MTM Investment Management LLC Buys New Position in Chewy $CHWY

MTM Investment Management LLC purchased a new stake in Chewy (NYSE:CHWY) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,575 shares of the company’s stock, valued at approximately $67,000.

Other hedge funds have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its holdings in Chewy by 34.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock worth $49,000 after purchasing an additional 298 shares in the last quarter. Hughes Financial Services LLC purchased a new stake in Chewy in the second quarter worth about $55,000. N.E.W. Advisory Services LLC purchased a new position in shares of Chewy during the 1st quarter worth approximately $44,000. Parallel Advisors LLC lifted its stake in shares of Chewy by 73.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,365 shares of the company’s stock valued at $58,000 after purchasing an additional 577 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Chewy by 1,816.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the company’s stock valued at $64,000 after buying an additional 1,417 shares in the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Chewy

In related news, CEO Sumit Singh sold 16,289 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $32.72, for a total value of $532,976.08. Following the transaction, the chief executive officer directly owned 563,408 shares of the company’s stock, valued at approximately $18,434,709.76. This trade represents a 2.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO William G. Billings sold 1,121 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $32.72, for a total value of $36,679.12. Following the sale, the chief accounting officer directly owned 31,045 shares of the company’s stock, valued at $1,015,792.40. This represents a 3.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,629 shares of company stock worth $903,696 in the last 90 days. 0.43% of the stock is currently owned by insiders.

Chewy Stock Performance

CHWY stock opened at $33.52 on Monday. The business’s 50-day moving average is $36.71 and its two-hundred day moving average is $39.18. The company has a market cap of $13.91 billion, a price-to-earnings ratio of 95.78, a P/E/G ratio of 8.29 and a beta of 1.67. Chewy has a fifty-two week low of $29.83 and a fifty-two week high of $48.62.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CHWY shares. Wall Street Zen cut shares of Chewy from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Wedbush reiterated an “outperform” rating and issued a $45.00 target price on shares of Chewy in a research note on Thursday, September 11th. Citigroup cut their price target on shares of Chewy from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. TD Cowen decreased their price objective on shares of Chewy from $50.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Finally, UBS Group cut their target price on Chewy from $46.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.84.

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.