Hager Investment Management Services LLC Acquires 6,620 Shares of Chewy $CHWY

Key Points

• Hager Investment Management Services LLC significantly increased its holdings in Chewy by 2,229.0%, acquiring an additional 6,620 shares during the 2nd quarter, bringing its total to 6,917 shares valued at approximately $295,000.
• Chewy's recent quarterly earnings showed a loss of $0.19 EPS compared to analyst predictions, although its revenue increased by 8.6% year-over-year, reaching $3.10 billion.
• Major institutional investors now hold 93.09% of Chewy's stock, indicating strong confidence in the company's future, despite a mixed outlook from analysts.

Hager Investment Management Services LLC lifted its holdings in shares of Chewy (NYSE:CHWY - Free Report) by 2,229.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,917 shares of the company's stock after purchasing an additional 6,620 shares during the quarter. Hager Investment Management Services LLC's holdings in Chewy were worth $295,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Liberty One Investment Management LLC boosted its position in Chewy by 4.7% in the first quarter. Liberty One Investment Management LLC now owns 7,051 shares of the company's stock valued at $229,000 after buying an additional 314 shares in the last quarter. North Star Investment Management Corp. boosted its position in Chewy by 26.6% in the first quarter. North Star Investment Management Corp. now owns 1,678 shares of the company's stock valued at $55,000 after buying an additional 353 shares in the last quarter. Federated Hermes Inc. boosted its position in Chewy by 2.3% in the first quarter. Federated Hermes Inc. now owns 15,685 shares of the company's stock valued at $510,000 after buying an additional 354 shares in the last quarter. Park Avenue Securities LLC boosted its position in Chewy by 5.3% in the first quarter. Park Avenue Securities LLC now owns 7,281 shares of the company's stock valued at $237,000 after buying an additional 364 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Chewy by 13.7% in the second quarter. GAMMA Investing LLC now owns 3,369 shares of the company's stock valued at $144,000 after buying an additional 405 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company's stock.

Insider Activity

In other news, 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 owned 540,406 shares in the company, valued at approximately $19,222,241.42. This represents a 5.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Satish Mehta sold 8,727 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were 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 in the company, valued at $9,903,047.94. This represents a 3.06% 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 worth $2,444,311. Company insiders own 0.43% of the company's stock.

Wall Street Analyst Weigh In

CHWY has been the topic of a number of research analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of Chewy in a research report on Wednesday. Mizuho raised shares of Chewy from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $44.00 to $50.00 in a research note on Monday, September 8th. UBS Group reduced their price objective on shares of Chewy from $46.00 to $43.00 and set a "neutral" rating on the stock in a research note on Thursday, September 11th. Deutsche Bank Aktiengesellschaft raised shares of Chewy from a "hold" rating to a "buy" rating and set a $45.00 price objective on the stock in a research note on Thursday, September 11th. Finally, Robert W. Baird reduced their price objective on shares of Chewy from $52.00 to $48.00 and set an "outperform" rating on the stock in a research note on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $45.84.

Chewy Trading Up 1.7%

Shares of CHWY opened at $38.27 on Thursday. The stock has a market capitalization of $15.88 billion, a P/E ratio of 109.34, a price-to-earnings-growth ratio of 9.41 and a beta of 1.62. The firm's fifty day simple moving average is $38.64 and its two-hundred day simple moving average is $38.85. Chewy has a 12 month low of $26.28 and a 12 month high of $48.62.

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