Values First Advisors Inc. Acquires Shares of 13,938 Chewy $CHWY

Key Points

• Values First Advisors Inc. acquired 13,938 shares of Chewy (NYSE:CHWY) worth approximately $594,000, indicating growing institutional interest in the company.
• Chewy reported a net margin of 1.22% and revenue of $3.10 billion for the quarter, exceeding analyst estimates but missing on earnings per share with a reported EPS of $0.14.
• Analyst ratings for Chewy are predominantly positive, with a consensus price target of $45.84, featuring 20 buy ratings and 2 strong buy ratings among the assessed analysts.

Values First Advisors Inc. acquired a new stake in Chewy (NYSE:CHWY - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,938 shares of the company's stock, valued at approximately $594,000.

Other hedge funds have also made changes to their positions in the company. BC Partners PE LP purchased a new position in shares of Chewy during the first quarter worth about $7,142,402,000. Voya Investment Management LLC grew its holdings in shares of Chewy by 8.2% during the first quarter. Voya Investment Management LLC now owns 4,146,973 shares of the company's stock worth $134,818,000 after buying an additional 312,795 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Chewy by 35.7% during the first quarter. Neuberger Berman Group LLC now owns 2,304,006 shares of the company's stock worth $74,903,000 after buying an additional 606,526 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Chewy by 224.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,892,344 shares of the company's stock worth $79,214,000 after buying an additional 1,308,343 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of Chewy by 21.0% during the second quarter. Allianz Asset Management GmbH now owns 1,422,298 shares of the company's stock worth $60,618,000 after buying an additional 247,318 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company's stock.

Chewy Stock Up 0.3%

Shares of NYSE:CHWY opened at $38.08 on Friday. The company has a 50-day moving average price of $39.00 and a 200 day moving average price of $39.07. Chewy has a 52 week low of $26.28 and a 52 week high of $48.62. The company has a market cap of $15.80 billion, a P/E ratio of 108.80, a PEG ratio of 9.45 and a beta of 1.62.

Chewy (NYSE:CHWY - Get Free Report) last posted its quarterly 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 company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the previous year, the business posted $0.24 earnings per share. Chewy's 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 expect that Chewy will post 0.24 EPS for the current year.

Insider Activity

In other news, CTO Satish Mehta sold 8,727 shares of Chewy stock in a transaction that occurred 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 completion of the sale, the chief technology officer directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sumit Singh sold 4,264 shares of Chewy stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $151,670.48. Following the sale, the chief executive officer owned 72,549 shares of the company's stock, valued at approximately $2,580,567.93. The trade was a 5.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 68,657 shares of company stock worth $2,444,311. Company insiders own 0.43% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CHWY shares. Royal Bank Of Canada lowered their price target on Chewy from $44.00 to $43.00 and set an "outperform" rating on the stock in a report on Thursday, September 11th. Moffett Nathanson raised Chewy from a "neutral" rating to a "buy" rating and set a $48.00 price target on the stock in a report on Thursday, September 25th. JMP Securities reissued a "market outperform" rating and set a $48.00 price target on shares of Chewy in a report on Thursday, September 11th. Citigroup reduced their price objective on shares of Chewy from $49.00 to $48.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Finally, Seaport Res Ptn upgraded shares of Chewy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $45.84.

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.

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