AMI Asset Management Corp Sells 47,548 Shares of Chewy $CHWY

AMI Asset Management Corp trimmed its holdings in shares of Chewy (NYSE:CHWY) by 6.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 742,991 shares of the company’s stock after selling 47,548 shares during the period. Chewy comprises approximately 1.3% of AMI Asset Management Corp’s investment portfolio, making the stock its 29th largest holding. AMI Asset Management Corp’s holdings in Chewy were worth $20,061,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHWY. CoreCap Advisors LLC raised its position in shares of Chewy by 306.2% during the 4th quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after buying an additional 637 shares in the last quarter. Harbour Investments Inc. raised its stake in Chewy by 81.4% during the fourth quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock valued at $30,000 after buying an additional 407 shares during the last quarter. Osterweis Capital Management Inc. purchased a new stake in shares of Chewy during the second quarter valued at approximately $30,000. Los Angeles Capital Management LLC bought a new stake in shares of Chewy in the 4th quarter worth $31,000. Finally, Modus Advisors LLC purchased a new stake in Chewy in the fourth quarter worth approximately $34,000. Institutional investors own 93.09% of the company’s stock.

Chewy Price Performance

CHWY opened at $19.48 on Tuesday. Chewy has a 1 year low of $17.40 and a 1 year high of $43.50. The stock has a market cap of $7.98 billion, a P/E ratio of 32.47, a P/E/G ratio of 0.93 and a beta of 1.44. The firm has a fifty day moving average price of $21.76 and a 200 day moving average price of $26.21.

Chewy (NYSE:CHWY) last announced its earnings results 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. Chewy had a return on equity of 60.02% and a net margin of 1.99%.The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter last year, the firm posted $0.35 EPS. The business’s revenue was up 9.7% on a year-over-year basis. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. Equities analysts expect that Chewy will post 0.8 EPS for the current year.

Insiders Place Their Bets

In other Chewy news, General Counsel Da-Wai Hu sold 8,149 shares of Chewy stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total transaction of $219,289.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sumit Singh sold 83,306 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 874,061 shares in the company, valued at $22,375,961.60. This trade represents a 8.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Over the last quarter, insiders have sold 95,675 shares of company stock valued at $2,459,955. Company insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

CHWY has been the topic of several recent research reports. The Goldman Sachs Group decreased their price target on shares of Chewy from $46.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, June 12th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Chewy in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft dropped their price objective on Chewy from $45.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, June 11th. UBS Group decreased their target price on Chewy from $32.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, June 11th. Finally, Robert W. Baird dropped their price objective on Chewy from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, June 11th. One 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 issued a Sell rating to the company. According to MarketBeat.com, Chewy presently has an average rating of “Moderate Buy” and an average target price of $32.05.

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.