SYM FINANCIAL Corp Purchases Shares of 5,345 Chewy $CHWY

SYM FINANCIAL Corp bought a new stake in shares of Chewy (NYSE:CHWY) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 5,345 shares of the company’s stock, valued at approximately $228,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its stake in Chewy by 32.6% during the second quarter. Teacher Retirement System of Texas now owns 38,573 shares of the company’s stock worth $1,644,000 after purchasing an additional 9,493 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Chewy in the 2nd quarter valued at $6,480,000. Envestnet Asset Management Inc. grew its position in Chewy by 19.1% in the second quarter. Envestnet Asset Management Inc. now owns 234,829 shares of the company’s stock valued at $10,008,000 after acquiring an additional 37,687 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Chewy by 1,816.7% during the second 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 during the period. Finally, AlphaQuest LLC increased its position in shares of Chewy by 175.3% during the 2nd quarter. AlphaQuest LLC now owns 6,733 shares of the company’s stock worth $287,000 after purchasing an additional 4,287 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Moffett Nathanson raised Chewy from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Thursday, September 25th. Wedbush reissued an “outperform” rating and set a $45.00 price objective on shares of Chewy in a report on Thursday, September 11th. Citigroup decreased their price target 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Chewy in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Chewy from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Thursday, September 11th. Two 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. According to data from MarketBeat.com, Chewy has a consensus rating of “Moderate Buy” and a consensus target price of $45.84.

Chewy Stock Down 1.3%

Shares of NYSE:CHWY opened at $34.15 on Wednesday. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of 97.57, a PEG ratio of 8.63 and a beta of 1.62. Chewy has a 12 month low of $26.28 and a 12 month high of $48.62. The company’s fifty day simple moving average is $38.58 and its 200 day simple moving average is $39.36.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, September 10th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.19). Chewy had a net margin of 1.22% and a return on equity of 50.45%. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the previous year, the firm posted $0.24 EPS. The company’s 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. Research analysts expect that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Activity at Chewy

In other news, CTO Satish Mehta sold 8,727 shares of Chewy stock in a transaction that occurred on 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 transaction, the chief technology officer directly owned 276,467 shares in the company, valued at approximately $9,903,047.94. The trade was a 3.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sumit Singh sold 4,264 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $151,670.48. Following the completion of the transaction, the chief executive officer owned 72,549 shares in the company, valued at approximately $2,580,567.93. This trade represents a 5.55% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 68,657 shares of company stock worth $2,444,311. Insiders own 0.43% of the company’s stock.

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.