Chewy $CHWY Shares Acquired by Amundi

Key Points

• Amundi increased its stake in Chewy by 520.9% in Q1, owning approximately $8.80 million worth of the stock.
• Chewy's stock opened at $42.23, showing a 12-month range with a low of $26.28 and a high of $48.62.
• Insider sales included significant transactions by CAO William G. Billings and CTO Satish Mehta, with insiders selling a total of 30 million shares valued at over $1.25 billion in the last quarter.

Amundi boosted its stake in Chewy (NYSE:CHWY - Free Report) by 520.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 261,238 shares of the company's stock after buying an additional 219,163 shares during the period. Amundi owned approximately 0.06% of Chewy worth $8,796,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHWY. Maverick Capital Ltd. grew its position in Chewy by 242.1% in the 1st quarter. Maverick Capital Ltd. now owns 200,849 shares of the company's stock valued at $6,530,000 after acquiring an additional 142,133 shares in the last quarter. Royal Bank of Canada grew its position in Chewy by 2.5% in the 1st quarter. Royal Bank of Canada now owns 220,509 shares of the company's stock valued at $7,168,000 after acquiring an additional 5,466 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new position in Chewy in the 1st quarter valued at about $210,000. DRW Securities LLC acquired a new position in Chewy in the 1st quarter valued at about $234,000. Finally, Baird Financial Group Inc. acquired a new position in Chewy in the 1st quarter valued at about $379,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO William G. Billings sold 20,142 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $35.57, for a total transaction of $716,450.94. Following the sale, the chief accounting officer directly owned 29,464 shares in the company, valued at approximately $1,048,034.48. This trade represents a 40.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $41.75, for a total value of $1,250,000,010.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,008,777 shares of company stock valued at $1,252,444,321. Corporate insiders own 0.43% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on CHWY. Guggenheim reaffirmed a "buy" rating and issued a $45.00 target price (up from $42.00) on shares of Chewy in a research report on Thursday, June 12th. Cowen reissued a "buy" rating on shares of Chewy in a research report on Friday, June 6th. Deutsche Bank Aktiengesellschaft raised Chewy from a "hold" rating to a "buy" rating and set a $45.00 price objective for the company in a research report on Thursday. JMP Securities reissued a "market outperform" rating and set a $48.00 price objective on shares of Chewy in a research report on Thursday. Finally, Wall Street Zen raised Chewy from a "hold" rating to a "buy" rating in a research report on Saturday. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $45.72.

Chewy Stock Performance

NYSE:CHWY traded up $1.86 during trading hours on Monday, hitting $36.52. The company's stock had a trading volume of 5,219,542 shares, compared to its average volume of 6,571,340. The business's 50-day moving average is $38.47 and its two-hundred day moving average is $38.33. The company has a market capitalization of $15.17 billion, a PE ratio of 104.61, a PEG ratio of 7.25 and a beta of 1.65. Chewy has a 52-week low of $26.28 and a 52-week high of $48.62.

Chewy (NYSE:CHWY - Get Free Report) last posted its earnings results on Wednesday, September 10th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.19). Chewy had a net margin of 1.22% and a return on equity of 50.45%. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the company posted $0.24 EPS. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. As a group, analysts predict that Chewy will post 0.24 EPS for the current fiscal year.

Chewy Company Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications.