Greenwood Capital Associates LLC Takes $542,000 Position in Chewy $CHWY

Greenwood Capital Associates LLC acquired a new position in Chewy (NYSE:CHWY) during the second quarter, Holdings Channel.com reports. The firm acquired 12,717 shares of the company’s stock, valued at approximately $542,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. AMI Asset Management Corp grew its stake in Chewy by 42.0% during the 2nd quarter. AMI Asset Management Corp now owns 834,489 shares of the company’s stock valued at $35,566,000 after purchasing an additional 246,993 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Chewy by 33.1% in the second quarter. Janney Montgomery Scott LLC now owns 72,065 shares of the company’s stock worth $3,071,000 after acquiring an additional 17,911 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Chewy by 27.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 24,690 shares of the company’s stock worth $1,052,000 after purchasing an additional 5,270 shares during the period. ST Germain D J Co. Inc. bought a new position in Chewy during the 2nd quarter worth $139,000. Finally, Owen LaRue LLC bought a new position in Chewy during the 2nd quarter worth $1,172,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Chewy

In related news, CAO William G. Billings sold 20,142 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 transaction of $716,450.94. Following the transaction, the chief accounting officer directly owned 29,464 shares of the company’s stock, valued at $1,048,034.48. The trade was a 40.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Satish Mehta sold 8,727 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $35.82, for a total transaction of $312,601.14. Following the transaction, the chief technology officer owned 276,467 shares of the company’s stock, valued at approximately $9,903,047.94. This trade represents a 3.06% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,657 shares of company stock valued at $2,444,311. Corporate insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

CHWY has been the topic of several recent research reports. Cowen reiterated a “buy” rating on shares of Chewy in a research report on Friday, June 6th. Mizuho upgraded shares of Chewy from a “neutral” rating to an “outperform” rating and raised their price target for the company from $44.00 to $50.00 in a research note on Monday, September 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Chewy in a report on Saturday, September 27th. Morgan Stanley decreased their price objective on Chewy from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday, September 11th. Finally, UBS Group reduced their price target on Chewy from $46.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Chewy presently has an average rating of “Moderate Buy” and an average price target of $45.84.

Chewy Price Performance

Chewy stock opened at $37.55 on Friday. The firm has a 50 day simple moving average of $38.54 and a 200-day simple moving average of $38.74. The stock has a market capitalization of $15.58 billion, a PE ratio of 107.30, a price-to-earnings-growth ratio of 9.75 and a beta of 1.62. Chewy has a 12-month low of $26.28 and a 12-month high of $48.62.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, September 10th. The company reported $0.14 earnings per share 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 analyst estimates of $3.08 billion. Chewy had a return on equity of 50.45% and a net margin of 1.22%.The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $0.24 earnings per share. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. On average, analysts forecast that Chewy will post 0.24 earnings per share for the current fiscal 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.