Moran Wealth Management LLC Has $2.66 Million Stake in Chewy $CHWY

Key Points

• Moran Wealth Management LLC increased its stake in Chewy by 16.8%, holding 62,413 shares worth $2.66 million after acquiring additional shares in the second quarter.
• Chewy's earnings report showed an EPS of $0.14, missing the estimated $0.33, while revenue was $3.10 billion, exceeding expectations of $3.08 billion.
• Analysts have set a consensus rating of "Moderate Buy" for Chewy, with an average price target of $45.84 despite some lowering of price targets from firms like Citigroup and UBS.

Moran Wealth Management LLC increased its position in Chewy (NYSE:CHWY - Free Report) by 16.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,413 shares of the company's stock after purchasing an additional 8,983 shares during the period. Moran Wealth Management LLC's holdings in Chewy were worth $2,660,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHWY. Aigen Investment Management LP bought a new position in shares of Chewy in the first quarter valued at $791,000. Jefferies Financial Group Inc. acquired a new stake in shares of Chewy in the 1st quarter worth about $3,251,000. D.A. Davidson & CO. lifted its position in Chewy by 38.7% in the 1st quarter. D.A. Davidson & CO. now owns 43,725 shares of the company's stock valued at $1,422,000 after acquiring an additional 12,206 shares in the last quarter. Victory Capital Management Inc. lifted its position in Chewy by 74.5% in the 1st quarter. Victory Capital Management Inc. now owns 139,889 shares of the company's stock valued at $4,548,000 after acquiring an additional 59,711 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Chewy during the 1st quarter valued at about $11,326,000. Institutional investors own 93.09% of the company's stock.

Chewy Trading Down 0.8%

CHWY stock opened at $37.99 on Thursday. The stock's fifty day simple moving average is $38.95 and its two-hundred day simple moving average is $39.03. Chewy has a 1-year low of $26.28 and a 1-year high of $48.62. The stock has a market cap of $15.76 billion, a P/E ratio of 108.55, a P/E/G ratio of 9.58 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 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. As a group, analysts forecast that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Chewy news, CTO Satish Mehta sold 8,727 shares of Chewy stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $35.82, for a total value of $312,601.14. Following the sale, the chief technology officer owned 276,467 shares of the company's stock, valued at approximately $9,903,047.94. The trade was a 3.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sumit Singh sold 4,264 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $151,670.48. Following the transaction, the chief executive officer directly owned 72,549 shares of the company's stock, valued at $2,580,567.93. This represents a 5.55% decrease in their ownership of the stock. 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. Insiders own 0.43% of the company's stock.

Analysts Set New Price Targets

CHWY has been the subject of several analyst reports. Citigroup lowered their price objective on Chewy from $49.00 to $48.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. Needham & Company LLC reiterated a "hold" rating on shares of Chewy in a report on Thursday, September 11th. UBS Group lowered their price target on Chewy from $46.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, September 11th. Citizens Jmp raised shares of Chewy to a "strong-buy" rating in a report on Thursday, July 10th. Finally, Moffett Nathanson upgraded shares of Chewy from a "neutral" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Thursday, September 25th. Two equities research 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 company's stock. According to data from MarketBeat.com, Chewy has a consensus rating of "Moderate Buy" and an average price target 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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