS. Chewy has set its FY 2025 guidance at EPS. Research analysts forecast 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.