Whalen Wealth Management Inc. Invests $524,000 in Chewy $CHWY

Whalen Wealth Management Inc. acquired a new position in Chewy (NYSE:CHWY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,304 shares of the company’s stock, valued at approximately $524,000.

A number of other institutional investors have also made changes to their positions in the business. Jennison Associates LLC bought a new stake in shares of Chewy in the second quarter worth $23,491,000. Trust Investment Advisors lifted its position in shares of Chewy by 6.6% in the second quarter. Trust Investment Advisors now owns 61,039 shares of the company’s stock worth $2,601,000 after purchasing an additional 3,798 shares in the last quarter. SYM FINANCIAL Corp bought a new stake in shares of Chewy in the second quarter worth $228,000. Teacher Retirement System of Texas lifted its position 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 worth $1,644,000 after purchasing an additional 9,493 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Chewy in the second quarter worth $6,480,000. Institutional investors own 93.09% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Wall Street Zen lowered shares of Chewy from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Morgan Stanley cut their price objective on shares of Chewy from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Citigroup cut their price objective on shares of Chewy from $49.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chewy in a research report on Wednesday, October 8th. Finally, Robert W. Baird dropped their price target on shares of Chewy from $52.00 to $48.00 and set an “outperform” rating on the stock in a research 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 assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.84.

Insider Activity

In other news, CEO Sumit Singh sold 29,557 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.57, for a total value of $1,051,342.49. Following the transaction, the chief executive officer directly owned 540,406 shares of the company’s stock, valued at $19,222,241.42. This represents a 5.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Satish Mehta sold 8,727 shares of the 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 transaction, the chief technology officer directly owned 276,467 shares in the company, valued at $9,903,047.94. The trade was a 3.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 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.

Chewy Trading Down 1.3%

NYSE CHWY opened at $34.15 on Wednesday. The firm has a market capitalization of $14.17 billion, a P/E ratio of 97.57, a price-to-earnings-growth ratio of 8.63 and a beta of 1.62. The firm’s fifty day moving average price is $38.58 and its two-hundred day moving average price is $39.36. Chewy has a 1 year low of $26.28 and a 1 year high of $48.62.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, September 10th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.19). The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. Chewy had a net margin of 1.22% and a return on equity of 50.45%. Chewy’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period 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, research analysts anticipate that Chewy will post 0.24 EPS for the current fiscal year.

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.