Bridges Investment Management Inc. Makes New $293,000 Investment in Chewy $CHWY

Bridges Investment Management Inc. bought a new position in Chewy (NYSE:CHWY) in the second quarter, HoldingsChannel.com reports. The firm bought 6,874 shares of the company’s stock, valued at approximately $293,000.

A number of other large investors have also recently added to or reduced their stakes in CHWY. Golden State Wealth Management LLC lifted its position in Chewy by 104.6% during the 1st quarter. Golden State Wealth Management LLC now owns 941 shares of the company’s stock worth $31,000 after buying an additional 481 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Chewy in the 1st quarter valued at about $44,000. Parallel Advisors LLC increased its position in shares of Chewy by 73.2% in the second quarter. Parallel Advisors LLC now owns 1,365 shares of the company’s stock valued at $58,000 after acquiring an additional 577 shares during the last quarter. MorganRosel Wealth Management LLC bought a new stake in Chewy during the first quarter worth about $65,000. Finally, Farther Finance Advisors LLC boosted its position in Chewy by 38.9% during the first quarter. Farther Finance Advisors LLC now owns 2,809 shares of the company’s stock valued at $94,000 after purchasing an additional 787 shares during the last quarter. Institutional investors own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

CHWY has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a research report on Thursday, September 11th. Seaport Res Ptn upgraded shares of Chewy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 10th. Wedbush reiterated an “outperform” rating and issued a $45.00 target price on shares of Chewy in a research note on Thursday, September 11th. Deutsche Bank Aktiengesellschaft raised Chewy from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Thursday, September 11th. Finally, JPMorgan Chase & Co. cut their price objective on Chewy from $47.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. Two 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. Based on data from MarketBeat, Chewy presently has an average rating of “Moderate Buy” and an average target price of $45.84.

Chewy Stock Performance

Chewy stock opened at $37.50 on Friday. The stock has a fifty day moving average of $39.02 and a 200-day moving average of $39.10. The stock has a market capitalization of $15.56 billion, a P/E ratio of 107.14, a price-to-earnings-growth ratio of 9.48 and a beta of 1.62. Chewy has a 52 week low of $26.28 and a 52 week high of $48.62.

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

Insider Transactions at Chewy

In other Chewy news, CAO William G. Billings sold 20,142 shares of Chewy stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $35.57, for a total value of $716,450.94. Following the completion of the sale, the chief accounting officer directly owned 29,464 shares in the company, valued at approximately $1,048,034.48. The trade was a 40.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sumit Singh sold 29,557 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $35.57, for a total transaction of $1,051,342.49. Following the sale, the chief executive officer directly owned 540,406 shares of the company’s stock, valued at approximately $19,222,241.42. This trade represents a 5.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,657 shares of company stock worth $2,444,311 over the last ninety days. 0.43% of the stock is owned by insiders.

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.