Voya Investment Management LLC Has $134.82 Million Stock Holdings in Chewy $CHWY

Voya Investment Management LLC raised its stake in shares of Chewy (NYSE:CHWY) by 8.2% during the 1st quarter, HoldingsChannel reports. The firm owned 4,146,973 shares of the company’s stock after purchasing an additional 312,795 shares during the quarter. Voya Investment Management LLC’s holdings in Chewy were worth $134,818,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Liberty One Investment Management LLC boosted its position in shares of Chewy by 4.7% in the first quarter. Liberty One Investment Management LLC now owns 7,051 shares of the company’s stock valued at $229,000 after acquiring an additional 314 shares during the period. North Star Investment Management Corp. boosted its position in shares of Chewy by 26.6% in the first quarter. North Star Investment Management Corp. now owns 1,678 shares of the company’s stock valued at $55,000 after acquiring an additional 353 shares during the period. 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 valued at $510,000 after acquiring an additional 354 shares during the period. Park Avenue Securities LLC boosted its position 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 valued at $237,000 after acquiring an additional 364 shares during the period. Finally, Signaturefd LLC boosted its position in shares of 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 acquiring an additional 436 shares during the period. 93.09% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Chewy news, CAO William G. Billings sold 20,142 shares of Chewy stock in a transaction on Monday, August 4th. The stock was sold at an average price of $35.57, for a total transaction of $716,450.94. Following the completion of the transaction, the chief accounting officer directly owned 29,464 shares of the company’s stock, valued at approximately $1,048,034.48. This trade represents a 40.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of Chewy stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $41.75, for a total value of $1,250,000,010.00. The disclosure for this sale can be found here. Insiders sold a total of 30,008,777 shares of company stock valued at $1,252,444,321 in the last ninety days. Insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

CHWY has been the subject of several research reports. JMP Securities reissued a “market outperform” rating and issued a $48.00 price objective on shares of Chewy in a research report on Thursday. Guggenheim reissued a “buy” rating and issued a $45.00 price objective (up from $42.00) on shares of Chewy in a research report on Thursday, June 12th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $43.00 target price (up from $41.00) on shares of Chewy in a research report on Thursday, June 5th. Citigroup reduced their target price on Chewy from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Barclays reduced their target price on Chewy from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $45.72.

Chewy Stock Performance

Shares of NYSE CHWY opened at $34.72 on Friday. The stock has a market cap of $14.42 billion, a PE ratio of 99.20, a PEG ratio of 7.54 and a beta of 1.65. The business has a fifty day moving average of $38.47 and a two-hundred day moving average of $38.30. Chewy has a 52-week low of $26.28 and a 52-week high of $48.62.

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