Trust Investment Advisors Purchases 3,798 Shares of Chewy $CHWY

Trust Investment Advisors lifted its position in shares of Chewy (NYSE:CHWY) by 6.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,039 shares of the company’s stock after buying an additional 3,798 shares during the period. Chewy comprises about 1.6% of Trust Investment Advisors’ investment portfolio, making the stock its 11th largest holding. Trust Investment Advisors’ holdings in Chewy were worth $2,601,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. SYM FINANCIAL Corp bought a new stake in Chewy in the 2nd quarter valued at approximately $228,000. Teacher Retirement System of Texas raised its holdings in shares of Chewy by 32.6% in the second quarter. Teacher Retirement System of Texas now owns 38,573 shares of the company’s stock valued at $1,644,000 after purchasing an additional 9,493 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Chewy in the second quarter worth $6,480,000. Envestnet Asset Management Inc. lifted its position in shares of Chewy by 19.1% in the second quarter. Envestnet Asset Management Inc. now owns 234,829 shares of the company’s stock worth $10,008,000 after purchasing an additional 37,687 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Chewy by 1,816.7% during the second quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the company’s stock worth $64,000 after purchasing an additional 1,417 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CHWY. Deutsche Bank Aktiengesellschaft upgraded shares of Chewy from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Thursday, September 11th. Robert W. Baird lowered their target price on Chewy from $52.00 to $48.00 and set an “outperform” rating on the stock in a research report on Thursday, September 11th. Seaport Res Ptn raised Chewy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 10th. Royal Bank Of Canada decreased their price target on Chewy from $44.00 to $43.00 and set an “outperform” rating for the company in a research note on Thursday, September 11th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Chewy 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 given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.84.

Chewy Stock Performance

Chewy stock opened at $34.59 on Tuesday. The stock has a 50-day simple moving average of $38.72 and a 200 day simple moving average of $39.35. The stock has a market capitalization of $14.35 billion, a P/E ratio of 98.83, a PEG ratio of 8.76 and a beta of 1.62. Chewy has a 52 week low of $26.28 and a 52 week high of $48.62.

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

Insiders Place Their Bets

In other news, CTO Satish Mehta sold 8,727 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were 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 owned 276,467 shares in the company, valued at approximately $9,903,047.94. This trade represents a 3.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO William G. Billings sold 20,142 shares of Chewy stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $35.57, for a total transaction of $716,450.94. Following the sale, the chief accounting officer directly owned 29,464 shares of the company’s stock, valued at $1,048,034.48. The trade was a 40.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 68,657 shares of company stock valued at $2,444,311 over the last ninety days. 0.43% of the stock is currently owned by company insiders.

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.