Merit Financial Group LLC Buys New Position in Chewy $CHWY

Merit Financial Group LLC bought a new stake in shares of Chewy (NYSE:CHWY) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 34,389 shares of the company’s stock, valued at approximately $1,391,000.

A number of other institutional investors also recently made changes to their positions in the stock. BC Partners PE LP bought a new position in shares of Chewy in the first quarter valued at approximately $7,142,402,000. Invesco Ltd. lifted its position in Chewy by 34.7% in the second quarter. Invesco Ltd. now owns 7,187,518 shares of the company’s stock worth $306,332,000 after purchasing an additional 1,852,531 shares during the period. State Street Corp boosted its stake in Chewy by 75.5% during the 2nd quarter. State Street Corp now owns 6,170,197 shares of the company’s stock valued at $262,974,000 after purchasing an additional 2,654,496 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Chewy by 231.1% during the 2nd quarter. AQR Capital Management LLC now owns 4,631,343 shares of the company’s stock valued at $196,323,000 after purchasing an additional 3,232,763 shares during the period. Finally, Voya Investment Management LLC increased its position in shares of Chewy by 8.2% during the 1st quarter. Voya Investment Management LLC now owns 4,146,973 shares of the company’s stock valued at $134,818,000 after purchasing an additional 312,795 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHWY has been the subject of several research analyst reports. Moffett Nathanson upgraded Chewy from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Thursday, September 25th. Mizuho reissued an “outperform” rating and issued a $50.00 price target on shares of Chewy in a report on Tuesday, November 4th. Needham & Company LLC restated a “hold” rating on shares of Chewy in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft raised shares of Chewy from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Thursday, September 11th. Finally, JMP Securities reissued a “market outperform” rating and set a $48.00 target price on shares of Chewy in a research note on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $46.58.

Insiders Place Their Bets

In other Chewy news, CEO Sumit Singh sold 40,789 shares of the business’s stock in a transaction on 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 sale, the chief executive officer directly owned 623,185 shares of the company’s stock, valued at $21,020,030.05. The trade was a 6.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Satish Mehta sold 8,872 shares of the firm’s stock in a transaction 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 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. This trade represents a 3.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 83,985 shares of company stock worth $2,802,809. Corporate insiders own 0.43% of the company’s stock.

Chewy Trading Down 3.8%

Shares of CHWY opened at $32.20 on Tuesday. The business’s 50-day moving average price is $33.43 and its 200 day moving average price is $36.88. The stock has a market capitalization of $13.36 billion, a P/E ratio of 67.09, a P/E/G 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 announced its earnings results on Wednesday, December 10th. The company reported $0.14 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 during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the business earned $0.20 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. On average, research analysts predict that Chewy will post 0.24 earnings per share for the current year.

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.