Occidental Asset Management LLC bought a new position in shares of Chewy (NYSE:CHWY - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,588 shares of the company's stock, valued at approximately $409,000.
Other large investors have also made changes to their positions in the company. Liberty One Investment Management LLC increased its holdings in shares of 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 purchasing an additional 314 shares during the last quarter. North Star Investment Management Corp. increased its stake in shares of Chewy by 26.6% in the 1st quarter. North Star Investment Management Corp. now owns 1,678 shares of the company's stock worth $55,000 after acquiring an additional 353 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Chewy by 2.3% during the 1st quarter. Federated Hermes Inc. now owns 15,685 shares of the company's stock worth $510,000 after acquiring an additional 354 shares during the period. Park Avenue Securities LLC raised its holdings in shares of Chewy by 5.3% during the 1st quarter. Park Avenue Securities LLC now owns 7,281 shares of the company's stock worth $237,000 after acquiring an additional 364 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Chewy by 13.7% during the 2nd quarter. GAMMA Investing LLC now owns 3,369 shares of the company's stock valued at $144,000 after acquiring an additional 405 shares during the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.
Chewy Trading Up 2.0%
Shares of NYSE CHWY opened at $38.30 on Wednesday. The stock has a market capitalization of $15.89 billion, a PE ratio of 109.41, a PEG ratio of 9.33 and a beta of 1.65. Chewy has a twelve month low of $26.28 and a twelve month high of $48.62. The stock has a fifty day simple moving average of $38.34 and a 200-day simple moving average of $38.43.
Chewy (NYSE:CHWY - Get Free Report) last posted 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 firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. Chewy had a return on equity of 50.45% and a net margin of 1.22%.Chewy's revenue was up 8.6% on a year-over-year basis. During the same period in the previous 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. On average, equities analysts predict that Chewy will post 0.24 earnings per share for the current year.
Insider Activity
In other Chewy news, CAO William G. Billings sold 20,142 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer owned 29,464 shares of the company's stock, valued at $1,048,034.48. This trade represents a 40.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $312,601.14. Following the sale, the chief technology officer directly 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 quarter, insiders sold 68,657 shares of company stock valued at $2,444,311. 0.43% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on CHWY shares. JPMorgan Chase & Co. cut their price objective on shares of Chewy from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Thursday, September 11th. Robert W. Baird reduced their price target on shares of Chewy from $52.00 to $48.00 and set an "outperform" rating on the stock in a research report on Thursday, September 11th. TD Cowen decreased their price objective on Chewy from $50.00 to $48.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. Jefferies Financial Group reissued a "hold" rating and set a $43.00 target price (up previously from $41.00) on shares of Chewy in a research note on Thursday, June 5th. Finally, Seaport Res Ptn raised Chewy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $45.72.
View Our Latest Stock Report on CHWY
About Chewy
(
Free Report)
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.
Further Reading
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