AMI Asset Management Corp Trims Stock Holdings in Chewy $CHWY

AMI Asset Management Corp decreased its position in shares of Chewy (NYSE:CHWY) by 3.1% in the third quarter, HoldingsChannel reports. The firm owned 808,660 shares of the company’s stock after selling 25,829 shares during the quarter. Chewy accounts for 1.8% of AMI Asset Management Corp’s portfolio, making the stock its 26th biggest position. AMI Asset Management Corp’s holdings in Chewy were worth $32,710,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CHWY. Osterweis Capital Management Inc. acquired a new stake in Chewy during the second quarter worth about $30,000. Princeton Global Asset Management LLC purchased a new stake in Chewy during the third quarter worth $40,000. EverSource Wealth Advisors LLC grew its position in Chewy by 412.2% during the second 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 period. Parkside Financial Bank & Trust increased 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 valued at $49,000 after buying an additional 298 shares in the last quarter. Finally, Hughes Financial Services LLC acquired a new position in shares of Chewy in the second quarter worth about $55,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Chewy Stock Down 0.3%

NYSE CHWY opened at $31.88 on Friday. The business’s fifty day simple moving average is $33.90 and its 200-day simple moving average is $37.42. The firm has a market cap of $13.23 billion, a PE ratio of 66.42, a P/E/G ratio of 3.22 and a beta of 1.58. Chewy has a 52 week low of $29.83 and a 52 week 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 (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.17). Chewy had a return on equity of 56.78% and a net margin of 1.64%.The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous 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. Research analysts expect that Chewy will post 0.24 EPS for the current year.

Analysts Set New Price Targets

CHWY has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their target price on Chewy from $47.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Moffett Nathanson upgraded Chewy from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Thursday, September 25th. Citigroup reiterated a “market outperform” rating on shares of Chewy in a research report on Monday, November 24th. TD Cowen dropped their price target on shares of Chewy from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Finally, Cowen restated a “buy” rating on shares of Chewy in a research report on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.72.

Insider Transactions at Chewy

In other news, CAO William G. Billings sold 1,121 shares of Chewy stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $32.72, for a total transaction of $36,679.12. Following the sale, the chief accounting officer owned 31,045 shares of the company’s stock, valued at approximately $1,015,792.40. The trade was a 3.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sumit Singh sold 40,789 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were 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 owned 623,185 shares in the company, valued at $21,020,030.05. This represents a 6.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 83,985 shares of company stock worth $2,802,809 in the last 90 days. 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.