Tidal Investments LLC Has $2.60 Million Stock Holdings in Chewy $CHWY

Tidal Investments LLC grew its holdings in shares of Chewy (NYSE:CHWY) by 30.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,549 shares of the company’s stock after purchasing an additional 30,729 shares during the quarter. Tidal Investments LLC’s holdings in Chewy were worth $2,605,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of CHWY. Norges Bank acquired a new position in shares of Chewy during the 4th quarter valued at about $154,647,000. Geode Capital Management LLC grew its position in Chewy by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 4,432,257 shares of the company’s stock worth $146,515,000 after purchasing an additional 145,539 shares during the last quarter. Bank of New York Mellon Corp grew its position in Chewy by 17.4% during the fourth quarter. Bank of New York Mellon Corp now owns 4,336,629 shares of the company’s stock worth $143,326,000 after buying an additional 642,584 shares in the last quarter. Bank of America Corp DE increased its position in shares of Chewy by 12.7% during the first quarter. Bank of America Corp DE now owns 4,816,924 shares of the company’s stock valued at $130,057,000 after purchasing an additional 542,298 shares during the period. Finally, Fiera Capital Corp raised its stake in shares of Chewy by 32.9% in the 4th quarter. Fiera Capital Corp now owns 2,020,384 shares of the company’s stock valued at $66,774,000 after buying an additional 499,941 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insider Buying and Selling

In other Chewy news, General Counsel Da-Wai Hu sold 4,203 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $19.49, for a total transaction of $81,916.47. Following the completion of the sale, the general counsel directly owned 4,103 shares of the company’s stock, valued at approximately $79,967.47. The trade was a 50.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.34% of the stock is currently owned by insiders.

Key Stories Impacting Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Q2 earnings call highlighted profitable growth. Chewy emphasized continued revenue expansion, improving profitability and execution across its core pet-commerce business. Its Autoship subscription program remains a major retention and recurring-revenue advantage. Chewy Inc Earnings Call Highlights Profitable Growth
• Positive Sentiment: AI investments could support margins. Chewy is applying artificial intelligence in customer care, pharmacy and operations, with potential productivity gains and cost savings that could expand margins over time. Chewy Leverages AI for Productivity Gains and Margin Expansion
• Positive Sentiment: Wall Street sentiment remains favorable. Analyst views cited in recent coverage are broadly bullish, while comparisons with CAVA and TJX highlight Chewy’s strong position in online pet retail and the attractive retention economics of its subscription model. Wall Street Bullish Views on Chewy
• Neutral Sentiment: Recent investor attention has increased. Chewy’s presentation at the Goldman Sachs Global Consumer and Retail Conference provided additional visibility into its strategy, but the transcript did not introduce a major new catalyst. Chewy Goldman Sachs Conference Transcript
• Negative Sentiment: Technical momentum remains weak. Shares are still substantially below their 12-month high and below both the 50-day and 200-day moving averages. Coverage also noted that CHWY remains down sharply for the year, which may keep investors cautious despite improving fundamentals. Did Chewy Stock Just Find a Bottom?

Chewy Stock Down 0.7%

Shares of CHWY opened at $21.21 on Wednesday. The business’s fifty day moving average price is $22.44 and its two-hundred day moving average price is $22.99. The firm has a market capitalization of $8.68 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 0.88 and a beta of 1.42. Chewy has a 52 week low of $17.40 and a 52 week high of $40.55. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.42 and a current ratio of 0.84.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, September 9th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.18. Chewy had a return on equity of 60.88% and a net margin of 2.09%.The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts predict that Chewy will post 0.77 earnings per share for the current year.

Analysts Set New Price Targets

CHWY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on Chewy from $45.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, June 11th. Royal Bank Of Canada dropped their price target on Chewy from $34.00 to $31.00 and set an “outperform” rating for the company in a report on Thursday, September 10th. Barclays reduced their price objective on Chewy from $40.00 to $36.00 and set an “overweight” rating on the stock in a research note on Thursday, June 11th. Wolfe Research reaffirmed an “outperform” rating and issued a $27.00 price target on shares of Chewy in a report on Thursday, June 11th. Finally, Robert W. Baird reduced their price target on shares of Chewy from $30.00 to $28.00 and set an “outperform” rating on the stock in a research report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $30.64.

About Chewy

Chewy, Inc is an e-commerce company focused on pet products and services. Through its website and mobile applications, the company sells pet food, treats, supplies, toys, bedding, medications, and other products for dogs, cats, fish, birds, reptiles, and small pets.

Chewy supports recurring purchases through its Autoship program and provides access to prescription and over-the-counter pet medications through Chewy Pharmacy. The company also offers pet health-related services, including veterinary consultations in certain markets, and sells products under a range of national and private-label brands.