Northern Trust Corp Has $29.44 Million Stake in Chewy $CHWY

Northern Trust Corp lowered its stake in shares of Chewy (NYSE:CHWY) by 1.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 905,508 shares of the company’s stock after selling 16,072 shares during the period. Northern Trust Corp owned approximately 0.22% of Chewy worth $29,438,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Liberty One Investment Management LLC boosted its stake in Chewy by 4.7% during the 1st quarter. Liberty One Investment Management LLC now owns 7,051 shares of the company’s stock valued at $229,000 after purchasing an additional 314 shares during the last quarter. North Star Investment Management Corp. boosted its stake in Chewy by 26.6% during the 1st quarter. North Star Investment Management Corp. now owns 1,678 shares of the company’s stock valued at $55,000 after purchasing an additional 353 shares during the last quarter. Federated Hermes Inc. boosted 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 buying an additional 354 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Chewy by 5.3% in the 1st quarter. Park Avenue Securities LLC now owns 7,281 shares of the company’s stock worth $237,000 after buying an additional 364 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Chewy by 14.6% in the 1st quarter. Signaturefd LLC now owns 3,420 shares of the company’s stock worth $111,000 after buying an additional 436 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Trading Down 1.1%

NYSE:CHWY opened at $40.99 on Friday. The stock has a market capitalization of $17.02 billion, a PE ratio of 46.06, a price-to-earnings-growth ratio of 8.55 and a beta of 1.67. The firm’s 50 day moving average is $39.06 and its 200 day moving average is $38.11. Chewy has a 12 month low of $25.19 and a 12 month high of $48.62.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, June 11th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Chewy had a net margin of 3.21% and a return on equity of 35.04%. Chewy’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. Chewy has set its FY 2025 guidance at EPS. Research analysts predict that Chewy will post 0.24 earnings per share for the current year.

Insider Buying and Selling at Chewy

In other Chewy news, CEO Sumit Singh sold 4,264 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $151,670.48. Following the sale, the chief executive officer owned 72,549 shares of the company’s stock, valued at $2,580,567.93. The trade was a 5.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO William G. Billings sold 20,142 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $716,450.94. Following the sale, the chief accounting officer directly owned 29,464 shares in the company, valued at $1,048,034.48. The trade was a 40.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,008,777 shares of company stock worth $1,252,444,321. 0.43% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wall Street Zen downgraded Chewy from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. Jefferies Financial Group restated a “hold” rating and issued a $43.00 target price (up previously from $41.00) on shares of Chewy in a research note on Thursday, June 5th. Citigroup restated an “outperform” rating on shares of Chewy in a research note on Thursday, July 10th. Royal Bank Of Canada restated an “outperform” rating and issued a $44.00 target price (up previously from $42.00) on shares of Chewy in a research note on Thursday, June 12th. Finally, JMP Securities boosted their target price on Chewy from $39.00 to $48.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $43.78.

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.