Federated Hermes Inc. Buys 640,490 Shares of Chewy $CHWY

Federated Hermes Inc. boosted its stake in Chewy (NYSE:CHWY) by 2,715.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 664,079 shares of the company’s stock after purchasing an additional 640,490 shares during the quarter. Federated Hermes Inc. owned about 0.16% of Chewy worth $26,862,000 at the end of the most recent reporting period.

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

Chewy Stock Performance

Shares of CHWY opened at $29.08 on Friday. The firm has a market cap of $12.07 billion, a PE ratio of 60.58, a price-to-earnings-growth ratio of 3.03 and a beta of 1.56. Chewy has a 52-week low of $28.65 and a 52-week high of $48.62. The business’s 50 day moving average price is $32.85 and its two-hundred day moving average price is $35.75.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, December 10th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. 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 quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.20 EPS. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. Research analysts predict that Chewy will post 0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CHWY. UBS Group set a $51.00 price target on shares of Chewy in a research note on Tuesday, January 13th. Piper Sandler reaffirmed an “overweight” rating and set a $48.00 target price on shares of Chewy in a report on Tuesday, December 2nd. Barclays upped their price target on Chewy from $47.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, December 11th. Citigroup restated a “market outperform” rating on shares of Chewy in a research report on Monday, November 24th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.21.

Insider Activity at Chewy

In other news, CAO William G. Billings sold 1,121 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $32.72, for a total transaction of $36,679.12. Following the transaction, the chief accounting officer directly owned 31,045 shares of the company’s stock, valued at $1,015,792.40. This represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Satish Mehta sold 8,872 shares of Chewy stock in a transaction 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 directly 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 SEC filing for this sale provides additional information. Insiders sold 83,985 shares of company stock valued at $2,802,809 in the last three months. Corporate insiders own 0.43% of the company’s stock.

Chewy Company 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.