Vestmark Advisory Solutions Inc. Invests $245,000 in Chewy $CHWY

Vestmark Advisory Solutions Inc. acquired a new stake in shares of Chewy (NYSE:CHWY) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,753 shares of the company’s stock, valued at approximately $245,000.

A number of other institutional investors also recently modified their holdings of the stock. Cerity Partners LLC increased its position in Chewy by 72.4% in the 1st quarter. Cerity Partners LLC now owns 29,711 shares of the company’s stock worth $966,000 after purchasing an additional 12,481 shares during the last quarter. State of Michigan Retirement System raised its position in Chewy by 1.5% during the first quarter. State of Michigan Retirement System now owns 39,600 shares of the company’s stock valued at $1,287,000 after acquiring an additional 600 shares in the last quarter. Arizona State Retirement System lifted its stake in Chewy by 2.9% in the first quarter. Arizona State Retirement System now owns 53,781 shares of the company’s stock valued at $1,748,000 after acquiring an additional 1,522 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Chewy by 1.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 46,400 shares of the company’s stock worth $1,508,000 after purchasing an additional 700 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Chewy by 36.6% during the 1st quarter. CWM LLC now owns 2,988 shares of the company’s stock valued at $97,000 after purchasing an additional 801 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CHWY. Citigroup dropped their price target on shares of Chewy from $49.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. UBS Group lowered their price objective on Chewy from $46.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, September 11th. Wedbush reissued an “outperform” rating and set a $45.00 price objective on shares of Chewy in a report on Thursday, September 11th. Barclays reduced their target price on shares of Chewy from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Chewy in a report on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Chewy presently has an average rating of “Moderate Buy” and an average target price of $45.84.

Insider Buying and Selling at Chewy

In related news, CAO William G. Billings sold 1,121 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 transaction of $36,679.12. Following the sale, the chief accounting officer owned 31,045 shares in the company, valued at $1,015,792.40. The trade was a 3.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Satish Mehta sold 4,642 shares of the company’s stock in a transaction that occurred 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 transaction, the chief technology officer directly owned 229,702 shares of the company’s stock, valued at $7,499,770.30. This represents a 1.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 27,629 shares of company stock valued at $903,696 in the last three months. Corporate insiders own 0.43% of the company’s stock.

Chewy Stock Up 0.8%

Shares of CHWY opened at $33.27 on Thursday. The company has a 50 day moving average of $37.04 and a 200-day moving average of $39.22. The stock has a market capitalization of $13.80 billion, a P/E ratio of 94.70, a P/E/G ratio of 8.29 and a beta of 1.67. Chewy has a twelve month low of $29.83 and a twelve month high of $48.62.

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

Chewy Profile

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.