Jefferies Financial Group Inc. Sells 45,567 Shares of Chewy $CHWY

Jefferies Financial Group Inc. decreased its stake in Chewy (NYSE:CHWY) by 45.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,433 shares of the company’s stock after selling 45,567 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Chewy were worth $2,320,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Parkside Financial Bank & Trust lifted its holdings in shares of Chewy by 34.5% during the second quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock valued at $49,000 after acquiring an additional 298 shares during the period. Federated Hermes Inc. increased its position in shares of Chewy by 2.3% during the 1st quarter. Federated Hermes Inc. now owns 15,685 shares of the company’s stock worth $510,000 after purchasing an additional 354 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in Chewy by 1.4% during the 2nd quarter. Los Angeles Capital Management LLC now owns 28,418 shares of the company’s stock valued at $1,211,000 after purchasing an additional 384 shares during the last quarter. GAMMA Investing LLC boosted its position in Chewy by 13.7% in the second quarter. GAMMA Investing LLC now owns 3,369 shares of the company’s stock valued at $144,000 after buying an additional 405 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake in Chewy by 2.8% during 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.

Chewy Stock Up 3.1%

Shares of CHWY stock opened at $33.53 on Wednesday. The stock has a 50-day moving average price of $36.13 and a 200 day moving average price of $38.98. The firm has a market cap of $13.91 billion, a price-to-earnings ratio of 95.79, a PEG ratio of 8.04 and a beta of 1.67. Chewy has a 12 month low of $29.83 and a 12 month high of $48.62.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, September 10th. The company reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. Chewy had a return on equity of 50.45% and a net margin of 1.22%.The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the previous year, the business posted $0.24 EPS. The company’s quarterly 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. Sell-side analysts predict that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Activity at Chewy

In other Chewy news, CEO Sumit Singh sold 16,289 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $32.72, for a total transaction of $532,976.08. Following the completion of the sale, the chief executive officer owned 563,408 shares in the company, valued at approximately $18,434,709.76. The trade was a 2.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO William G. Billings sold 1,121 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $32.72, for a total value of $36,679.12. Following the completion of the transaction, the chief accounting officer directly owned 31,045 shares in the company, valued at approximately $1,015,792.40. This trade represents a 3.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 27,629 shares of company stock worth $903,696 over the last ninety days. Company insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Barclays cut their target price on shares of Chewy from $50.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, September 11th. JPMorgan Chase & Co. dropped their price target on Chewy from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, September 11th. JMP Securities reiterated a “market outperform” rating and issued a $48.00 price objective on shares of Chewy in a research report on Thursday, September 11th. TD Cowen reduced their price objective on Chewy from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Finally, Citigroup restated a “market outperform” rating on shares of Chewy in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.83.

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.