Wealth Alliance LLC Acquires Shares of 5,101 Chewy $CHWY

Wealth Alliance LLC bought a new position in shares of Chewy (NYSE:CHWY) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,101 shares of the company’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC grew its position in Chewy by 72.4% during the first quarter. Cerity Partners LLC now owns 29,711 shares of the company’s stock worth $966,000 after buying an additional 12,481 shares in the last quarter. Arizona State Retirement System raised its holdings in Chewy by 2.9% in the 1st 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 in the last quarter. CWM LLC lifted its position 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 acquiring an additional 801 shares during the period. Signaturefd LLC grew its holdings in shares of Chewy by 14.6% during the 1st quarter. Signaturefd LLC now owns 3,420 shares of the company’s stock worth $111,000 after purchasing an additional 436 shares in the last quarter. Finally, Dakota Wealth Management bought a new position in shares of Chewy in the first quarter worth $402,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Chewy Price Performance

Shares of Chewy stock opened at $33.52 on Friday. The company’s 50 day moving average price is $36.71 and its two-hundred day moving average price is $39.16. The firm has a market capitalization of $13.91 billion, a P/E ratio of 95.78, a P/E/G ratio of 8.28 and a beta of 1.67. Chewy has a fifty-two week low of $29.83 and a fifty-two week high of $48.62.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, September 10th. The company reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $3.08 billion. During the same period in the prior year, the company earned $0.24 EPS. Chewy’s revenue 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, analysts expect that Chewy will post 0.24 earnings per share for the current year.

Insider Buying and Selling at Chewy

In related news, CEO Sumit Singh sold 16,289 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were 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 owned 563,408 shares in the company, valued at $18,434,709.76. This trade represents a 2.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Satish Mehta sold 4,642 shares of Chewy stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $32.65, for a total transaction of $151,561.30. Following the sale, the chief technology officer owned 229,702 shares in the company, valued at approximately $7,499,770.30. This represents a 1.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 27,629 shares of company stock worth $903,696. 0.43% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on CHWY. Royal Bank Of Canada dropped their price target on Chewy from $44.00 to $43.00 and set an “outperform” rating for the company in a research note on Thursday, September 11th. Wedbush restated an “outperform” rating and issued a $45.00 target price on shares of Chewy in a research report on Thursday, September 11th. JPMorgan Chase & Co. cut their price target on shares of Chewy from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, September 11th. Morgan Stanley decreased their price objective on shares of Chewy from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Thursday, September 11th. Finally, Mizuho restated an “outperform” rating and set a $50.00 target price on shares of Chewy in a research note on Tuesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.84.

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.