Chewy $CHWY Shares Sold by Pembroke Management LTD

Key Points

• Pembroke Management LTD reduced its stake in Chewy by 2.2%, now holding 345,901 shares, which represents approximately 1.7% of its portfolio.
• Chewy recently reported a 0.35 EPS for the quarter, surpassing analyst expectations, with revenues increasing by 6.3% year-over-year.
• Multiple institutional investors have increased their holdings in Chewy, with D.A. Davidson & CO. up 38.7% and Victory Capital Management Inc. up 74.5% in the first quarter.

Pembroke Management LTD lowered its stake in Chewy (NYSE:CHWY - Free Report) by 2.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 345,901 shares of the company's stock after selling 7,840 shares during the period. Chewy makes up approximately 1.7% of Pembroke Management LTD's portfolio, making the stock its 27th biggest holding. Pembroke Management LTD owned about 0.08% of Chewy worth $11,245,000 at the end of the most recent reporting period.

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

Chewy Stock Performance

CHWY opened at $41.43 on Friday. The business's fifty day moving average is $39.07 and its two-hundred day moving average is $38.08. The company has a market cap of $17.20 billion, a price-to-earnings ratio of 46.55, a PEG ratio of 8.44 and a beta of 1.67. Chewy has a one year low of $25.19 and a one year high of $48.62.

Chewy (NYSE:CHWY - Get Free Report) last posted its earnings results on Wednesday, June 11th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.08 billion. Chewy had a return on equity of 35.04% and a net margin of 3.21%.Chewy's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. Chewy has set its FY 2025 guidance at EPS. On average, analysts predict that Chewy will post 0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CHWY has been the topic of a number of recent research reports. Guggenheim reissued a "buy" rating and issued a $45.00 target price (up previously from $42.00) on shares of Chewy in a report on Thursday, June 12th. Cowen reaffirmed a "buy" rating on shares of Chewy in a report on Friday, June 6th. JMP Securities upped their price objective on Chewy from $39.00 to $48.00 and gave the stock a "market outperform" rating in a report on Thursday, July 10th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $44.00 price objective (up previously from $42.00) on shares of Chewy in a report on Thursday, June 12th. Finally, Evercore ISI set a $52.00 price objective on Chewy and gave the stock an "outperform" rating in a report on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.78.

Insider Transactions at Chewy

In other Chewy news, CAO William G. Billings sold 20,142 shares of the business's 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 directly owned 29,464 shares in the company, valued at approximately $1,048,034.48. The trade was a 40.60% 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, CEO Sumit Singh sold 4,264 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $35.57, for a total value of $151,670.48. Following the sale, the chief executive officer owned 72,549 shares in the company, valued at approximately $2,580,567.93. The trade was a 5.55% decrease in their ownership of the stock. 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 in the last three months. 0.43% of the stock is owned by company insiders.

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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