Chewy $CHWY Stock Position Lifted by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its stake in Chewy by 25.8% during Q2, owning over 1 million shares valued at approximately $45.6 million.
• Chewy's stock rose 2.1% after the company reported quarterly earnings of $0.14 per share, which was below analysts' estimates of $0.33.
• Research analysts have set a consensus target price of $45.84 for Chewy, with multiple firms issuing varying ratings, including "overweight" and "outperform."

Blair William & Co. IL lifted its stake in shares of Chewy (NYSE:CHWY - Free Report) by 25.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,069,463 shares of the company's stock after purchasing an additional 219,629 shares during the quarter. Blair William & Co. IL owned about 0.26% of Chewy worth $45,581,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHWY. Golden State Wealth Management LLC raised its position in shares of Chewy by 104.6% during the 1st quarter. Golden State Wealth Management LLC now owns 941 shares of the company's stock worth $31,000 after buying an additional 481 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Chewy during the first quarter worth approximately $44,000. North Star Investment Management Corp. boosted its stake in Chewy by 26.6% during 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 in the last quarter. Parallel Advisors LLC increased its position in shares of Chewy by 73.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,365 shares of the company's stock valued at $58,000 after purchasing an additional 577 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Chewy by 225.7% in the 1st quarter. UMB Bank n.a. now owns 1,866 shares of the company's stock worth $61,000 after buying an additional 1,293 shares in the last quarter. Institutional investors own 93.09% of the company's stock.

Chewy Stock Up 2.1%

CHWY stock opened at $39.04 on Friday. The company has a 50 day moving average of $38.69 and a two-hundred day moving average of $38.88. The company has a market cap of $16.19 billion, a price-to-earnings ratio of 111.54, a PEG ratio of 9.56 and a beta of 1.62. Chewy has a 12-month low of $26.28 and a 12-month high of $48.62.

Chewy (NYSE:CHWY - Get Free Report) last posted its quarterly earnings results on Wednesday, September 10th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.19). Chewy had a return on equity of 50.45% and a net margin of 1.22%.The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the company posted $0.24 earnings per share. The company's revenue was up 8.6% compared to the same quarter last year. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. On average, research analysts anticipate that Chewy will post 0.24 EPS for the current year.

Insider Activity

In related news, CAO William G. Billings sold 20,142 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $716,450.94. Following the transaction, the chief accounting officer 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sumit Singh sold 29,557 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $1,051,342.49. Following the transaction, the chief executive officer directly owned 540,406 shares of the company's stock, valued at $19,222,241.42. This represents a 5.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 68,657 shares of company stock valued at $2,444,311 over the last 90 days. 0.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CHWY shares. JPMorgan Chase & Co. lowered their target price on Chewy from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Thursday, September 11th. Evercore ISI set a $52.00 target price on shares of Chewy and gave the company an "outperform" rating in a research note on Thursday, June 12th. Mizuho upgraded shares of Chewy from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $44.00 to $50.00 in a research report on Monday, September 8th. Royal Bank Of Canada cut their target price on Chewy from $44.00 to $43.00 and set an "outperform" rating on the stock in a research report on Thursday, September 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Chewy from a "hold" rating to a "buy" rating and set a $45.00 price objective for the company in a research note on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $45.84.

About Chewy

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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