Envestnet Asset Management Inc. Has $10.01 Million Stock Holdings in Chewy $CHWY

Envestnet Asset Management Inc. increased its holdings in shares of Chewy (NYSE:CHWY) by 19.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 234,829 shares of the company’s stock after acquiring an additional 37,687 shares during the period. Envestnet Asset Management Inc.’s holdings in Chewy were worth $10,008,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. N.E.W. Advisory Services LLC bought a new position in shares of Chewy during the 1st quarter worth approximately $44,000. Parallel Advisors LLC lifted its position in shares of Chewy by 73.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,365 shares of the company’s stock valued at $58,000 after acquiring an additional 577 shares during the period. Nisa Investment Advisors LLC boosted its stake in Chewy by 1,816.7% during the second quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the company’s stock worth $64,000 after acquiring an additional 1,417 shares in the last quarter. CWM LLC grew its holdings in Chewy by 36.6% in the first quarter. CWM LLC now owns 2,988 shares of the company’s stock worth $97,000 after purchasing an additional 801 shares during the period. Finally, Signaturefd LLC increased its stake in Chewy by 14.6% in the first quarter. Signaturefd LLC now owns 3,420 shares of the company’s stock valued at $111,000 after purchasing an additional 436 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.

Chewy Price Performance

CHWY opened at $33.70 on Monday. Chewy has a 1 year low of $29.83 and a 1 year high of $48.62. The company has a market capitalization of $13.98 billion, a price-to-earnings ratio of 96.29, a P/E/G ratio of 8.39 and a beta of 1.67. The firm’s fifty day moving average price is $37.46 and its two-hundred day moving average price is $39.31.

Chewy (NYSE:CHWY) last released its quarterly earnings results on Wednesday, September 10th. The company reported $0.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.33. 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 period last year, the firm earned $0.24 earnings per share. The firm’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. As a group, equities analysts anticipate that Chewy will post 0.24 EPS for the current year.

Analyst Ratings Changes

CHWY has been the topic of a number of research analyst reports. Morgan Stanley cut their price objective on shares of Chewy from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Wedbush reiterated an “outperform” rating and issued a $45.00 price target on shares of Chewy in a report on Thursday, September 11th. Citigroup reduced their price objective on Chewy from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Wall Street Zen lowered Chewy from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, TD Cowen cut their target price on Chewy from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.84.

Insiders Place Their Bets

In related news, CAO William G. Billings sold 1,121 shares of Chewy stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $32.72, for a total transaction of $36,679.12. Following the sale, the chief accounting officer directly owned 31,045 shares in the company, valued at approximately $1,015,792.40. This trade represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sumit Singh sold 16,289 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $32.72, for a total value of $532,976.08. Following the completion of the transaction, the chief executive officer directly owned 563,408 shares in the company, valued at approximately $18,434,709.76. This represents a 2.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,629 shares of company stock valued at $903,696 in the last 90 days. 0.43% of the stock is currently owned by corporate 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.