Chewy $CHWY Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC decreased its holdings in shares of Chewy (NYSE:CHWY) by 11.0% during the second quarter, Holdings Channel.com reports. The fund owned 238,879 shares of the company’s stock after selling 29,494 shares during the period. ProShare Advisors LLC’s holdings in Chewy were worth $10,181,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Profund Advisors LLC acquired a new stake in Chewy in the 2nd quarter worth approximately $203,000. PFG Advisors purchased a new position in shares of Chewy in the second quarter worth $251,000. Future Fund LLC purchased a new position in Chewy in the 2nd quarter worth $717,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Chewy during the second quarter worth about $903,000. Finally, Parkside Financial Bank & Trust lifted its stake in Chewy by 34.5% during the 2nd 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. 93.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other 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 of the company’s stock, valued at $18,434,709.76. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO William G. Billings sold 1,121 shares of the stock in a transaction dated Monday, November 3rd. The shares were 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 of the company’s stock, valued at approximately $1,015,792.40. The trade was a 3.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,629 shares of company stock worth $903,696 over the last quarter. 0.43% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wedbush reiterated an “outperform” rating and set a $45.00 price objective 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 research report on Sunday, September 21st. UBS Group lowered their price objective on Chewy from $46.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, September 11th. Royal Bank Of Canada dropped their price objective on shares of Chewy from $44.00 to $43.00 and set an “outperform” rating on the stock in a research note on Thursday, September 11th. Finally, Citigroup decreased their target price on shares of Chewy from $49.00 to $48.00 and set a “buy” 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 assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $45.84.

Chewy Stock Performance

Shares of NYSE CHWY opened at $32.97 on Thursday. The firm has a fifty day moving average of $37.04 and a 200 day moving average of $39.22. The firm has a market cap of $13.67 billion, a PE ratio of 94.19, a PEG ratio of 8.29 and a beta of 1.67. Chewy has a one year low of $29.83 and a one year high of $48.62.

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

About Chewy

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.