Wealth Alliance LLC Makes New Investment in Chewy $CHWY

Wealth Alliance LLC purchased a new stake in Chewy (NYSE:CHWY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,101 shares of the company’s stock, valued at approximately $217,000.

A number of other hedge funds also recently made changes to their positions in the stock. BC Partners PE LP bought a new stake in Chewy in the first quarter valued at approximately $7,142,402,000. AQR Capital Management LLC lifted its position in shares of Chewy by 3,005.1% in the 1st quarter. AQR Capital Management LLC now owns 1,398,580 shares of the company’s stock worth $44,041,000 after purchasing an additional 1,353,539 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Chewy by 224.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,892,344 shares of the company’s stock valued at $79,214,000 after purchasing an additional 1,308,343 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Chewy by 426.1% during the first quarter. Ameriprise Financial Inc. now owns 1,189,957 shares of the company’s stock worth $38,686,000 after buying an additional 963,780 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in Chewy by 35.7% during the first quarter. Neuberger Berman Group LLC now owns 2,304,006 shares of the company’s stock worth $74,903,000 after buying an additional 606,526 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on CHWY shares. Mizuho reaffirmed an “outperform” rating and set a $50.00 price target on shares of Chewy in a research report on Tuesday, November 4th. Wall Street Zen lowered Chewy from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a research note on Thursday, September 11th. UBS Group lowered their target price on Chewy from $46.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, September 11th. Finally, Barclays cut their price target on Chewy from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, September 11th. 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.84.

Chewy Stock Performance

CHWY stock opened at $33.52 on Friday. The stock’s 50 day simple moving average is $36.71 and its 200 day simple moving average is $39.16. The company has a market cap of $13.91 billion, a P/E ratio of 95.78, a price-to-earnings-growth ratio of 8.28 and a beta of 1.67. Chewy has a fifty-two week low of $29.83 and a fifty-two week high of $48.62.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, September 10th. The company reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Chewy had a return on equity of 50.45% and a net margin of 1.22%.The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. Equities analysts predict that Chewy will post 0.24 earnings per share for the current year.

Insider Buying and Selling at Chewy

In related 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 value of $74,896.08. Following the sale, the chief executive officer owned 75,777 shares in the company, valued at $2,479,423.44. This represents a 2.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO William G. Billings sold 1,121 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $32.72, for a total transaction of $36,679.12. Following the completion of the sale, the chief accounting officer owned 31,045 shares in the company, valued at $1,015,792.40. This represents a 3.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 27,629 shares of company stock worth $903,696. 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.