Chewy $CHWY Stake Increased by M&T Bank Corp

Key Points

• M&T Bank boosted its stake in Chewy by 2,668% in Q4 to 262,022 shares, worth about $8.66 million (roughly 0.06% of the company).
• Chewy missed Q4 EPS ($0.09 vs. $0.28 expected) while revenue was in line, a miss that contributed to recent share weakness and was accompanied by insider sales from the general counsel and CTO.
• Analysts remain broadly positive—MarketBeat shows a "Moderate Buy" consensus (2 Strong Buy, 18 Buy, 5 Hold) with an average price target of $42.91, well above the current trading level.

M&T Bank Corp increased its stake in Chewy (NYSE:CHWY - Free Report) by 2,668.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 262,022 shares of the company's stock after buying an additional 252,556 shares during the period. M&T Bank Corp owned about 0.06% of Chewy worth $8,660,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quent Capital LLC bought a new stake in shares of Chewy in the third quarter worth $27,000. CoreCap Advisors LLC increased its stake in shares of Chewy by 306.3% in the fourth quarter. CoreCap Advisors LLC now owns 845 shares of the company's stock worth $28,000 after buying an additional 637 shares during the last quarter. Osterweis Capital Management Inc. bought a new stake in shares of Chewy in the second quarter worth $30,000. Strategic Advocates LLC bought a new stake in shares of Chewy in the third quarter worth $43,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Chewy by 412.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,091 shares of the company's stock worth $46,000 after buying an additional 878 shares during the last quarter. Institutional investors own 93.09% of the company's stock.

Insider Buying and Selling at Chewy

In other Chewy news, General Counsel Da-Wai Hu sold 8,149 shares of the business's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total transaction of $219,289.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Satish Mehta sold 13,013 shares of the business's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $28.99, for a total transaction of $377,246.87. Following the transaction, the chief technology officer directly owned 273,835 shares of the company's stock, valued at approximately $7,938,476.65. This trade represents a 4.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.43% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CHWY has been the subject of a number of research analyst reports. Argus upgraded shares of Chewy to a "strong-buy" rating in a research note on Tuesday, April 7th. JPMorgan Chase & Co. dropped their price target on shares of Chewy from $46.00 to $40.00 and set an "overweight" rating for the company in a research note on Thursday, March 26th. Barclays dropped their price target on shares of Chewy from $52.00 to $48.00 and set an "overweight" rating for the company in a research note on Thursday, March 5th. TD Cowen lifted their price target on shares of Chewy from $39.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, March 26th. Finally, Bank of America lowered their target price on shares of Chewy from $46.00 to $40.00 and set a "buy" rating for the company in a research note on Thursday, March 26th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Chewy has an average rating of "Moderate Buy" and an average target price of $42.91.

Chewy Price Performance

CHWY stock opened at $26.03 on Friday. Chewy has a 1-year low of $22.74 and a 1-year high of $48.62. The firm has a fifty day moving average price of $25.91 and a two-hundred day moving average price of $30.59. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of 50.06, a PEG ratio of 1.11 and a beta of 1.61.

Chewy (NYSE:CHWY - Get Free Report) last released its earnings results on Wednesday, March 25th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.19). Chewy had a net margin of 1.77% and a return on equity of 53.48%. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the firm earned $0.28 EPS. The firm's revenue for the quarter was up .5% on a year-over-year basis. As a group, analysts expect that Chewy will post 0.89 EPS for the current fiscal year.

Key Headlines Impacting Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Analyst take that Chewy shows durable demand, consistent earnings growth, and high customer stickiness (autoship now ~84% of revenue), framing the post-decline share price as a buy opportunity. Chewy: Durable Demand And Consistent Earnings Growth
• Positive Sentiment: Column argues the sell-off creates a value/growth entry: stronger profitability trends and a lower valuation on a longer-term growth outlook. 3 Reasons the Sell-Off in Chewy Is a Gift for Long-Term Investors
• Positive Sentiment: Zacks highlights Chewy as a top long-term growth pick based on style scores, reinforcing investor interest from growth and momentum investors. Why Chewy (CHWY) is a Top Growth Stock for the Long-Term
• Positive Sentiment: Zacks also profiles Chewy as a strong momentum stock, supporting the thesis that improved sentiment could attract momentum flows if fundamentals remain steady. Here's Why Chewy (CHWY) is a Strong Momentum Stock
• Neutral Sentiment: Chewy announced a deal to buy Modern Animal (vet clinics + virtual care), a strategic move toward an integrated pet healthcare ecosystem that could lift long-term revenue per customer but will require execution and likely near-term integration costs. Chewy (CHWY) to Acquire Veterinary Platform Modern Animal to Expand Pet Healthcare Ecosystem
• Neutral Sentiment: Industry roundup compares Chewy’s Q4 performance to peers — useful context for relative performance but not a direct catalyst. Winners And Losers Of Q4: Chewy NYSE: CHWY Vs The Rest Of The Online Retail Stocks
• Neutral Sentiment: Feature on a new affordable Chewy-branded cat bed — minor consumer-facing news that supports brand engagement but is unlikely to move the stock materially. Discover Chewy's affordable cow-themed cat bed and scratcher for small spaces at $43
• Negative Sentiment: Coverage explaining recent share weakness and a ~5% dip tied to the post-earnings reaction and cautious near-term outlook; these stories can reinforce short-term selling pressure. Why Is Chewy (CHWY) Down 5% Since Last Earnings Report?
• Negative Sentiment: Market write-ups detail a sharper-than-market intraday decline, signaling that sentiment and momentum, not just fundamentals, have pressured the stock recently. Why Chewy (CHWY) Dipped More Than Broader Market Today

Chewy Company Profile

Chewy, Inc NYSE: CHWY is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.

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