PFG Advisors Invests $251,000 in Chewy $CHWY

PFG Advisors acquired a new stake in shares of Chewy (NYSE:CHWY) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,900 shares of the company’s stock, valued at approximately $251,000.

Other large investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its position in Chewy by 72.4% in the 1st quarter. Cerity Partners LLC now owns 29,711 shares of the company’s stock worth $966,000 after buying an additional 12,481 shares in the last quarter. State of Michigan Retirement System increased its stake in shares of Chewy by 1.5% in the first quarter. State of Michigan Retirement System now owns 39,600 shares of the company’s stock worth $1,287,000 after acquiring an additional 600 shares during the last quarter. Arizona State Retirement System boosted its position in Chewy by 2.9% during the first quarter. Arizona State Retirement System now owns 53,781 shares of the company’s stock valued at $1,748,000 after purchasing an additional 1,522 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Chewy by 1.5% during the first quarter. Louisiana State Employees Retirement System now owns 46,400 shares of the company’s stock valued at $1,508,000 after purchasing an additional 700 shares during the last quarter. Finally, CWM LLC grew its stake in Chewy by 36.6% in the first quarter. CWM LLC now owns 2,988 shares of the company’s stock valued at $97,000 after purchasing an additional 801 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CHWY shares. JMP Securities reaffirmed a “market outperform” rating and set a $48.00 price target on shares of Chewy in a research note on Thursday, September 11th. Moffett Nathanson raised shares of Chewy from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Thursday, September 25th. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research note on Thursday, September 11th. Wall Street Zen downgraded shares of Chewy from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, Seaport Res Ptn upgraded shares of Chewy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 10th. Two investment 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.84.

Chewy Stock Performance

Chewy stock opened at $32.97 on Thursday. Chewy has a 52 week low of $29.83 and a 52 week high of $48.62. The firm has a market capitalization of $13.67 billion, a PE ratio of 94.19, a PEG ratio of 8.29 and a beta of 1.67. The business’s 50-day simple moving average is $37.04 and its 200-day simple moving average is $39.22.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, September 10th. The company reported $0.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.33. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. Chewy had a return on equity of 50.45% and a net margin of 1.22%.The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 EPS. 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.

Insider Transactions at Chewy

In related news, CAO William G. Billings sold 1,121 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $32.72, for a total transaction of $36,679.12. Following the transaction, the chief accounting officer owned 31,045 shares of the company’s stock, valued at approximately $1,015,792.40. The trade was a 3.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sumit Singh sold 2,289 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $32.72, for a total transaction of $74,896.08. Following the transaction, the chief executive officer owned 75,777 shares of the company’s stock, valued at approximately $2,479,423.44. The trade was a 2.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 27,629 shares of company stock worth $903,696. Insiders own 0.43% of the company’s stock.

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.