Azzad Asset Management Inc. ADV Purchases 55,826 Shares of Chewy $CHWY

Azzad Asset Management Inc. ADV increased its position in Chewy (NYSE:CHWY) by 180.3% in the first quarter, Holdings Channel.com reports. The fund owned 86,785 shares of the company’s stock after purchasing an additional 55,826 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Chewy were worth $2,343,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wellington Management Group LLP raised its stake in shares of Chewy by 295.9% in the third quarter. Wellington Management Group LLP now owns 17,622,768 shares of the company’s stock worth $712,841,000 after purchasing an additional 13,171,325 shares during the last quarter. Viking Global Investors LP boosted its position in shares of Chewy by 146.9% during the fourth quarter. Viking Global Investors LP now owns 13,536,645 shares of the company’s stock valued at $447,386,000 after buying an additional 8,052,955 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Chewy by 120.2% during the third quarter. AQR Capital Management LLC now owns 10,196,146 shares of the company’s stock valued at $407,948,000 after buying an additional 5,564,803 shares during the last quarter. Norges Bank bought a new stake in Chewy in the 4th quarter worth about $154,647,000. Finally, State Street Corp increased its holdings in Chewy by 75.5% in the 2nd quarter. State Street Corp now owns 6,170,197 shares of the company’s stock worth $262,974,000 after buying an additional 2,654,496 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Bank of America decreased their target price on Chewy from $33.00 to $31.00 in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Chewy from $45.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, June 11th. Raymond James Financial reissued a “buy” rating on shares of Chewy in a report on Wednesday, June 10th. Argus upgraded shares of Chewy to a “strong-buy” rating in a research report on Tuesday, April 7th. Finally, Piper Sandler set a $30.00 target price on shares of Chewy in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.05.

Chewy Stock Up 0.8%

NYSE CHWY opened at $20.83 on Friday. Chewy has a 52 week low of $17.40 and a 52 week high of $43.50. The company has a market capitalization of $8.53 billion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of 1.04 and a beta of 1.45. The stock’s 50-day moving average price is $20.68 and its 200-day moving average price is $25.46.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, June 10th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.19. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.35 billion. Chewy had a return on equity of 60.02% and a net margin of 1.99%.The firm’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 EPS. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. Research analysts anticipate that Chewy will post 0.8 EPS for the current year.

Insider Activity at Chewy

In other Chewy news, General Counsel Da-Wai Hu sold 4,203 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $19.49, for a total value of $81,916.47. Following the completion of the transaction, the general counsel directly owned 4,103 shares in the company, valued at $79,967.47. This represents a 50.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sumit Singh sold 83,306 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $25.60, for a total transaction of $2,132,633.60. Following the completion of the transaction, the chief executive officer owned 874,061 shares of the company’s stock, valued at approximately $22,375,961.60. The trade was a 8.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 91,729 shares of company stock worth $2,322,582 in the last ninety days. Insiders own 0.34% 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.