Bank of New York Mellon Corp Cuts Stock Holdings in Chewy $CHWY

Bank of New York Mellon Corp trimmed its stake in Chewy (NYSE:CHWY) by 12.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,694,045 shares of the company’s stock after selling 528,960 shares during the period. Bank of New York Mellon Corp owned approximately 0.89% of Chewy worth $149,424,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CHWY. Royal Bank of Canada increased its holdings in shares of Chewy by 2.5% in the 1st quarter. Royal Bank of Canada now owns 220,509 shares of the company’s stock worth $7,168,000 after buying an additional 5,466 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Chewy in the first quarter worth $510,000. NewEdge Advisors LLC increased its stake in Chewy by 5,238.3% in the first quarter. NewEdge Advisors LLC now owns 32,510 shares of the company’s stock valued at $1,057,000 after acquiring an additional 31,901 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Chewy by 1.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company’s stock valued at $38,236,000 after purchasing an additional 17,788 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Chewy by 31.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 383,966 shares of the company’s stock valued at $12,483,000 after purchasing an additional 92,129 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.

Chewy Stock Performance

Shares of Chewy stock opened at $29.08 on Friday. Chewy has a 52-week low of $28.65 and a 52-week high of $48.62. The company’s 50 day moving average price is $32.85 and its 200-day moving average price is $35.73. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 60.58, a P/E/G ratio of 3.03 and a beta of 1.56.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, December 10th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. Chewy had a net margin of 1.64% and a return on equity of 56.78%. The business had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the prior year, the company posted $0.20 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. As a group, equities research analysts forecast that Chewy will post 0.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CHWY. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a report on Thursday, December 11th. Piper Sandler reaffirmed an “overweight” rating and issued a $48.00 target price on shares of Chewy in a research note on Tuesday, December 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Chewy in a research report on Wednesday, January 21st. Morgan Stanley boosted their price objective on shares of Chewy from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Finally, Wolfe Research set a $44.00 price objective on shares of Chewy in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.21.

Insider Buying and Selling

In related news, CEO Sumit Singh sold 40,789 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $33.73, for a total transaction of $1,375,812.97. Following the transaction, the chief executive officer owned 623,185 shares in the company, 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 at this link. Also, CTO Satish Mehta sold 8,872 shares of the stock in a transaction that occurred 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 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 SEC filing for this sale provides additional information. Insiders have sold 83,985 shares of company stock valued at $2,802,809 over the last ninety days. 0.43% of the stock is owned by insiders.

Chewy 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.