AMI Asset Management Corp Cuts Position in Chewy $CHWY

AMI Asset Management Corp trimmed its position in shares of Chewy (NYSE:CHWY) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 808,660 shares of the company’s stock after selling 25,829 shares during the period. Chewy makes up approximately 1.8% of AMI Asset Management Corp’s holdings, making the stock its 26th biggest holding. AMI Asset Management Corp owned approximately 0.19% of Chewy worth $32,710,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHWY. American Century Companies Inc. raised its stake in Chewy by 130.3% during the first quarter. American Century Companies Inc. now owns 26,973 shares of the company’s stock valued at $877,000 after purchasing an additional 15,263 shares in the last quarter. Hsbc Holdings PLC purchased a new position in shares of Chewy in the 1st quarter worth $298,000. Ameriprise Financial Inc. increased its holdings 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. Kestra Advisory Services LLC raised its position in shares of Chewy by 19.6% during the 1st quarter. Kestra Advisory Services LLC now owns 49,007 shares of the company’s stock valued at $1,593,000 after buying an additional 8,048 shares in the last quarter. Finally, Comerica Bank lifted its holdings in shares of Chewy by 1.5% in the 1st quarter. Comerica Bank now owns 68,798 shares of the company’s stock valued at $2,237,000 after acquiring an additional 1,025 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CHWY has been the topic of several analyst reports. The Goldman Sachs Group boosted their price objective on Chewy from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Chewy in a research report on Wednesday, October 8th. Barclays increased their price target on Chewy from $47.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. JMP Securities reaffirmed a “market outperform” rating and set a $48.00 price objective on shares of Chewy in a research note on Thursday, September 11th. Finally, Morgan Stanley cut their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.72.

Insider Buying and Selling

In related news, CTO Satish Mehta sold 8,872 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $33.53, for a total transaction of $297,478.16. Following the completion of the sale, the chief technology officer owned 229,702 shares of the company’s stock, valued at $7,701,908.06. This represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO William G. Billings sold 1,121 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $32.72, for a total value of $36,679.12. Following the transaction, the chief accounting officer directly owned 31,045 shares in the company, valued at $1,015,792.40. This represents a 3.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 83,985 shares of company stock worth $2,802,809 in the last 90 days. 0.43% of the stock is owned by corporate insiders.

Chewy Trading Down 0.3%

CHWY opened at $31.88 on Friday. The firm has a market cap of $13.23 billion, a price-to-earnings ratio of 66.42, a PEG ratio of 3.22 and a beta of 1.58. Chewy has a 12 month low of $29.83 and a 12 month high of $48.62. The stock has a fifty day moving average price of $33.90 and a 200-day moving average price of $37.42.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, December 10th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). The company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.10 billion. Chewy had a net margin of 1.64% and a return on equity of 56.78%. Chewy’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 EPS. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. On average, equities research analysts forecast that Chewy will post 0.24 EPS for the current year.

About Chewy

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.