Owen LaRue LLC Makes New Investment in Chewy $CHWY

Key Points

• Owen LaRue LLC acquired 27,489 shares of Chewy valued at approximately $1.17 million in the second quarter, indicating growing institutional interest in the company.
• Chewy reported $0.14 EPS for the latest quarter, missing estimates, though revenue increased by 8.6% year-over-year to $3.1 billion.
• Analyst ratings for Chewy include a mix of "Strong Buy" and "Buy" designations, with a current average price target of $45.84.

Owen LaRue LLC purchased a new position in shares of Chewy (NYSE:CHWY - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 27,489 shares of the company's stock, valued at approximately $1,172,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Liberty One Investment Management LLC grew its holdings in Chewy by 4.7% during the 1st quarter. Liberty One Investment Management LLC now owns 7,051 shares of the company's stock worth $229,000 after acquiring an additional 314 shares in the last quarter. North Star Investment Management Corp. boosted its holdings 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 valued at $55,000 after buying an additional 353 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Chewy by 2.3% in the 1st 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 holdings in shares of Chewy by 5.3% in the 1st 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 holdings in shares of Chewy by 13.7% in the 2nd 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.

Analyst Ratings Changes

Several brokerages have recently issued reports on CHWY. Evercore ISI set a $52.00 target price on shares of Chewy and gave the company an "outperform" rating in a report on Thursday, June 12th. UBS Group lowered their target price on shares of Chewy from $46.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, September 11th. Seaport Res Ptn upgraded shares of Chewy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 10th. Cowen restated a "buy" rating on shares of Chewy in a report on Friday, June 6th. Finally, Barclays lowered their target price 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. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Chewy currently has an average rating of "Moderate Buy" and an average price target of $45.84.

Chewy Price Performance

Shares of NYSE:CHWY opened at $37.92 on Friday. The stock has a market cap of $15.73 billion, a P/E ratio of 108.33, a P/E/G ratio of 9.29 and a beta of 1.65. The firm has a fifty day moving average price of $38.33 and a 200 day moving average price of $38.47. Chewy has a 1-year low of $26.28 and a 1-year 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.19). The business 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%.The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. Sell-side analysts expect that Chewy will post 0.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other Chewy news, CEO Sumit Singh sold 29,557 shares of the company's 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO William G. Billings sold 20,142 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $35.57, for a total transaction 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. The trade was a 40.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, 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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