NorthCrest Asset Manangement LLC Takes $948,000 Position in Chewy $CHWY

NorthCrest Asset Manangement LLC acquired a new stake in Chewy (NYSE:CHWY) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 25,197 shares of the company’s stock, valued at approximately $948,000.

Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada grew its position in shares of Chewy by 2.5% in the first quarter. Royal Bank of Canada now owns 220,509 shares of the company’s stock valued at $7,168,000 after purchasing an additional 5,466 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Chewy in the 1st quarter valued at approximately $510,000. NewEdge Advisors LLC lifted its position in shares of Chewy by 5,238.3% during the first quarter. NewEdge Advisors LLC now owns 32,510 shares of the company’s stock worth $1,057,000 after purchasing an additional 31,901 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Chewy by 1.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company’s stock worth $38,236,000 after purchasing an additional 17,788 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Chewy by 31.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 383,966 shares of the company’s stock worth $12,483,000 after acquiring an additional 92,129 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Insiders Place Their Bets

In other Chewy news, CAO William G. Billings sold 1,121 shares of Chewy stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $32.72, for a total value of $36,679.12. Following the sale, the chief accounting officer owned 31,045 shares of the company’s stock, valued at $1,015,792.40. This trade represents a 3.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Satish Mehta sold 8,872 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $33.53, for a total transaction of $297,478.16. Following the completion of the sale, the chief technology officer directly owned 229,702 shares in the company, valued at approximately $7,701,908.06. This represents a 3.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 83,985 shares of company stock worth $2,802,809. Corporate insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CHWY. Citigroup reiterated a “market outperform” rating on shares of Chewy in a research report on Monday, November 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chewy in a report on Wednesday, October 8th. UBS Group set a $51.00 price target on Chewy in a research note on Tuesday, January 13th. TD Cowen restated a “buy” rating on shares of Chewy in a report on Thursday, December 4th. Finally, Moffett Nathanson upgraded Chewy from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $47.21.

Chewy Stock Performance

Shares of CHWY stock opened at $32.35 on Thursday. The stock has a market cap of $13.43 billion, a PE ratio of 67.40, a PEG ratio of 3.34 and a beta of 1.56. Chewy has a 52-week low of $29.83 and a 52-week high of $48.62. The firm’s 50 day moving average price is $33.25 and its two-hundred day moving average price is $36.12.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, December 10th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.10 billion. Chewy had a net margin of 1.64% and a return on equity of 56.78%. Chewy’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the company posted $0.20 EPS. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. As a group, sell-side analysts predict that Chewy will post 0.24 earnings per share for the current fiscal year.

Chewy Profile

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.