Janney Montgomery Scott LLC Purchases 227,974 Shares of Chewy $CHWY

Janney Montgomery Scott LLC raised its position in Chewy (NYSE:CHWY) by 1,937.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,743 shares of the company’s stock after buying an additional 227,974 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Chewy were worth $6,473,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC lifted its holdings in shares of Chewy by 306.2% during the fourth quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock worth $28,000 after buying an additional 637 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of Chewy by 81.4% in the fourth quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock valued at $30,000 after acquiring an additional 407 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in shares of Chewy in the second quarter valued at about $30,000. Los Angeles Capital Management LLC acquired a new position in shares of Chewy in the fourth quarter valued at about $31,000. Finally, Modus Advisors LLC bought a new position in Chewy during the fourth quarter worth about $34,000. Institutional investors own 93.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CHWY shares. Wedbush dropped their price objective 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. Morgan Stanley decreased their target price on shares of Chewy from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, June 11th. Mizuho dropped their price target on shares of Chewy from $50.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, June 3rd. Argus upgraded shares of Chewy to a “strong-buy” rating in a research report on Tuesday, April 7th. Finally, Moffett Nathanson set a $28.00 price target on Chewy in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Chewy presently has a consensus rating of “Moderate Buy” and an average target price of $32.05.

Insider Buying and Selling

In related news, CEO Sumit Singh sold 4,220 shares of Chewy stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $25.60, for a total value of $108,032.00. Following the transaction, the chief executive officer directly owned 123,955 shares of the company’s stock, valued at $3,173,248. This trade represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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. Also, General Counsel Da-Wai Hu sold 4,203 shares of the business’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 transaction of $81,916.47. Following the transaction, the general counsel owned 4,103 shares of the company’s stock, valued at approximately $79,967.47. This represents a 50.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 91,729 shares of company stock valued at $2,322,582. 0.34% of the stock is currently owned by insiders.

Chewy Stock Down 0.3%

CHWY stock opened at $20.78 on Friday. Chewy has a 52 week low of $17.40 and a 52 week high of $43.50. The business has a 50-day simple moving average of $21.17 and a 200 day simple moving average of $25.88. The company has a market cap of $8.51 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 1.05 and a beta of 1.45.

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, topping analysts’ consensus estimates of $0.24 by $0.19. Chewy had a net margin of 1.99% and a return on equity of 60.02%. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. On average, analysts anticipate that Chewy will post 0.81 EPS for the current fiscal 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.