Baird Financial Group Inc. Acquires New Shares in Chewy $CHWY

Baird Financial Group Inc. acquired a new stake in Chewy (NYSE:CHWY) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,646 shares of the company’s stock, valued at approximately $379,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Liberty One Investment Management LLC boosted its position in shares of Chewy by 4.7% during the first quarter. Liberty One Investment Management LLC now owns 7,051 shares of the company’s stock worth $229,000 after buying an additional 314 shares during the period. North Star Investment Management Corp. boosted its position in shares of Chewy by 26.6% during the first quarter. North Star Investment Management Corp. now owns 1,678 shares of the company’s stock worth $55,000 after buying an additional 353 shares during the period. Federated Hermes Inc. boosted its position in shares of Chewy by 2.3% during the first 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 period. Park Avenue Securities LLC boosted its position in shares of Chewy by 5.3% during the first 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 period. Finally, Signaturefd LLC boosted its position in shares of Chewy by 14.6% during the first quarter. Signaturefd LLC now owns 3,420 shares of the company’s stock worth $111,000 after buying an additional 436 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chewy

In other news, CEO Sumit Singh sold 4,264 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $35.57, for a total value of $151,670.48. Following the sale, the chief executive officer directly owned 72,549 shares in the company, valued at approximately $2,580,567.93. This trade represents a 5.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Satish Mehta sold 8,727 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $35.82, for a total value of $312,601.14. Following the sale, the chief technology officer directly owned 276,467 shares in the company, valued at approximately $9,903,047.94. This trade represents a 3.06% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,008,777 shares of company stock valued at $1,252,444,321. 0.43% of the stock is currently owned by company insiders.

Chewy Stock Performance

CHWY opened at $36.03 on Friday. Chewy has a fifty-two week low of $26.28 and a fifty-two week high of $48.62. The company has a market capitalization of $14.96 billion, a P/E ratio of 102.94, a P/E/G ratio of 7.35 and a beta of 1.65. The stock has a fifty day moving average of $38.60 and a 200-day moving average of $38.30.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, September 10th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). The company had revenue of $3.10 billion for 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%.The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company 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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Royal Bank Of Canada reduced their price target on Chewy from $44.00 to $43.00 and set an “outperform” rating for the company in a research report on Thursday. Morgan Stanley reduced their price target on Chewy from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday. Jefferies Financial Group reissued a “hold” rating and set a $43.00 price target (up from $41.00) on shares of Chewy in a research report on Thursday, June 5th. Citigroup reduced their price target on Chewy from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Mizuho raised Chewy from a “neutral” rating to an “outperform” rating and increased their price target for the company from $44.00 to $50.00 in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.72.

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.