ProShare Advisors LLC decreased its position in shares of Chewy (NYSE:CHWY – Free Report) by 17.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 256,888 shares of the company’s stock after selling 53,224 shares during the period. ProShare Advisors LLC’s holdings in Chewy were worth $4,675,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Handelsbanken Fonder AB boosted its holdings in shares of Chewy by 0.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 82,700 shares of the company’s stock valued at $1,625,000 after purchasing an additional 500 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Chewy by 4.0% in the 2nd quarter. IFP Advisors Inc now owns 13,307 shares of the company’s stock valued at $261,000 after purchasing an additional 509 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Chewy by 8.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,302 shares of the company’s stock worth $197,000 after buying an additional 560 shares in the last quarter. 180 Wealth Advisors LLC raised its holdings in shares of Chewy by 7.7% during the 2nd quarter. 180 Wealth Advisors LLC now owns 10,764 shares of the company’s stock worth $212,000 after buying an additional 765 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Chewy by 106.8% during the 1st quarter. Parallel Advisors LLC now owns 1,584 shares of the company’s stock worth $43,000 after buying an additional 818 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.
Analyst Ratings Changes
CHWY has been the subject of several recent analyst reports. Zacks Research raised Chewy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Rosenblatt Securities dropped their price target on Chewy from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, September 10th. Royal Bank Of Canada cut their price target on Chewy from $34.00 to $31.00 and set an “outperform” rating on the stock in a report on Thursday, September 10th. UBS Group reaffirmed a “neutral” rating on shares of Chewy in a research report on Thursday, September 10th. Finally, Raymond James Financial raised their price objective on shares of Chewy from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.45.
Chewy Stock Down 1.6%
CHWY stock opened at $23.02 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.42 and a current ratio of 0.84. The company has a market capitalization of $9.25 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 0.97 and a beta of 1.33. Chewy has a fifty-two week low of $17.40 and a fifty-two week high of $37.34. The stock has a fifty day moving average of $20.82 and a 200-day moving average of $23.15.
Chewy (NYSE:CHWY – Get Free Report) last announced its quarterly earnings data on Wednesday, September 9th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.18. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Chewy had a return on equity of 60.88% and a net margin of 2.09%. Chewy’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $0.33 EPS. As a group, equities research analysts predict that Chewy will post 0.76 earnings per share for the current year.
More Chewy News
Here are the key news stories impacting Chewy this week:
- Positive Sentiment: Chewy launched its Spirited Paw pet-supplement line, which may broaden its pet-health offering and support growth in that category. Article: Chewy Stock Gets A Pet Supplements Boost With Spirited Paw Launch
- Positive Sentiment: Holiday-themed promotions could help Chewy attract seasonal shopping and engagement, though the article provides no sales figures. Article: Move Over, Santa—Chewy Claus Is Here to Spoil Your Pets This Holiday Season
- Neutral Sentiment: A comparison of Chewy and GameStop highlighted Chewy’s pet-health services and subscription-based revenue model as parts of its investment case, but offered no new company-specific results. Article: Chewy vs. GameStop: Which Consumer Stock Is a Better Buy for 2027?
- Negative Sentiment: CEO Sumit Singh sold 23,002 shares and Chief Accounting Officer William Billings sold 4,815 shares. The sales may weigh on sentiment, although both were made under pre-arranged Rule 10b5-1 plans; Singh retained a substantial stake. Article: Chewy CEO Sells Stock
Insiders Place Their Bets
In related news, CAO William G. Billings sold 17,283 shares of the stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $21.00, for a total value of $362,943.00. Following the completion of the transaction, the chief accounting officer directly owned 39,772 shares in the company, valued at $835,212. This trade represents a 30.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sumit Singh sold 23,002 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $21.40, for a total transaction of $492,242.80. Following the completion of the transaction, the chief executive officer owned 899,118 shares of the company’s stock, valued at approximately $19,241,125.20. The trade was a 2.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 48,328 shares of company stock valued at $1,035,010. 0.34% of the stock is owned by corporate insiders.
Chewy Company Profile
Chewy, Inc is an e-commerce company focused on pet products and services. Through its website and mobile platforms, the company sells pet food, treats, toys, supplies, and accessories for dogs, cats, fish, birds, reptiles, and other household pets.
Chewy also offers pet medications and veterinary-related products through its online pharmacy, as well as services such as Autoship subscriptions, which allow customers to schedule recurring deliveries. Its assortment includes national brands and private-label products, and the company emphasizes customer service, convenience, and personalized recommendations.
Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated as an online pet-food retailer before expanding into a broader pet-commerce platform.
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