Envestnet Asset Management Inc. Acquires 65,763 Shares of Chewy $CHWY

Envestnet Asset Management Inc. increased its holdings in shares of Chewy (NYSE:CHWY) by 28.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 300,592 shares of the company’s stock after purchasing an additional 65,763 shares during the period. Envestnet Asset Management Inc. owned approximately 0.07% of Chewy worth $12,159,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Quent Capital LLC bought a new position in shares of Chewy during the 3rd quarter worth approximately $27,000. Osterweis Capital Management Inc. acquired a new position in shares of Chewy during the 2nd quarter valued at $30,000. Princeton Global Asset Management LLC acquired a new position in shares of Chewy during the 3rd quarter valued at $40,000. EverSource Wealth Advisors LLC boosted its stake in Chewy by 412.2% during 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 grew its holdings in Chewy by 34.5% in the second quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock worth $49,000 after purchasing an additional 298 shares during the period. 93.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CHWY. UBS Group set a $51.00 price objective on shares of Chewy in a report on Tuesday, January 13th. Morgan Stanley upped their price target on Chewy from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Chewy in a research note on Wednesday, January 21st. Needham & Company LLC restated a “hold” rating on shares of Chewy in a report on Thursday, December 11th. Finally, Wolfe Research set a $44.00 target price on Chewy in a research report on Monday, January 5th. Sixteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.21.

Insider Activity

In related news, CTO Satish Mehta sold 13,013 shares of Chewy stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $28.99, for a total transaction of $377,246.87. Following the sale, the chief technology officer directly owned 273,835 shares in the company, valued at approximately $7,938,476.65. This trade represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sumit Singh sold 40,789 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 623,185 shares in the company, valued at approximately $21,020,030.05. This represents a 6.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 69,369 shares of company stock valued at $2,276,360. Company insiders own 0.43% of the company’s stock.

Chewy Stock Down 1.7%

Shares of NYSE:CHWY opened at $23.82 on Wednesday. The business’s 50 day moving average is $30.99 and its 200 day moving average is $34.79. Chewy has a 12-month low of $23.06 and a 12-month high of $48.62. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 49.63, a PEG ratio of 1.63 and a beta of 1.59.

Chewy (NYSE:CHWY) last released 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. The business 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%.Chewy’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 EPS. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. As a group, equities research analysts expect that Chewy will post 0.24 earnings per share for the current 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.