Legacy Trust Sells 16,715 Shares of Chewy $CHWY

Key Points

• Legacy Trust has reduced its stake in Chewy by 13.0%, selling 16,715 shares, and now holds 112,169 shares valued at approximately $4.78 million.
• Chewy reported $0.14 EPS for the last quarter, missing the consensus estimate of $0.33, while revenues increased by 8.6% year-over-year to $3.10 billion.
• Chewy's current consensus rating is "Moderate Buy" with an average price target of $45.84 following recent analyst reports adjusting price targets downward.

Legacy Trust lessened its position in Chewy (NYSE:CHWY - Free Report) by 13.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 112,169 shares of the company's stock after selling 16,715 shares during the period. Legacy Trust's holdings in Chewy were worth $4,781,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CHWY. BC Partners PE LP bought a new stake in Chewy in the first quarter valued at approximately $7,142,402,000. Assenagon Asset Management S.A. acquired a new position in shares of Chewy in the first quarter valued at approximately $61,390,000. AQR Capital Management LLC boosted its holdings in shares of Chewy by 3,005.1% in the first quarter. AQR Capital Management LLC now owns 1,398,580 shares of the company's stock valued at $44,041,000 after buying an additional 1,353,539 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Chewy by 426.1% in the first quarter. Ameriprise Financial Inc. now owns 1,189,957 shares of the company's stock valued at $38,686,000 after buying an additional 963,780 shares during the period. Finally, Neuberger Berman Group LLC boosted its holdings in shares of Chewy by 35.7% in the first quarter. Neuberger Berman Group LLC now owns 2,304,006 shares of the company's stock valued at $74,903,000 after buying an additional 606,526 shares during the period. Institutional investors own 93.09% of the company's stock.

Analyst Ratings Changes

CHWY has been the subject of several research analyst reports. Citigroup reduced their price target on shares of Chewy from $49.00 to $48.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Barclays reduced their price target on shares of Chewy from $50.00 to $47.00 and set an "overweight" rating for the company in a report on Thursday, September 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of Chewy in a report on Saturday, September 27th. Royal Bank Of Canada reduced their price target on shares of Chewy from $44.00 to $43.00 and set an "outperform" rating for the company in a report on Thursday, September 11th. Finally, Guggenheim reiterated a "buy" rating and issued a $45.00 price target (up previously from $42.00) on shares of Chewy in a report on Thursday, June 12th. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $45.84.

Chewy Trading Down 4.3%

Shares of CHWY opened at $37.55 on Friday. Chewy has a 12 month low of $26.28 and a 12 month high of $48.62. The firm has a fifty day simple moving average of $38.54 and a 200 day simple moving average of $38.79. The stock has a market capitalization of $15.58 billion, a price-to-earnings ratio of 107.30, a PEG ratio of 9.32 and a beta of 1.62.

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

Insider Buying and Selling

In related news, CEO Sumit Singh sold 29,557 shares of the stock in a transaction on 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 completion of 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 SEC, which can be accessed through this hyperlink. Also, CTO Satish Mehta sold 8,727 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $35.82, for a total transaction of $312,601.14. Following the completion of the sale, the chief technology officer owned 276,467 shares of the company's stock, valued at approximately $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 sold 68,657 shares of company stock worth $2,444,311. 0.43% of the stock is owned by insiders.

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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