Chewy $CHWY Shares Sold by Tompkins Financial Corp

Key Points

• Tompkins Financial Corp reduced its stake in Chewy by 89.1%, selling 8,223 shares, leaving it with only 1,010 shares valued at approximately $43,000.
• Institutional investors hold 93.09% of Chewy's stock, with notable acquisitions in the first quarter by several firms, including Aigen Investment Management and Jefferies Financial Group.
• Chewy's Q2 earnings missed estimates, reporting $0.14 per share against a consensus of $0.33, though revenue grew by 8.6% year-over-year to $3.10 billion.

Tompkins Financial Corp trimmed its stake in Chewy (NYSE:CHWY - Free Report) by 89.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,010 shares of the company's stock after selling 8,223 shares during the period. Tompkins Financial Corp's holdings in Chewy were worth $43,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Liberty One Investment Management LLC raised its stake in shares of Chewy by 4.7% in the 1st quarter. Liberty One Investment Management LLC now owns 7,051 shares of the company's stock valued at $229,000 after acquiring an additional 314 shares during the period. North Star Investment Management Corp. raised 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 valued at $55,000 after acquiring an additional 353 shares during the period. Federated Hermes Inc. increased its stake in 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 buying an additional 354 shares during the period. Park Avenue Securities LLC increased its stake in 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 buying an additional 364 shares during the period. Finally, Signaturefd LLC increased its stake in Chewy by 14.6% during the 1st quarter. Signaturefd LLC now owns 3,420 shares of the company's stock worth $111,000 after buying an additional 436 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Chewy from a "buy" rating to a "hold" rating in a research note on Sunday. Deutsche Bank Aktiengesellschaft raised shares of Chewy from a "hold" rating to a "buy" rating and set a $45.00 target price on the stock in a research note on Thursday, September 11th. Wedbush reaffirmed an "outperform" rating and set a $45.00 target price on shares of Chewy in a research note on Thursday, September 11th. Royal Bank Of Canada cut their target price on shares of Chewy from $44.00 to $43.00 and set an "outperform" rating on the stock in a research note on Thursday, September 11th. Finally, Robert W. Baird cut their target price on shares of Chewy from $52.00 to $48.00 and set an "outperform" rating on the stock in a research note on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $45.72.

Chewy Stock Performance

Shares of NYSE:CHWY traded down $0.85 during trading hours on Monday, reaching $37.64. The stock had a trading volume of 6,472,387 shares, compared to its average volume of 9,153,597. The firm's 50 day moving average is $38.34 and its 200-day moving average is $38.44. Chewy has a 1 year low of $26.28 and a 1 year high of $48.62. The stock has a market capitalization of $15.61 billion, a price-to-earnings ratio of 107.54, a P/E/G ratio of 9.56 and a beta of 1.65.

Chewy (NYSE:CHWY - Get Free Report) last issued 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). Chewy had a net margin of 1.22% and a return on equity of 50.45%. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the previous year, the company posted $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. Analysts forecast that Chewy will post 0.24 EPS for the current year.

Insider Activity at Chewy

In other news, CAO William G. Billings sold 20,142 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 value of $716,450.94. Following the completion of the transaction, the chief accounting officer owned 29,464 shares in the company, valued at approximately $1,048,034.48. This represents a 40.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of the company's stock in a transaction on Wednesday, June 25th. The shares were 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 have sold 30,008,777 shares of company stock worth $1,252,444,321. Corporate insiders own 0.43% of the company's stock.

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.