Chewy $CHWY Holdings Lifted by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC raised its holdings in shares of Chewy (NYSE:CHWY) by 28.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,139 shares of the company’s stock after acquiring an additional 23,883 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Chewy were worth $4,652,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research analysts have commented on CHWY shares. JMP Securities restated a “market outperform” rating and issued a $48.00 target price on shares of Chewy in a research note on Thursday, September 11th. Robert W. Baird reduced their price target on Chewy from $52.00 to $48.00 and set an “outperform” rating for the company in a report on Thursday, September 11th. Mizuho upgraded Chewy from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $44.00 to $50.00 in a report on Monday, September 8th. Citigroup reduced their target price on shares of Chewy from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Finally, Wedbush reiterated an “outperform” rating and issued a $45.00 target price on shares of Chewy in a research note on Thursday, September 11th. Two equities research 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $45.84.

Chewy Trading Down 2.2%

Shares of Chewy stock opened at $36.17 on Thursday. The firm has a fifty day simple moving average of $39.01 and a 200-day simple moving average of $39.18. Chewy has a 1-year low of $26.28 and a 1-year high of $48.62. The stock has a market capitalization of $15.01 billion, a price-to-earnings ratio of 103.35, a PEG ratio of 9.20 and a beta of 1.62.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, September 10th. The company reported $0.14 earnings per share 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 analyst estimates of $3.08 billion. Chewy had a return on equity of 50.45% and a net margin of 1.22%.Chewy’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm 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, research analysts predict that Chewy will post 0.24 earnings per share for the current year.

Insider Activity

In other news, CTO Satish Mehta sold 8,727 shares of the stock in a transaction that occurred 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 completion of the sale, the chief technology officer directly owned 276,467 shares of the company’s stock, valued at approximately $9,903,047.94. This represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $716,450.94. Following the transaction, the chief accounting officer owned 29,464 shares of the company’s stock, valued at approximately $1,048,034.48. The trade was a 40.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 68,657 shares of company stock valued at $2,444,311. 0.43% of the stock is owned by company insiders.

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.