Wealth Enhancement Advisory Services LLC Buys 137,648 Shares of Chewy $CHWY

Wealth Enhancement Advisory Services LLC grew its stake in shares of Chewy (NYSE:CHWY) by 960.0% during the third quarter, HoldingsChannel.com reports. The fund owned 151,987 shares of the company’s stock after buying an additional 137,648 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Chewy were worth $5,719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CHWY. Parkside Financial Bank & Trust lifted its position in Chewy by 34.5% during the second quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock valued at $49,000 after purchasing an additional 298 shares during the period. Park Avenue Securities LLC raised its stake in Chewy by 4.0% during the 3rd quarter. Park Avenue Securities LLC now owns 7,810 shares of the company’s stock valued at $316,000 after buying an additional 302 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Chewy by 3.2% during the 3rd quarter. Sivia Capital Partners LLC now owns 11,072 shares of the company’s stock valued at $448,000 after buying an additional 343 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of Chewy by 1.4% in the 2nd quarter. Los Angeles Capital Management LLC now owns 28,418 shares of the company’s stock worth $1,211,000 after buying an additional 384 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Chewy by 13.7% in the second quarter. GAMMA Investing LLC now owns 3,369 shares of the company’s stock worth $144,000 after acquiring an additional 405 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHWY has been the topic of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Chewy in a report on Wednesday. The Goldman Sachs Group increased their price objective on shares of Chewy from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Wedbush set a $42.00 price objective on shares of Chewy and gave the stock an “outperform” rating in a report on Wednesday, December 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a report on Thursday, December 11th. Finally, Piper Sandler reiterated an “overweight” rating and set a $48.00 price target on shares of Chewy in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Chewy currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.21.

Insider Transactions at Chewy

In related news, CEO Sumit Singh sold 40,789 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $33.73, for a total value of $1,375,812.97. Following the completion of the transaction, the chief executive officer directly owned 623,185 shares of the company’s stock, valued at approximately $21,020,030.05. This trade represents a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 owned 229,702 shares in the company, valued at $7,701,908.06. This represents a 3.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 83,985 shares of company stock valued at $2,802,809. 0.43% of the stock is currently owned by insiders.

Chewy Stock Performance

Shares of CHWY stock opened at $31.68 on Monday. The stock has a fifty day simple moving average of $33.19 and a two-hundred day simple moving average of $35.98. Chewy has a 52-week low of $29.83 and a 52-week high of $48.62. The firm has a market capitalization of $13.15 billion, a PE ratio of 65.99, a PEG ratio of 3.19 and a beta of 1.56.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, December 10th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Chewy had a return on equity of 56.78% and a net margin of 1.64%.The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 EPS. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. On average, sell-side analysts forecast that Chewy will post 0.24 EPS 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.