Pallas Capital Advisors LLC Purchases Shares of 43,940 Chewy $CHWY

Pallas Capital Advisors LLC purchased a new position in shares of Chewy (NYSE:CHWY) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 43,940 shares of the company’s stock, valued at approximately $1,777,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Quent Capital LLC acquired a new stake in Chewy during the 3rd quarter worth approximately $27,000. Osterweis Capital Management Inc. purchased a new stake in Chewy during the second quarter worth approximately $30,000. Princeton Global Asset Management LLC purchased a new stake in Chewy during the third quarter worth approximately $40,000. EverSource Wealth Advisors LLC increased its position in shares of Chewy by 412.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,091 shares of the company’s stock worth $46,000 after acquiring an additional 878 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Chewy by 34.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock valued at $49,000 after acquiring an additional 298 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CTO Satish Mehta sold 13,013 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $28.99, for a total value of $377,246.87. Following the completion of the sale, the chief technology officer owned 273,835 shares of the company’s stock, valued at approximately $7,938,476.65. The trade was a 4.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sumit Singh sold 40,789 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $33.73, for a total transaction of $1,375,812.97. Following the completion of the sale, the chief executive officer owned 623,185 shares in the company, valued at approximately $21,020,030.05. This trade represents a 6.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 69,369 shares of company stock valued at $2,276,360. Insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on CHWY shares. TD Cowen reaffirmed a “buy” rating on shares of Chewy in a research report on Thursday, December 4th. 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. Morgan Stanley upped their target price on Chewy from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. UBS Group set a $51.00 target price on Chewy in a report on Tuesday, January 13th. Finally, Needham & Company LLC restated a “hold” rating on shares of Chewy in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.21.

Chewy Stock Performance

Shares of NYSE CHWY opened at $24.24 on Tuesday. Chewy has a 1 year low of $24.01 and a 1 year high of $48.62. The stock’s 50-day simple moving average is $31.21 and its 200-day simple moving average is $34.88. The firm has a market cap of $10.06 billion, a price-to-earnings ratio of 50.50, a PEG ratio of 1.63 and a beta of 1.59.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, December 10th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Chewy had a return on equity of 56.78% and a net margin of 1.64%.The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the business posted $0.20 earnings per share. Chewy’s revenue for the quarter was up 8.1% on a year-over-year basis. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. As a group, research analysts predict 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.