Brookstone Capital Management Purchases New Position in Chewy $CHWY

Brookstone Capital Management purchased a new stake in Chewy (NYSE:CHWY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,888 shares of the company’s stock, valued at approximately $643,000.

Several other institutional investors have also modified their holdings of the stock. Vontobel Holding Ltd. grew its position in shares of Chewy by 11.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 20,473 shares of the company’s stock valued at $828,000 after buying an additional 2,022 shares during the last quarter. DAVENPORT & Co LLC lifted its position in Chewy by 16.2% in the third quarter. DAVENPORT & Co LLC now owns 50,083 shares of the company’s stock valued at $2,026,000 after acquiring an additional 6,968 shares during the last quarter. Andrew Hill Investment Advisors Inc. boosted its stake in Chewy by 105.2% in the third quarter. Andrew Hill Investment Advisors Inc. now owns 26,406 shares of the company’s stock valued at $1,068,000 after acquiring an additional 13,535 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Chewy by 62.4% during the third quarter. Farther Finance Advisors LLC now owns 6,043 shares of the company’s stock worth $244,000 after purchasing an additional 2,323 shares during the last quarter. Finally, Parcion Private Wealth LLC acquired a new stake in shares of Chewy during the third quarter worth about $307,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Insider Transactions at Chewy

In other Chewy news, CTO Satish Mehta sold 8,872 shares of Chewy stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $33.53, for a total value of $297,478.16. Following the sale, the chief technology officer owned 229,702 shares of the company’s stock, valued at approximately $7,701,908.06. The trade was a 3.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sumit Singh sold 40,789 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $33.73, for a total value of $1,375,812.97. Following the transaction, the chief executive officer directly owned 623,185 shares of the company’s stock, valued at approximately $21,020,030.05. This trade represents a 6.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 83,985 shares of company stock worth $2,802,809 over the last ninety days. 0.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CHWY has been the subject of a number of research analyst reports. UBS Group set a $42.00 target price on Chewy in a research report on Thursday, December 11th. The Goldman Sachs Group increased their price objective on Chewy from $44.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Wall Street Zen lowered shares of Chewy from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. TD Cowen reduced their price target on shares of Chewy from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Finally, Piper Sandler reiterated an “overweight” rating and set a $48.00 price target on shares of Chewy in a research note on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Chewy has a consensus rating of “Moderate Buy” and a consensus target price of $46.72.

Chewy Trading Down 1.3%

NYSE:CHWY opened at $32.84 on Wednesday. Chewy has a 12-month low of $29.83 and a 12-month high of $48.62. The stock’s 50 day simple moving average is $33.64 and its 200-day simple moving average is $37.12. The firm has a market cap of $13.63 billion, a P/E ratio of 68.41, a PEG ratio of 3.35 and a beta of 1.58.

Chewy (NYSE:CHWY) last posted 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 firm had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Chewy had a net margin of 1.64% and a return on equity of 56.78%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned $0.20 earnings per share. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. Research analysts forecast that Chewy will post 0.24 EPS for the current fiscal year.

Chewy Profile

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.