Farther Finance Advisors LLC Has $159,000 Stock Holdings in Chewy $CHWY

Farther Finance Advisors LLC boosted its holdings in Chewy (NYSE:CHWY) by 32.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,720 shares of the company’s stock after acquiring an additional 911 shares during the quarter. Farther Finance Advisors LLC’s holdings in Chewy were worth $159,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CHWY. Mackenzie Financial Corp bought a new position in Chewy in the 4th quarter valued at about $318,000. GAMMA Investing LLC lifted its position in Chewy by 13,804.8% in the 1st quarter. GAMMA Investing LLC now owns 96,360 shares of the company’s stock valued at $2,964,000 after acquiring an additional 95,667 shares in the last quarter. Parallel Advisors LLC lifted its position in Chewy by 150.2% in the 1st quarter. Parallel Advisors LLC now owns 788 shares of the company’s stock valued at $26,000 after acquiring an additional 473 shares in the last quarter. Rhumbline Advisers lifted its position in Chewy by 10.1% in the 1st quarter. Rhumbline Advisers now owns 280,851 shares of the company’s stock valued at $9,130,000 after acquiring an additional 25,755 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in Chewy by 23.3% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 7,578 shares of the company’s stock valued at $246,000 after acquiring an additional 1,431 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Insider Activity

In related news, CAO William G. Billings sold 20,142 shares of the company’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $35.57, for a total value of $716,450.94. Following the completion of the transaction, the chief accounting officer directly owned 29,464 shares in the company, valued at approximately $1,048,034.48. The trade was a 40.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Satish Mehta sold 8,727 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $35.82, for a total transaction of $312,601.14. Following the completion of the transaction, the chief technology officer owned 276,467 shares of the company’s stock, valued at $9,903,047.94. This trade represents a 3.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,657 shares of company stock worth $2,444,311 in the last three months. Corporate insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

CHWY has been the topic of several recent analyst reports. Robert W. Baird dropped their target price on shares of Chewy from $52.00 to $48.00 and set an “outperform” rating on the stock in a research report on Thursday, September 11th. TD Cowen dropped their target price on shares of Chewy from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Deutsche Bank Aktiengesellschaft raised shares of Chewy from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Thursday, September 11th. Morgan Stanley dropped their target price on shares of Chewy from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Finally, Wall Street Zen cut shares of Chewy from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $45.84.

Chewy Stock Performance

Shares of NYSE CHWY opened at $39.29 on Friday. The stock has a market cap of $16.30 billion, a PE ratio of 112.27, a price-to-earnings-growth ratio of 9.82 and a beta of 1.62. Chewy has a fifty-two week low of $26.28 and a fifty-two week high of $48.62. The stock has a fifty day moving average of $38.52 and a 200-day moving average of $38.70.

Chewy (NYSE:CHWY) last released its quarterly earnings results on Wednesday, September 10th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Chewy had a net margin of 1.22% and a return on equity of 50.45%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 earnings per share. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. On average, sell-side analysts predict that Chewy will post 0.24 EPS 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.