Allianz Asset Management GmbH Grows Position in Chewy $CHWY

Allianz Asset Management GmbH grew its stake in shares of Chewy (NYSE:CHWY) by 21.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,422,298 shares of the company’s stock after acquiring an additional 247,318 shares during the quarter. Allianz Asset Management GmbH’s holdings in Chewy were worth $60,618,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CHWY. Farther Finance Advisors LLC increased 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 worth $94,000 after buying an additional 787 shares in the last quarter. GAMMA Investing LLC increased its position in Chewy by 327.7% during the first quarter. GAMMA Investing LLC now owns 2,964 shares of the company’s stock worth $96,000 after buying an additional 2,271 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Chewy by 43.4% during the first quarter. Janney Montgomery Scott LLC now owns 54,154 shares of the company’s stock worth $1,761,000 after buying an additional 16,399 shares in the last quarter. CENTRAL TRUST Co increased its position in Chewy by 108.4% during the first quarter. CENTRAL TRUST Co now owns 8,153 shares of the company’s stock worth $265,000 after buying an additional 4,240 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in Chewy by 12.4% during the first quarter. State of Alaska Department of Revenue now owns 19,420 shares of the company’s stock worth $631,000 after buying an additional 2,145 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Chewy Trading Down 1.6%

Shares of Chewy stock opened at $37.50 on Friday. Chewy has a twelve month low of $26.28 and a twelve month high of $48.62. The stock has a market capitalization of $15.56 billion, a P/E ratio of 107.14, a PEG ratio of 9.48 and a beta of 1.62. The business’s fifty day moving average price is $39.02 and its 200 day moving average price is $39.10.

Chewy (NYSE:CHWY) last issued 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). 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 analyst estimates of $3.08 billion. During the same quarter in the previous year, the business posted $0.24 EPS. Chewy’s revenue was up 8.6% compared to the same quarter last year. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. As a group, sell-side analysts predict that Chewy will post 0.24 EPS for the current year.

Insider Activity at Chewy

In related news, CEO Sumit Singh sold 29,557 shares of Chewy stock in a transaction on Monday, August 4th. The stock was sold at an average price of $35.57, for a total value of $1,051,342.49. Following the transaction, the chief executive officer owned 540,406 shares in the company, valued at approximately $19,222,241.42. This trade represents a 5.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO William G. Billings sold 20,142 shares of Chewy stock in a transaction on Monday, August 4th. The shares were 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 owned 29,464 shares in the company, valued at $1,048,034.48. The trade was a 40.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,657 shares of company stock worth $2,444,311. 0.43% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup dropped their price target on Chewy from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. UBS Group decreased their price objective on Chewy from $46.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, September 11th. Weiss Ratings restated a “hold (c)” rating on shares of Chewy in a report on Wednesday, October 8th. Morgan Stanley decreased their price objective on Chewy from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, September 11th. Finally, Mizuho upgraded Chewy from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $44.00 to $50.00 in a report on Monday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $45.84.

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.