Chewy $CHWY is Kazazian Asset Management LLC’s 6th Largest Position

Kazazian Asset Management LLC reduced its stake in shares of Chewy (NYSE:CHWY) by 65.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,231 shares of the company’s stock after selling 94,991 shares during the period. Chewy accounts for 2.9% of Kazazian Asset Management LLC’s investment portfolio, making the stock its 6th biggest holding. Kazazian Asset Management LLC’s holdings in Chewy were worth $2,098,000 as of its most recent filing with the Securities & Exchange Commission.

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

Chewy Trading Up 0.1%

NYSE:CHWY opened at $33.52 on Monday. The firm has a market capitalization of $13.91 billion, a PE ratio of 95.78, a PEG ratio of 8.29 and a beta of 1.67. Chewy has a 1 year low of $29.83 and a 1 year high of $48.62. The firm’s fifty day simple moving average is $36.71 and its 200 day simple moving average is $39.18.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, September 10th. The company reported $0.33 earnings per share for the quarter, hitting analysts’ consensus estimates 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 net margin of 1.22% and a return on equity of 50.45%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 EPS. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. As a group, analysts anticipate that Chewy will post 0.24 EPS for the current fiscal year.

Insider Activity at Chewy

In other Chewy news, CAO William G. Billings sold 1,121 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $32.72, for a total value of $36,679.12. Following the sale, the chief accounting officer owned 31,045 shares of the company’s stock, valued at $1,015,792.40. This trade represents a 3.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Satish Mehta sold 4,642 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $32.65, for a total value of $151,561.30. Following the transaction, the chief technology officer owned 229,702 shares of the company’s stock, valued at approximately $7,499,770.30. This trade represents a 1.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 27,629 shares of company stock worth $903,696 in the last 90 days. 0.43% of the stock is owned by company insiders.

Analyst Ratings Changes

CHWY has been the topic of several recent research reports. Wedbush reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Chewy in a research report on Thursday, September 11th. Mizuho restated an “outperform” rating and set a $50.00 price target on shares of Chewy in a report on Tuesday, November 4th. JMP Securities reaffirmed a “market outperform” rating and issued a $48.00 price objective on shares of Chewy in a research note on Thursday, September 11th. Seaport Res Ptn raised shares of Chewy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded Chewy from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $45.84.

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.