Hager Investment Management Services LLC Acquires 6,620 Shares of Chewy $CHWY

Hager Investment Management Services LLC lifted its holdings in shares of Chewy (NYSE:CHWY) by 2,229.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,917 shares of the company’s stock after acquiring an additional 6,620 shares during the period. Hager Investment Management Services LLC’s holdings in Chewy were worth $295,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its position in shares of Chewy by 104.6% during the first quarter. Golden State Wealth Management LLC now owns 941 shares of the company’s stock worth $31,000 after acquiring an additional 481 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Chewy during the first quarter worth about $44,000. Parallel Advisors LLC increased its position in shares of Chewy by 73.2% during the second quarter. Parallel Advisors LLC now owns 1,365 shares of the company’s stock worth $58,000 after acquiring an additional 577 shares in the last quarter. North Star Investment Management Corp. increased its position in shares of Chewy by 26.6% during the first quarter. North Star Investment Management Corp. now owns 1,678 shares of the company’s stock worth $55,000 after acquiring an additional 353 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Chewy by 225.7% during the first quarter. UMB Bank n.a. now owns 1,866 shares of the company’s stock worth $61,000 after acquiring an additional 1,293 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Chewy from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Thursday, September 11th. UBS Group reduced their price objective on shares of Chewy from $46.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, September 11th. Morgan Stanley reduced 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. Guggenheim reaffirmed a “buy” rating and issued a $45.00 price objective (up from $42.00) on shares of Chewy in a research report on Thursday, June 12th. Finally, Wall Street Zen downgraded shares of Chewy from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Chewy presently has an average rating of “Moderate Buy” and an average target price of $45.84.

Chewy Stock Up 1.7%

CHWY opened at $38.27 on Thursday. The stock has a market cap of $15.88 billion, a price-to-earnings ratio of 109.34, a PEG ratio of 9.41 and a beta of 1.62. Chewy has a twelve month low of $26.28 and a twelve month high of $48.62. The company’s 50-day moving average price is $38.64 and its two-hundred day moving average price is $38.85.

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). The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Chewy had a net margin of 1.22% and a return on equity of 50.45%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 earnings per share. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. As a group, sell-side analysts anticipate that Chewy will post 0.24 earnings per share for the current year.

Insider Activity at Chewy

In related news, CEO Sumit Singh sold 4,264 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $151,670.48. Following the sale, the chief executive officer directly owned 72,549 shares in the company, valued at approximately $2,580,567.93. This represents a 5.55% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO William G. Billings sold 20,142 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $716,450.94. Following the sale, the chief accounting officer owned 29,464 shares in the company, valued at $1,048,034.48. The trade was a 40.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 68,657 shares of company stock worth $2,444,311. 0.43% of the stock is owned by corporate insiders.

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.