Swiss National Bank Has $17.75 Million Stake in Chewy $CHWY

Swiss National Bank grew its stake in shares of Chewy (NYSE:CHWY) by 14.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 416,400 shares of the company’s stock after purchasing an additional 53,100 shares during the period. Swiss National Bank owned about 0.10% of Chewy worth $17,747,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CHWY. Parkside Financial Bank & Trust raised its position in Chewy by 34.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock valued at $49,000 after buying an additional 298 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Chewy by 2.3% in the 1st quarter. Federated Hermes Inc. now owns 15,685 shares of the company’s stock worth $510,000 after acquiring an additional 354 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Chewy by 1.4% in the 2nd quarter. Los Angeles Capital Management LLC now owns 28,418 shares of the company’s stock worth $1,211,000 after acquiring an additional 384 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Chewy by 13.7% in the second quarter. GAMMA Investing LLC now owns 3,369 shares of the company’s stock valued at $144,000 after purchasing an additional 405 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of Chewy by 2.8% during the second quarter. Hantz Financial Services Inc. now owns 15,637 shares of the company’s stock valued at $666,000 after purchasing an additional 425 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CHWY. Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a research report on Thursday, September 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chewy in a report on Wednesday, October 8th. UBS Group cut their price objective on Chewy from $46.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, September 11th. JPMorgan Chase & Co. reduced their price objective on Chewy from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, September 11th. 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 analysts have rated the stock with a Strong Buy rating, nineteen have given 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 an average price target of $45.83.

Insider Transactions at Chewy

In other news, CAO William G. Billings sold 1,121 shares of Chewy 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 $36,679.12. Following the completion of the transaction, the chief accounting officer directly owned 31,045 shares in the company, valued at approximately $1,015,792.40. This trade represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sumit Singh sold 2,289 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $32.72, for a total transaction of $74,896.08. Following the sale, the chief executive officer directly owned 75,777 shares in the company, valued at $2,479,423.44. This trade represents a 2.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 27,629 shares of company stock worth $903,696. Company insiders own 0.43% of the company’s stock.

Chewy Stock Performance

Chewy stock opened at $34.29 on Thursday. Chewy has a fifty-two week low of $29.83 and a fifty-two week high of $48.62. The stock has a market cap of $14.22 billion, a P/E ratio of 97.97, a price-to-earnings-growth ratio of 8.29 and a beta of 1.67. The firm’s fifty day moving average price is $36.05 and its 200-day moving average price is $38.94.

Chewy (NYSE:CHWY) last announced its 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. Chewy had a net margin of 1.22% and a return on equity of 50.45%. The company 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 firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. On average, analysts predict that Chewy will post 0.24 earnings per share for the current year.

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.