CENTRAL TRUST Co Increases Stock Holdings in Chewy $CHWY

CENTRAL TRUST Co boosted its stake in Chewy (NYSE:CHWY) by 48.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 12,132 shares of the company’s stock after purchasing an additional 3,979 shares during the quarter. CENTRAL TRUST Co’s holdings in Chewy were worth $517,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cerity Partners LLC lifted its position in shares of 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 purchasing an additional 12,481 shares during the period. Arizona State Retirement System raised its stake in Chewy by 2.9% in the first quarter. Arizona State Retirement System now owns 53,781 shares of the company’s stock worth $1,748,000 after buying an additional 1,522 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in Chewy by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 46,400 shares of the company’s stock worth $1,508,000 after buying an additional 700 shares during the period. CWM LLC lifted its holdings in Chewy by 36.6% in the first quarter. CWM LLC now owns 2,988 shares of the company’s stock worth $97,000 after buying an additional 801 shares during the period. Finally, Signaturefd LLC boosted its position in Chewy by 14.6% during the 1st quarter. Signaturefd LLC now owns 3,420 shares of the company’s stock valued at $111,000 after acquiring an additional 436 shares in the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CHWY shares. Seaport Res Ptn raised Chewy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 10th. JPMorgan Chase & Co. reduced their price target on Chewy from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, September 11th. TD Cowen decreased their price objective on Chewy from $50.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Royal Bank Of Canada dropped their target price on shares of Chewy from $44.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, September 11th. Finally, Citigroup reduced their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Chewy has an average rating of “Moderate Buy” and a consensus price target of $45.84.

Insiders Place Their Bets

In other news, CEO Sumit Singh sold 16,289 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $32.72, for a total transaction of $532,976.08. Following the sale, the chief executive officer owned 563,408 shares in the company, valued at $18,434,709.76. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Satish Mehta sold 4,642 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $32.65, for a total transaction of $151,561.30. Following the sale, the chief technology officer directly owned 229,702 shares of the company’s stock, valued at $7,499,770.30. This trade represents a 1.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 27,629 shares of company stock valued at $903,696. Insiders own 0.43% of the company’s stock.

Chewy Trading Up 1.5%

Chewy stock opened at $33.51 on Friday. Chewy has a 12 month low of $29.83 and a 12 month high of $48.62. The company has a market capitalization of $13.90 billion, a price-to-earnings ratio of 95.74, a price-to-earnings-growth ratio of 8.16 and a beta of 1.67. The business’s fifty day simple moving average is $36.89 and its two-hundred day simple moving average is $39.18.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, September 10th. The company reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.33. The firm had revenue of $3.10 billion during 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%.Chewy’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. On average, equities research analysts predict that Chewy will post 0.24 EPS for the current year.

Chewy 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.