Generate Investment Management Ltd Has $4.88 Million Stock Holdings in Chewy $CHWY

Key Points

• Generate Investment Management Ltd reduced its stake in Chewy by 20.3%, now holding 114,454 shares worth approximately $4.88 million.
• Insider selling included CTO Satish Mehta and CAO William G. Billings, who sold shares on August 5th and August 4th, respectively, reducing their holdings significantly.
• Despite reporting a missed earnings estimate of $0.14 EPS, Chewy's revenue increased by 8.6% year-over-year, totaling $3.10 billion for the quarter.

Generate Investment Management Ltd lowered its stake in shares of Chewy (NYSE:CHWY - Free Report) by 20.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 114,454 shares of the company's stock after selling 29,109 shares during the period. Generate Investment Management Ltd's holdings in Chewy were worth $4,878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Liberty One Investment Management LLC raised its stake in Chewy by 4.7% during the 1st quarter. Liberty One Investment Management LLC now owns 7,051 shares of the company's stock worth $229,000 after buying an additional 314 shares during the period. North Star Investment Management Corp. raised its position 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 worth $55,000 after purchasing an additional 353 shares during the period. Federated Hermes Inc. raised its position in shares of Chewy by 2.3% during the first quarter. Federated Hermes Inc. now owns 15,685 shares of the company's stock worth $510,000 after purchasing an additional 354 shares during the period. Park Avenue Securities LLC lifted its holdings 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 worth $237,000 after purchasing an additional 364 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Chewy by 13.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,369 shares of the company's stock valued at $144,000 after purchasing an additional 405 shares during the period. Institutional investors own 93.09% of the company's stock.

Insiders Place Their Bets

In other news, CTO Satish Mehta sold 8,727 shares of the company's stock in a transaction 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 transaction, the chief technology officer owned 276,467 shares of the company's stock, valued at $9,903,047.94. This represents a 3.06% decrease in their position. The sale was disclosed in a filing 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 value of $716,450.94. Following the transaction, the chief accounting officer owned 29,464 shares of the company's stock, valued at $1,048,034.48. The trade was a 40.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,657 shares of company stock valued at $2,444,311. Company insiders own 0.43% of the company's stock.

Analyst Ratings Changes

CHWY has been the topic of several research reports. Robert W. Baird lowered their price objective on shares of Chewy from $52.00 to $48.00 and set an "outperform" rating on the stock in a report on Thursday, September 11th. Jefferies Financial Group restated a "hold" rating and issued a $43.00 target price (up previously from $41.00) on shares of Chewy in a report on Thursday, June 5th. Cowen reaffirmed a "buy" rating on shares of Chewy in a research report on Friday, June 6th. Wedbush reissued an "outperform" rating and set a $45.00 price objective on shares of Chewy in a report on Thursday, September 11th. Finally, Needham & Company LLC restated a "hold" rating on shares of Chewy in a report on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Chewy has an average rating of "Moderate Buy" and an average target price of $45.84.

Chewy Trading Up 4.5%

Shares of Chewy stock opened at $39.66 on Monday. The business's fifty day simple moving average is $38.34 and its 200 day simple moving average is $38.60. Chewy has a 12 month low of $26.28 and a 12 month high of $48.62. The firm has a market capitalization of $16.45 billion, a P/E ratio of 113.31, a price-to-earnings-growth ratio of 9.85 and a beta of 1.65.

Chewy (NYSE:CHWY - Get Free Report) last announced its earnings results on Wednesday, September 10th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.19). The business had revenue of $3.10 billion for the quarter, compared to analysts' expectations of $3.08 billion. Chewy had a net margin of 1.22% and a return on equity of 50.45%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior 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. Analysts predict that Chewy will post 0.24 EPS for the current fiscal year.

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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