SG Americas Securities LLC Purchases 1,957,284 Shares of Chewy $CHWY

SG Americas Securities LLC raised its holdings in Chewy (NYSE:CHWY) by 764.8% in the 1st quarter, HoldingsChannel reports. The fund owned 2,213,220 shares of the company’s stock after acquiring an additional 1,957,284 shares during the period. SG Americas Securities LLC’s holdings in Chewy were worth $59,757,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CHWY. Polianta Ltd increased its holdings in Chewy by 23.6% in the first quarter. Polianta Ltd now owns 57,100 shares of the company’s stock valued at $1,541,000 after purchasing an additional 10,900 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Chewy by 392.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 275,612 shares of the company’s stock valued at $7,442,000 after buying an additional 219,696 shares during the period. Uhlmann Price Securities LLC raised its position in shares of Chewy by 10.0% during the first quarter. Uhlmann Price Securities LLC now owns 64,265 shares of the company’s stock worth $1,735,000 after acquiring an additional 5,850 shares during the last quarter. Diversified Trust Co raised its position in shares of Chewy by 12.8% during the first quarter. Diversified Trust Co now owns 28,119 shares of the company’s stock worth $759,000 after acquiring an additional 3,184 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of Chewy by 685.2% in the fourth quarter. Hsbc Holdings PLC now owns 89,204 shares of the company’s stock worth $2,956,000 after acquiring an additional 77,843 shares during the period. Institutional investors own 93.09% of the company’s stock.

Insider Activity at Chewy

In other Chewy news, General Counsel Da-Wai Hu sold 8,149 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $26.91, for a total value of $219,289.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sumit Singh sold 83,306 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $25.60, for a total transaction of $2,132,633.60. Following 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 position. 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. Over the last ninety days, insiders sold 95,675 shares of company stock valued at $2,459,955. 0.34% of the stock is currently owned by corporate insiders.

Chewy Stock Down 3.7%

NYSE CHWY opened at $17.53 on Tuesday. Chewy has a 52 week low of $17.40 and a 52 week high of $43.84. The business has a 50 day moving average price of $22.51 and a 200-day moving average price of $26.75. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 29.22, a P/E/G ratio of 0.92 and a beta of 1.44.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CHWY. Citigroup reissued a “market outperform” rating on shares of Chewy in a research report on Thursday, June 11th. Raymond James Financial reaffirmed a “buy” rating on shares of Chewy in a research note on Wednesday, June 10th. Argus upgraded shares of Chewy to a “strong-buy” rating in a research report on Tuesday, April 7th. Wedbush lowered their target price on shares of Chewy from $42.00 to $36.00 and set an “outperform” rating for the company in a research note on Thursday, March 26th. Finally, Moffett Nathanson set a $28.00 target price on shares of Chewy in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.