Sumitomo Mitsui Trust Group Inc. Sells 26,337 Shares of Chewy $CHWY

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of Chewy (NYSE:CHWY) by 81.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,806 shares of the company’s stock after selling 26,337 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Chewy were worth $247,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BC Partners PE LP bought a new position in shares of Chewy during the 1st quarter worth about $7,142,402,000. AQR Capital Management LLC raised its stake in Chewy by 3,005.1% during 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 period. Allspring Global Investments Holdings LLC boosted its holdings in Chewy by 224.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,892,344 shares of the company’s stock worth $79,214,000 after acquiring an additional 1,308,343 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Chewy by 426.1% in the first quarter. Ameriprise Financial Inc. now owns 1,189,957 shares of the company’s stock worth $38,686,000 after acquiring an additional 963,780 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its stake in Chewy by 35.7% in the first quarter. Neuberger Berman Group LLC now owns 2,304,006 shares of the company’s stock valued at $74,903,000 after acquiring an additional 606,526 shares during the period. 93.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Chewy news, CAO William G. Billings sold 20,142 shares of the firm’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 completion of the sale, the chief accounting officer directly owned 29,464 shares of the company’s stock, valued at $1,048,034.48. This trade represents a 40.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sumit Singh sold 4,264 shares of Chewy stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $35.57, for a total value of $151,670.48. Following the completion of the sale, the chief executive officer directly owned 72,549 shares of the company’s stock, valued at approximately $2,580,567.93. This trade represents a 5.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 68,657 shares of company stock valued at $2,444,311 over the last ninety days. 0.43% of the stock is currently owned by insiders.

Chewy Stock Performance

Shares of NYSE:CHWY opened at $33.68 on Friday. The company has a market capitalization of $13.97 billion, a P/E ratio of 96.22, a price-to-earnings-growth ratio of 8.41 and a beta of 1.62. The company’s 50-day moving average is $38.20 and its 200 day moving average is $39.34. Chewy has a fifty-two week low of $26.33 and a fifty-two week high of $48.62.

Chewy (NYSE:CHWY) last posted its quarterly earnings data 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 analysts’ expectations of $3.08 billion. Chewy had a return on equity of 50.45% and a net margin of 1.22%.The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.24 EPS. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. As a group, research analysts predict that Chewy will post 0.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CHWY shares. Citigroup lowered their target price on Chewy from $49.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. JPMorgan Chase & Co. decreased their price target on shares of Chewy from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, September 11th. TD Cowen lowered their price objective on shares of Chewy from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chewy in a report on Wednesday, October 8th. Finally, Mizuho raised shares of Chewy from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $44.00 to $50.00 in a research report on Monday, September 8th. Two equities 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, the stock currently has an average rating of “Moderate Buy” and an average 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.