Concurrent Investment Advisors LLC Takes $303,000 Position in Chewy $CHWY

Concurrent Investment Advisors LLC acquired a new stake in shares of Chewy (NYSE:CHWY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,110 shares of the company’s stock, valued at approximately $303,000.

Several other institutional investors also recently made changes to their positions in CHWY. Farther Finance Advisors LLC grew its stake in shares of Chewy by 38.9% during the 1st quarter. Farther Finance Advisors LLC now owns 2,809 shares of the company’s stock valued at $94,000 after buying an additional 787 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Chewy by 327.7% during the 1st quarter. GAMMA Investing LLC now owns 2,964 shares of the company’s stock valued at $96,000 after acquiring an additional 2,271 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Chewy by 43.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 54,154 shares of the company’s stock valued at $1,761,000 after acquiring an additional 16,399 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Chewy by 12.4% during the 1st quarter. State of Alaska Department of Revenue now owns 19,420 shares of the company’s stock valued at $631,000 after acquiring an additional 2,145 shares in the last quarter. Finally, Brendel Financial Advisors LLC acquired a new position in shares of Chewy during the 1st quarter valued at $1,830,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CHWY. Royal Bank Of Canada reduced their target price on shares of Chewy from $44.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, September 11th. JPMorgan Chase & Co. reduced their target price on shares of Chewy from $47.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, September 11th. Weiss Ratings restated a “hold (c)” rating on shares of Chewy in a report on Wednesday, October 8th. Mizuho upgraded shares of Chewy from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $44.00 to $50.00 in a report on Monday, September 8th. Finally, JMP Securities restated a “market outperform” rating and set a $48.00 target price on shares of Chewy in a report on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Chewy presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.84.

Insider Transactions at Chewy

In other news, CEO Sumit Singh sold 4,264 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.57, for a total value of $151,670.48. Following the completion of the sale, the chief executive officer owned 72,549 shares of the company’s stock, valued at approximately $2,580,567.93. The trade was a 5.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Satish Mehta sold 8,727 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $35.82, for a total transaction of $312,601.14. Following the completion of the sale, the chief technology officer directly owned 276,467 shares of the company’s stock, valued at $9,903,047.94. The trade was a 3.06% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,657 shares of company stock valued at $2,444,311. Insiders own 0.43% of the company’s stock.

Chewy Price Performance

Shares of CHWY stock opened at $37.50 on Monday. Chewy has a 12 month low of $26.28 and a 12 month high of $48.62. The firm has a market capitalization of $15.56 billion, a P/E ratio of 107.14, a P/E/G ratio of 9.32 and a beta of 1.62. The company’s fifty day moving average price is $39.02 and its two-hundred day moving average price is $39.17.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, September 10th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). 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 analyst estimates of $3.08 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. The business’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. On average, sell-side analysts anticipate that Chewy will post 0.24 EPS 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.