BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases Shares of 1,871 Chewy $CHWY

BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Chewy (NYSE:CHWY) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,871 shares of the company’s stock, valued at approximately $80,000.

A number of other large investors have also made changes to their positions in the stock. State of Michigan Retirement System raised its position in shares of Chewy by 32.8% during the second quarter. State of Michigan Retirement System now owns 52,600 shares of the company’s stock valued at $2,242,000 after buying an additional 13,000 shares during the last quarter. Wakefield Asset Management LLLP acquired a new position in shares of Chewy during the second quarter valued at about $1,411,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Chewy during the second quarter valued at about $225,000. Strs Ohio acquired a new position in shares of Chewy during the second quarter valued at about $970,000. Finally, Amalgamated Bank raised its position in shares of Chewy by 54.8% during the second quarter. Amalgamated Bank now owns 105,080 shares of the company’s stock valued at $4,479,000 after buying an additional 37,195 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Stock Down 2.3%

NYSE:CHWY opened at $33.00 on Thursday. Chewy has a 12-month low of $29.03 and a 12-month high of $48.62. The firm has a market capitalization of $13.69 billion, a PE ratio of 94.29, a price-to-earnings-growth ratio of 8.41 and a beta of 1.67. The firm has a 50-day moving average price of $37.78 and a 200 day moving average price of $39.30.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, September 10th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.19). The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. Chewy had a return on equity of 50.45% and a net margin of 1.22%.The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company earned $0.24 EPS. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. On average, research analysts expect that Chewy will post 0.24 EPS for the current year.

Analyst Ratings Changes

CHWY has been the subject of a number of research analyst reports. Citigroup cut their price objective on shares of Chewy from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Royal Bank Of Canada cut their price objective on shares of Chewy from $44.00 to $43.00 and set an “outperform” rating for the company in a research report on Thursday, September 11th. Seaport Res Ptn raised shares of Chewy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 10th. Wedbush reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Chewy in a research report on Thursday, September 11th. Finally, Mizuho reissued an “outperform” rating and issued a $50.00 price target on shares of Chewy in a research report on Tuesday. Two investment 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 MarketBeat.com, Chewy presently has an average rating of “Moderate Buy” and a consensus target price of $45.84.

Insiders Place Their Bets

In other Chewy news, CEO Sumit Singh sold 2,289 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $32.72, for a total transaction of $74,896.08. Following the sale, the chief executive officer directly owned 75,777 shares of the company’s stock, valued at approximately $2,479,423.44. This represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Satish Mehta sold 4,642 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $32.65, for a total transaction of $151,561.30. Following the sale, the chief technology officer directly owned 229,702 shares in the company, valued at $7,499,770.30. This represents a 1.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 27,629 shares of company stock valued at $903,696. 0.43% of the stock is currently owned by 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.