Redhawk Wealth Advisors Inc. Invests $1.79 Million in Chewy $CHWY

Key Points

• Redhawk Wealth Advisors Inc. has made a new investment in Chewy, acquiring 41,890 shares valued at approximately $1.79 million during the 2nd quarter.
• Chewy's most recent quarterly earnings reported an EPS of $0.14, missing analysts' expectations, but revenue increased by 8.6% year-over-year to $3.10 billion.
• Analyst ratings for Chewy show a consensus of "Moderate Buy" with a target price of $45.72, reflecting increased investor interest and multiple recent upgrades.

Redhawk Wealth Advisors Inc. acquired a new stake in shares of Chewy (NYSE:CHWY - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 41,890 shares of the company's stock, valued at approximately $1,785,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHWY. Liberty One Investment Management LLC lifted its stake in shares of Chewy by 4.7% during the 1st quarter. Liberty One Investment Management LLC now owns 7,051 shares of the company's stock valued at $229,000 after buying an additional 314 shares in the last quarter. North Star Investment Management Corp. increased 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 worth $55,000 after buying an additional 353 shares during the last quarter. Federated Hermes Inc. boosted its stake 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 purchasing an additional 354 shares in the last quarter. Park Avenue Securities LLC boosted its position in Chewy by 5.3% during 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 during the period. Finally, Signaturefd LLC lifted its position in shares of Chewy by 14.6% in the 1st quarter. Signaturefd LLC now owns 3,420 shares of the company's stock worth $111,000 after purchasing an additional 436 shares during the period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Chewy

In other Chewy news, CTO Satish Mehta sold 8,727 shares of the firm'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 transaction, the chief technology officer owned 276,467 shares in the company, valued at approximately $9,903,047.94. This trade represents a 3.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 completion of the transaction, the chief accounting officer owned 29,464 shares in the company, valued at $1,048,034.48. The trade was a 40.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,008,777 shares of company stock worth $1,252,444,321. Company insiders own 0.43% of the company's stock.

Chewy Stock Performance

Shares of NYSE:CHWY traded down $0.85 during midday trading on Monday, reaching $37.64. 6,472,387 shares of the company's stock traded hands, compared to its average volume of 9,153,597. Chewy has a 1 year low of $26.28 and a 1 year high of $48.62. The company has a market cap of $15.61 billion, a P/E ratio of 107.54, a PEG ratio of 9.56 and a beta of 1.65. The company has a fifty day simple moving average of $38.34 and a two-hundred day simple moving average of $38.44.

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 analysts' consensus estimates of $0.33 by ($0.19). Chewy had a net margin of 1.22% and a return on equity of 50.45%. The business had revenue of $3.10 billion for the quarter, compared to analysts' expectations of $3.08 billion. During the same quarter last year, the business earned $0.24 EPS. The company's quarterly revenue was up 8.6% on a year-over-year basis. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. As a group, research analysts forecast that Chewy will post 0.24 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on CHWY. Royal Bank Of Canada reduced their price objective on shares of Chewy from $44.00 to $43.00 and set an "outperform" rating for the company in a research note on Thursday, September 11th. Seaport Res Ptn raised shares of Chewy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 10th. Wedbush reaffirmed an "outperform" rating and set a $45.00 price target on shares of Chewy in a report on Thursday, September 11th. Morgan Stanley lowered their price target on shares of Chewy from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Thursday, September 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Chewy from a "hold" rating to a "buy" rating and set a $45.00 price target on the stock in a report on Thursday, September 11th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $45.72.

Chewy Company 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.