Merit Financial Group LLC Purchases New Holdings in Chewy $CHWY

Merit Financial Group LLC acquired a new stake in shares of Chewy (NYSE:CHWY) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 34,389 shares of the company’s stock, valued at approximately $1,391,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CHWY. Osterweis Capital Management Inc. purchased a new position in shares of Chewy during the 2nd quarter valued at approximately $30,000. Princeton Global Asset Management LLC bought a new position in Chewy during the 3rd quarter valued at $40,000. EverSource Wealth Advisors LLC boosted its stake in Chewy by 412.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,091 shares of the company’s stock valued at $46,000 after acquiring an additional 878 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Chewy by 34.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock worth $49,000 after acquiring an additional 298 shares in the last quarter. Finally, Hughes Financial Services LLC bought a new stake in shares of Chewy in the 2nd quarter worth about $55,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chewy

In related news, CTO Satish Mehta sold 8,872 shares of the firm’s 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 directly owned 229,702 shares in the company, valued at $7,701,908.06. This trade represents a 3.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO William G. Billings sold 1,121 shares of Chewy stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $32.72, for a total value of $36,679.12. Following the sale, the chief accounting officer directly owned 31,045 shares in the company, valued at $1,015,792.40. The trade was a 3.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 83,985 shares of company stock worth $2,802,809. 0.43% of the stock is owned by company insiders.

Chewy Stock Performance

Shares of CHWY opened at $32.20 on Tuesday. The firm has a fifty day moving average of $33.43 and a 200-day moving average of $36.88. The company has a market cap of $13.36 billion, a price-to-earnings ratio of 67.09, a price-to-earnings-growth ratio of 3.38 and a beta of 1.56. Chewy has a 1 year low of $29.83 and a 1 year high of $48.62.

Chewy (NYSE:CHWY) last released 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 analyst estimates of $3.10 billion. Chewy had a return on equity of 56.78% and a net margin of 1.64%.The firm’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the business earned $0.20 EPS. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. Analysts predict that Chewy will post 0.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chewy in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on Chewy from $47.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, September 11th. Robert W. Baird decreased their target price on Chewy from $52.00 to $48.00 and set an “outperform” rating for the company in a research report on Thursday, September 11th. Wall Street Zen lowered Chewy from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, Barclays raised their price objective on Chewy from $47.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Chewy currently has an average rating of “Moderate Buy” and an average price target of $46.58.

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.