Chewy $CHWY Shares Sold by Pembroke Management LTD

Pembroke Management LTD lowered its position in shares of Chewy (NYSE:CHWY) by 20.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 274,573 shares of the company’s stock after selling 71,328 shares during the period. Chewy accounts for 1.4% of Pembroke Management LTD’s portfolio, making the stock its 27th biggest holding. Pembroke Management LTD owned about 0.07% of Chewy worth $11,702,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new stake in shares of Chewy in the first quarter valued at approximately $44,000. Parkside Financial Bank & Trust grew its holdings in Chewy by 34.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock worth $49,000 after buying an additional 298 shares in the last quarter. Hughes Financial Services LLC acquired a new stake in Chewy in the 2nd quarter valued at approximately $55,000. Parallel Advisors LLC raised its stake in Chewy by 73.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,365 shares of the company’s stock valued at $58,000 after acquiring an additional 577 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Chewy by 1,816.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the company’s stock valued at $64,000 after acquiring an additional 1,417 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Sumit Singh sold 16,289 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $32.72, for a total value of $532,976.08. Following the completion of the sale, the chief executive officer owned 563,408 shares in the company, valued at $18,434,709.76. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO William G. Billings sold 1,121 shares of Chewy 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 transaction, 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 SEC filing for this sale provides additional information. In the last 90 days, insiders sold 27,629 shares of company stock valued at $903,696. Company insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on CHWY shares. Wedbush reissued an “outperform” rating and set a $45.00 price target on shares of Chewy in a report on Thursday, September 11th. Citigroup lowered their target price on shares of Chewy from $49.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $48.00 price target on shares of Chewy in a research note on Thursday, September 11th. Wall Street Zen cut Chewy from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Finally, Morgan Stanley decreased their price target on Chewy from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $45.84.

Chewy Trading Up 0.4%

Shares of CHWY opened at $33.84 on Tuesday. The business’s 50-day moving average price is $37.32 and its 200 day moving average price is $39.29. The stock has a market capitalization of $14.04 billion, a P/E ratio of 96.69, a P/E/G ratio of 8.39 and a beta of 1.67. Chewy has a 1-year low of $29.83 and a 1-year high of $48.62.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, September 10th. The company reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. Chewy had a net margin of 1.22% and a return on equity of 50.45%. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the firm earned $0.24 earnings per share. The business’s quarterly revenue 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. On average, research analysts predict that Chewy will post 0.24 earnings per share for the current year.

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.