Amalgamated Bank Purchases 37,195 Shares of Chewy $CHWY

Amalgamated Bank grew its position in shares of Chewy (NYSE:CHWY) by 54.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 105,080 shares of the company’s stock after acquiring an additional 37,195 shares during the quarter. Amalgamated Bank’s holdings in Chewy were worth $4,479,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Atria Investments Inc boosted its position in shares of Chewy by 70.9% during the 2nd quarter. Atria Investments Inc now owns 17,077 shares of the company’s stock valued at $728,000 after acquiring an additional 7,084 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of Chewy by 7.8% during the 2nd quarter. Retirement Systems of Alabama now owns 477,369 shares of the company’s stock valued at $20,345,000 after acquiring an additional 34,593 shares during the last quarter. Assetmark Inc. boosted its position in shares of Chewy by 0.9% during the 2nd quarter. Assetmark Inc. now owns 64,271 shares of the company’s stock valued at $2,739,000 after acquiring an additional 604 shares during the last quarter. Spire Wealth Management boosted its position in shares of Chewy by 1,316.0% during the 2nd quarter. Spire Wealth Management now owns 14,811 shares of the company’s stock valued at $631,000 after acquiring an additional 13,765 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its position in Chewy by 2.8% in the second quarter. Hantz Financial Services Inc. now owns 15,637 shares of the company’s stock worth $666,000 after buying an additional 425 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CHWY. Wall Street Zen downgraded Chewy from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Seaport Res Ptn upgraded Chewy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 10th. Mizuho upgraded Chewy from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $44.00 to $50.00 in a research report on Monday, September 8th. Moffett Nathanson upgraded Chewy from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Thursday, September 25th. Finally, TD Cowen lowered their price target on Chewy from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Chewy presently has an average rating of “Moderate Buy” and an average target price of $45.84.

Chewy Stock Down 2.3%

CHWY stock opened at $33.68 on Monday. The business’s fifty day simple moving average is $38.20 and its two-hundred day simple moving average is $39.37. Chewy has a twelve month low of $26.33 and a twelve month high of $48.62. The firm has a market cap of $13.97 billion, a price-to-earnings ratio of 96.22, a PEG ratio of 8.41 and a beta of 1.67.

Chewy (NYSE:CHWY) last released 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 return on equity of 50.45% and a net margin of 1.22%.The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the previous year, the business earned $0.24 EPS. The business’s revenue for the quarter 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. Research analysts expect that Chewy will post 0.24 EPS for the current year.

Insiders Place Their Bets

In other Chewy news, CTO Satish Mehta sold 8,727 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $35.82, for a total value of $312,601.14. Following the sale, the chief technology officer owned 276,467 shares in the company, valued at $9,903,047.94. This trade represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.43% of the stock is currently owned by insiders.

Chewy Company 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.