Janney Montgomery Scott LLC Acquires 17,911 Shares of Chewy $CHWY

Janney Montgomery Scott LLC grew its holdings in Chewy (NYSE:CHWY) by 33.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,065 shares of the company’s stock after purchasing an additional 17,911 shares during the period. Janney Montgomery Scott LLC’s holdings in Chewy were worth $3,071,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHWY. BC Partners PE LP purchased a new position in shares of Chewy in the 1st quarter worth $7,142,402,000. Assenagon Asset Management S.A. purchased a new position in shares of Chewy in the 1st quarter worth $61,390,000. AQR Capital Management LLC boosted its stake in shares of Chewy by 3,005.1% in the 1st quarter. AQR Capital Management LLC now owns 1,398,580 shares of the company’s stock worth $44,041,000 after buying an additional 1,353,539 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Chewy by 426.1% in the 1st quarter. Ameriprise Financial Inc. now owns 1,189,957 shares of the company’s stock worth $38,686,000 after buying an additional 963,780 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in shares of Chewy by 35.7% in the 1st quarter. Neuberger Berman Group LLC now owns 2,304,006 shares of the company’s stock worth $74,903,000 after buying an additional 606,526 shares during the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Chewy Stock Performance

Shares of NYSE CHWY opened at $38.27 on Thursday. The stock has a 50 day moving average price of $38.64 and a 200 day moving average price of $38.85. The firm has a market capitalization of $15.88 billion, a price-to-earnings ratio of 109.34, a PEG ratio of 9.41 and a beta of 1.62. Chewy has a 52-week low of $26.28 and a 52-week high of $48.62.

Chewy (NYSE:CHWY) last posted its earnings results on Wednesday, September 10th. The company reported $0.14 earnings per share 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 analysts’ expectations of $3.08 billion. Chewy had a return on equity of 50.45% and a net margin of 1.22%.The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter 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. Analysts forecast that Chewy will post 0.24 earnings per share for the current year.

Insider Transactions at Chewy

In other news, 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 transaction, the chief technology officer directly owned 276,467 shares of the company’s stock, valued at approximately $9,903,047.94. This represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO William G. Billings sold 20,142 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $35.57, for a total value of $716,450.94. Following 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 68,657 shares of company stock valued at $2,444,311. Corporate insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. UBS Group dropped their price target on Chewy from $46.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, September 11th. Deutsche Bank Aktiengesellschaft upgraded Chewy from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Thursday, September 11th. Wedbush restated an “outperform” rating and issued a $45.00 price target on shares of Chewy in a research note on Thursday, September 11th. Guggenheim reiterated a “buy” rating and set a $45.00 target price (up from $42.00) on shares of Chewy in a research report on Thursday, June 12th. Finally, Robert W. Baird lowered their target price on Chewy from $52.00 to $48.00 and set an “outperform” rating on the stock in a research 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 assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.