Thompson Investment Management Inc. Decreases Stake in Chewy $CHWY

Key Points

• Thompson Investment Management Inc. reduced its stake in Chewy by 88.7% in Q2, now holding 23,011 shares valued at approximately $981,000 after selling over 179,000 shares.
• Chewy's CEO and CTO both sold significant shares in early August, with insider sales totaling over $2.4 million in the past ninety days, reducing their positions by 5.19% and 3.06% respectively.
• Despite a positive revenue growth of 8.6% year-over-year, Chewy reported an EPS miss in its latest earnings report, with actual EPS of $0.14 against expectations of $0.33.

Thompson Investment Management Inc. lowered its position in shares of Chewy (NYSE:CHWY - Free Report) by 88.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,011 shares of the company's stock after selling 179,840 shares during the quarter. Thompson Investment Management Inc.'s holdings in Chewy were worth $981,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of CHWY. Blair William & Co. IL increased its position in shares of Chewy by 25.8% during the second quarter. Blair William & Co. IL now owns 1,069,463 shares of the company's stock valued at $45,581,000 after acquiring an additional 219,629 shares during the last quarter. US Bancorp DE grew its stake in Chewy by 2.5% in the 2nd quarter. US Bancorp DE now owns 40,251 shares of the company's stock valued at $1,715,000 after purchasing an additional 989 shares during the period. Hager Investment Management Services LLC raised its stake in shares of Chewy by 2,229.0% during the 2nd quarter. Hager Investment Management Services LLC now owns 6,917 shares of the company's stock worth $295,000 after purchasing an additional 6,620 shares during the period. Maryland State Retirement & Pension System purchased a new position in shares of Chewy in the 2nd quarter worth about $388,000. Finally, Louisiana State Employees Retirement System grew its position in Chewy by 30.4% during the second quarter. Louisiana State Employees Retirement System now owns 60,500 shares of the company's stock valued at $2,579,000 after buying an additional 14,100 shares during the period. 93.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Sumit Singh sold 29,557 shares of the business'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 $1,051,342.49. Following the completion of the sale, the chief executive officer directly owned 540,406 shares in the company, valued at approximately $19,222,241.42. The trade was a 5.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Satish Mehta sold 8,727 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $35.82, for a total transaction of $312,601.14. Following the transaction, the chief technology officer directly owned 276,467 shares in the company, valued at approximately $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 ninety days, insiders have sold 68,657 shares of company stock valued at $2,444,311. 0.43% of the stock is currently owned by corporate insiders.

Chewy Stock Up 2.1%

CHWY opened at $39.04 on Friday. The business's fifty day simple moving average is $38.69 and its 200 day simple moving average is $38.88. Chewy has a 52 week low of $26.28 and a 52 week high of $48.62. The stock has a market cap of $16.19 billion, a PE ratio of 111.54, a P/E/G ratio of 9.56 and a beta of 1.62.

Chewy (NYSE:CHWY - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $3.10 billion during the quarter, compared to analysts' expectations of $3.08 billion. Chewy had a return on equity of 50.45% and a net margin of 1.22%.Chewy's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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, equities analysts anticipate that Chewy will post 0.24 earnings per share for the current year.

Analyst Ratings Changes

CHWY has been the subject of a number of research reports. Robert W. Baird reduced their target price on shares of Chewy from $52.00 to $48.00 and set an "outperform" rating for the company in a research report on Thursday, September 11th. Seaport Res Ptn upgraded shares of Chewy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft upgraded Chewy from a "hold" rating to a "buy" rating and set a $45.00 price target for the company in a research report on Thursday, September 11th. Wedbush reiterated an "outperform" rating and set a $45.00 price target on shares of Chewy in a research report on Thursday, September 11th. Finally, Moffett Nathanson upgraded shares of Chewy from a "neutral" rating to a "buy" rating and set a $48.00 target price on the stock 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.

Want to see what other hedge funds are holding CHWY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chewy (NYSE:CHWY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.