KLP Kapitalforvaltning AS Boosts Position in Chewy $CHWY

KLP Kapitalforvaltning AS lifted its stake in shares of Chewy (NYSE:CHWYFree Report) by 12.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,600 shares of the company’s stock after acquiring an additional 4,400 shares during the period. KLP Kapitalforvaltning AS’s holdings in Chewy were worth $1,730,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 481 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of Chewy during the 1st quarter worth $44,000. Parallel Advisors LLC raised its holdings in shares of Chewy by 73.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,365 shares of the company’s stock worth $58,000 after acquiring an additional 577 shares during the period. North Star Investment Management Corp. raised its holdings in shares of Chewy by 26.6% during the 1st 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 during the period. Finally, MorganRosel Wealth Management LLC purchased a new position in shares of Chewy during the 1st quarter worth $65,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CHWY. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a report on Thursday, September 11th. Seaport Res Ptn upgraded Chewy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Chewy in a research report on Wednesday, October 8th. TD Cowen cut their price objective on Chewy from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Finally, Robert W. Baird cut their price objective on Chewy from $52.00 to $48.00 and set an “outperform” 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.84.

Read Our Latest Research Report on CHWY

Chewy Trading Down 0.1%

Shares of NYSE:CHWY opened at $39.07 on Monday. The company has a market capitalization of $16.21 billion, a price-to-earnings ratio of 111.62, a PEG ratio of 9.76 and a beta of 1.62. The business has a 50-day moving average price of $38.75 and a 200 day moving average price of $39.00. Chewy has a 12-month low of $26.28 and a 12-month high of $48.62.

Chewy (NYSE:CHWYGet Free Report) last released its earnings results on Wednesday, September 10th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate 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 net margin of 1.22% and a return on equity of 50.45%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $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, equities research analysts predict that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Chewy

In other Chewy 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 value of $716,450.94. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Satish Mehta sold 8,727 shares of Chewy stock in a transaction dated Tuesday, August 5th. The shares were 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 directly owned 276,467 shares of the company’s stock, valued at approximately $9,903,047.94. This represents a 3.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 68,657 shares of company stock valued at $2,444,311 in the last three months. 0.43% of the stock is owned by corporate insiders.

Chewy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Chewy (NYSE:CHWY)

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