Chewy $CHWY Stock Position Trimmed by Northern Trust Corp

Key Points

• Northern Trust Corp has reduced its stake in Chewy by 1.7%, owning approximately 905,508 shares valued at about $29.44 million as of its latest SEC filing.
• Chewy reported a quarterly EPS of $0.35, exceeding analysts' expectations, and its revenue increased by 6.3% year-over-year, reaching $3.12 billion.
• Institutional investors hold a dominant 93.09% of Chewy’s stock, indicating strong interest from hedge funds and large investment firms.

Northern Trust Corp lessened its stake in shares of Chewy (NYSE:CHWY - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 905,508 shares of the company's stock after selling 16,072 shares during the period. Northern Trust Corp owned 0.22% of Chewy worth $29,438,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of CHWY. Parallel Advisors LLC grew its stake in Chewy by 150.2% during the 1st quarter. Parallel Advisors LLC now owns 788 shares of the company's stock valued at $26,000 after acquiring an additional 473 shares in the last quarter. Banque Transatlantique SA purchased a new stake in shares of Chewy in the 4th quarter valued at approximately $30,000. Golden State Wealth Management LLC grew its stake in shares of Chewy by 104.6% in the 1st quarter. Golden State Wealth Management LLC now owns 941 shares of the company's stock valued at $31,000 after buying an additional 481 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in shares of Chewy in the 1st quarter valued at approximately $44,000. Finally, North Star Investment Management Corp. boosted its position in shares of Chewy by 26.6% during the 1st 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. Hedge funds and other institutional investors own 93.09% of the company's stock.

Insider Buying and Selling at Chewy

In other news, CAO William G. Billings sold 20,142 shares of the firm's stock in a transaction on Monday, August 4th. The shares were 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 approximately $1,048,034.48. This trade represents a 40.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of Chewy stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $41.75, for a total transaction of $1,250,000,010.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,008,777 shares of company stock worth $1,252,444,321. 0.43% of the stock is currently owned by insiders.

Chewy Trading Up 0.1%

Shares of Chewy stock traded up $0.05 during trading hours on Thursday, reaching $40.80. The stock had a trading volume of 2,559,209 shares, compared to its average volume of 6,272,625. The firm has a 50 day simple moving average of $38.89 and a two-hundred day simple moving average of $38.17. The firm has a market capitalization of $16.94 billion, a price-to-earnings ratio of 45.80, a P/E/G ratio of 8.55 and a beta of 1.65. Chewy has a 1 year low of $25.19 and a 1 year high of $48.62.

Chewy (NYSE:CHWY - Get Free Report) last issued its earnings results on Wednesday, June 11th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Chewy had a net margin of 3.21% and a return on equity of 35.04%. The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter last year, the firm posted $0.31 EPS. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. Chewy has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Chewy will post 0.24 EPS for the current year.

Analyst Ratings Changes

CHWY has been the topic of a number of research reports. Wall Street Zen lowered shares of Chewy from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. JPMorgan Chase & Co. upped their price target on Chewy from $36.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Mizuho downgraded Chewy from an "outperform" rating to a "neutral" rating and upped their price target for the company from $43.00 to $47.00 in a report on Monday, June 9th. Cowen reiterated a "buy" rating on shares of Chewy in a research note on Friday, June 6th. Finally, Citizens Jmp upgraded shares of Chewy to a "strong-buy" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.78.

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.