Dakota Wealth Management Acquires 23,789 Shares of Chewy $CHWY

Key Points

• Dakota Wealth Management significantly increased its stake in Chewy by purchasing an additional 23,789 shares, raising its total holdings to 36,154 shares valued at approximately $1.54 million.
• Chewy's CEO Sumit Singh and CTO Satish Mehta recently sold shares at prices around $35.57 to $35.82, reflecting a decrease in their holdings.
• Chewy's stock has received mixed analyst ratings, with a consensus rating of "Moderate Buy" and a recent quarterly earnings report showing $0.14 EPS, which was below analyst expectations.

Dakota Wealth Management increased its holdings in shares of Chewy (NYSE:CHWY - Free Report) by 192.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,154 shares of the company's stock after acquiring an additional 23,789 shares during the period. Dakota Wealth Management's holdings in Chewy were worth $1,541,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parallel Advisors LLC boosted its position in shares of Chewy by 150.2% in the 1st quarter. Parallel Advisors LLC now owns 788 shares of the company's stock worth $26,000 after purchasing an additional 473 shares in the last quarter. Golden State Wealth Management LLC grew its stake in shares of Chewy by 104.6% in the first quarter. Golden State Wealth Management LLC now owns 941 shares of the company's stock worth $31,000 after acquiring an additional 481 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Chewy in the first quarter worth $44,000. North Star Investment Management Corp. increased its holdings in shares of Chewy by 26.6% during the first quarter. North Star Investment Management Corp. now owns 1,678 shares of the company's stock valued at $55,000 after acquiring an additional 353 shares in the last quarter. Finally, UMB Bank n.a. raised its position 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 purchasing an additional 1,293 shares during the last quarter. Institutional investors own 93.09% of the company's stock.

Analyst Ratings Changes

CHWY has been the topic of several recent analyst reports. Robert W. Baird cut their price objective on shares of Chewy from $52.00 to $48.00 and set an "outperform" rating on the stock in a research report on Thursday, September 11th. Citizens Jmp raised shares of Chewy to a "strong-buy" rating in a research report on Thursday, July 10th. JMP Securities restated a "market outperform" rating and issued a $48.00 price objective on shares of Chewy in a report on Thursday, September 11th. Barclays cut their target price on Chewy from $50.00 to $47.00 and set an "overweight" rating on the stock in a research note on Thursday, September 11th. Finally, Mizuho raised Chewy from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $44.00 to $50.00 in a report on Monday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $45.84.

Insider Buying and Selling at Chewy

In other news, CEO Sumit Singh sold 4,264 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 $151,670.48. Following the completion of the sale, the chief executive officer owned 72,549 shares of the company's stock, valued at $2,580,567.93. This represents a 5.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Satish Mehta sold 8,727 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $35.82, for a total transaction of $312,601.14. Following the completion of the transaction, the chief technology officer owned 276,467 shares in the company, valued at $9,903,047.94. This trade represents a 3.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 68,657 shares of company stock worth $2,444,311 in the last three months. 0.43% of the stock is currently owned by company insiders.

Chewy Trading Up 4.5%

Shares of CHWY opened at $39.66 on Friday. The firm has a fifty day simple moving average of $38.34 and a two-hundred day simple moving average of $38.51. The firm has a market cap of $16.45 billion, a PE ratio of 113.31, a P/E/G ratio of 9.42 and a beta of 1.65. Chewy has a 1-year low of $26.28 and a 1-year high of $48.62.

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

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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