Retireful LLC Lowers Position in Chewy $CHWY

Retireful LLC lessened its stake in shares of Chewy (NYSE:CHWY) by 29.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 23,619 shares of the company’s stock after selling 10,015 shares during the period. Retireful LLC’s holdings in Chewy were worth $1,007,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHWY. Liberty One Investment Management LLC lifted its position in shares of Chewy by 4.7% during the 1st quarter. Liberty One Investment Management LLC now owns 7,051 shares of the company’s stock valued at $229,000 after buying an additional 314 shares in the last quarter. North Star Investment Management Corp. lifted its holdings in Chewy by 26.6% during the first quarter. North Star Investment Management Corp. now owns 1,678 shares of the company’s stock valued at $55,000 after purchasing an additional 353 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Chewy by 2.3% in the first quarter. Federated Hermes Inc. now owns 15,685 shares of the company’s stock worth $510,000 after purchasing an additional 354 shares during the period. Park Avenue Securities LLC increased its stake in shares of Chewy by 5.3% in the first quarter. Park Avenue Securities LLC now owns 7,281 shares of the company’s stock worth $237,000 after purchasing an additional 364 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Chewy by 13.7% during the 2nd quarter. GAMMA Investing LLC now owns 3,369 shares of the company’s stock valued at $144,000 after purchasing an additional 405 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CHWY shares. Citigroup dropped their target price on shares of Chewy from $49.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Mizuho upgraded Chewy from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $44.00 to $50.00 in a research report on Monday, September 8th. Morgan Stanley cut their target price on Chewy from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. JMP Securities reissued a “market outperform” rating and set a $48.00 target price on shares of Chewy in a research note on Thursday, September 11th. Finally, Evercore ISI set a $52.00 price target on Chewy and gave the stock an “outperform” rating in a research note on Thursday, June 12th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $45.72.

Insider Buying and Selling at Chewy

In other news, CAO William G. Billings sold 20,142 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $716,450.94. Following the sale, the chief accounting officer directly owned 29,464 shares in the company, valued at approximately $1,048,034.48. This represents a 40.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sumit Singh sold 29,557 shares of Chewy stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $35.57, for a total value of $1,051,342.49. Following the completion of the transaction, the chief executive officer owned 540,406 shares of the company’s stock, valued at approximately $19,222,241.42. This represents a 5.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,657 shares of company stock worth $2,444,311 over the last 90 days. 0.43% of the stock is owned by insiders.

Chewy Trading Down 2.1%

NYSE:CHWY opened at $37.46 on Thursday. The business’s 50-day moving average is $38.33 and its 200 day moving average is $38.43. Chewy has a 12 month low of $26.28 and a 12 month high of $48.62. The company has a market capitalization of $15.54 billion, a P/E ratio of 107.04, a P/E/G ratio of 9.50 and a beta of 1.65.

Chewy (NYSE:CHWY) last released its quarterly earnings data 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). The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. Chewy had a return on equity of 50.45% and a net margin of 1.22%.The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. On average, research analysts forecast that Chewy will post 0.24 earnings per share for the current year.

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.