Moran Wealth Management LLC Grows Position in Chewy $CHWY

Moran Wealth Management LLC grew its holdings in shares of Chewy (NYSE:CHWY) by 16.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,413 shares of the company’s stock after purchasing an additional 8,983 shares during the quarter. Moran Wealth Management LLC’s holdings in Chewy were worth $2,660,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CHWY. Aigen Investment Management LP bought a new position in Chewy in the 1st quarter worth approximately $791,000. Jefferies Financial Group Inc. purchased a new stake in shares of Chewy during the first quarter worth $3,251,000. D.A. Davidson & CO. lifted its position in shares of Chewy by 38.7% during the first quarter. D.A. Davidson & CO. now owns 43,725 shares of the company’s stock worth $1,422,000 after acquiring an additional 12,206 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Chewy by 74.5% in the first quarter. Victory Capital Management Inc. now owns 139,889 shares of the company’s stock worth $4,548,000 after acquiring an additional 59,711 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Chewy in the first quarter valued at $11,326,000. Institutional investors own 93.09% of the company’s stock.

Insider Buying and Selling at Chewy

In other Chewy news, CEO Sumit Singh sold 4,264 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 $151,670.48. Following the completion of the sale, the chief executive officer owned 72,549 shares of the company’s stock, valued at $2,580,567.93. The trade was a 5.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Satish Mehta sold 8,727 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $35.82, for a total value of $312,601.14. Following the completion of the transaction, the chief technology officer owned 276,467 shares of the company’s stock, valued at $9,903,047.94. The trade was a 3.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 68,657 shares of company stock worth $2,444,311 over the last 90 days. Corporate insiders own 0.43% of the company’s stock.

Chewy Price Performance

Shares of CHWY opened at $37.99 on Thursday. Chewy has a 1-year low of $26.28 and a 1-year high of $48.62. The company has a market capitalization of $15.76 billion, a P/E ratio of 108.55, a P/E/G ratio of 9.58 and a beta of 1.62. The firm’s 50 day simple moving average is $38.95 and its 200 day simple moving average is $39.03.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, September 10th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. Chewy had a return on equity of 50.45% and a net margin of 1.22%.Chewy’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 EPS. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. On average, equities analysts anticipate that Chewy will post 0.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CHWY shares. Mizuho raised Chewy from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $44.00 to $50.00 in a report on Monday, September 8th. TD Cowen lowered their price target on shares of Chewy from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Morgan Stanley cut their price objective on shares of Chewy from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. Citigroup decreased their target price on shares of Chewy from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Finally, UBS Group cut their price target on shares of Chewy from $46.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Chewy has a consensus rating of “Moderate Buy” and a consensus target price of $45.84.

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.