KBC Group NV Sells 2,752 Shares of Chewy $CHWY

KBC Group NV lessened its stake in Chewy (NYSE:CHWY) by 34.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,218 shares of the company’s stock after selling 2,752 shares during the period. KBC Group NV’s holdings in Chewy were worth $222,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CHWY. BC Partners PE LP acquired a new position in Chewy in the 1st quarter valued at approximately $7,142,402,000. Voya Investment Management LLC increased its position 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 valued at $134,818,000 after purchasing an additional 312,795 shares during the period. Neuberger Berman Group LLC increased its position 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 valued at $74,903,000 after purchasing an additional 606,526 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Chewy by 224.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,892,344 shares of the company’s stock valued at $79,214,000 after purchasing an additional 1,308,343 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in Chewy by 21.0% in the second quarter. Allianz Asset Management GmbH now owns 1,422,298 shares of the company’s stock worth $60,618,000 after purchasing an additional 247,318 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on CHWY. JMP Securities reissued a “market outperform” rating and issued a $48.00 price target on shares of Chewy in a report on Thursday, September 11th. Royal Bank Of Canada lowered 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. Mizuho reissued an “outperform” rating and issued a $50.00 price target on shares of Chewy in a research report on Tuesday, November 4th. Wedbush restated an “outperform” rating and set a $45.00 price target on shares of Chewy in a research note on Thursday, September 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded Chewy from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock 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 given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.84.

Chewy Stock Down 0.4%

Shares of Chewy stock opened at $34.54 on Wednesday. Chewy has a 12-month low of $29.83 and a 12-month high of $48.62. The stock has a market capitalization of $14.33 billion, a P/E ratio of 98.69, a price-to-earnings-growth ratio of 8.57 and a beta of 1.67. The company has a 50-day simple moving average of $36.42 and a 200 day simple moving average of $39.16.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, September 10th. The company reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Chewy had a net margin of 1.22% and a return on equity of 50.45%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. On average, equities analysts anticipate that Chewy will post 0.24 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO William G. Billings sold 1,121 shares of the 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 owned 31,045 shares in the company, valued at approximately $1,015,792.40. This represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Satish Mehta sold 4,642 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $32.65, for a total value of $151,561.30. Following the completion of the sale, the chief technology officer owned 229,702 shares of the company’s stock, valued at approximately $7,499,770.30. This trade represents a 1.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,629 shares of company stock worth $903,696 in the last three months. Insiders own 0.43% of the company’s stock.

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.