Aubrey Capital Management Ltd Invests $4.05 Million in Chewy $CHWY

Key Points

• Aubrey Capital Management Ltd has invested approximately $4.05 million in Chewy, acquiring 95,000 shares, which now represent 1.5% of its total holdings.
• Various hedge funds have recently adjusted their stakes in Chewy, with some increasing their investments significantly, indicating growing institutional interest in the company.
• Chewy reported earnings per share of $0.14 for the last quarter, which was below analysts' expectations, although it achieved a revenue of $3.10 billion, surpassing projections.

Aubrey Capital Management Ltd purchased a new stake in Chewy (NYSE:CHWY - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 95,000 shares of the company's stock, valued at approximately $4,049,000. Chewy accounts for approximately 1.5% of Aubrey Capital Management Ltd's holdings, making the stock its 23rd largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in CHWY. Golden State Wealth Management LLC increased its stake in Chewy by 104.6% during the 1st quarter. Golden State Wealth Management LLC now owns 941 shares of the company's stock worth $31,000 after acquiring an additional 481 shares during the period. N.E.W. Advisory Services LLC bought a new position in Chewy during the 1st quarter worth $44,000. Parallel Advisors LLC increased its stake in Chewy by 73.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,365 shares of the company's stock worth $58,000 after acquiring an additional 577 shares during the period. MorganRosel Wealth Management LLC bought a new position in Chewy during the 1st quarter worth $65,000. Finally, Farther Finance Advisors LLC increased its stake in Chewy by 38.9% during the 1st quarter. Farther Finance Advisors LLC now owns 2,809 shares of the company's stock worth $94,000 after acquiring an additional 787 shares during the period. Institutional investors own 93.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CHWY. Seaport Res Ptn upgraded Chewy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 10th. TD Cowen lowered their price objective on Chewy from $50.00 to $48.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Citigroup cut their target price on Chewy from $49.00 to $48.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. Royal Bank Of Canada cut their target price on Chewy from $44.00 to $43.00 and set an "outperform" rating for the company in a research note on Thursday, September 11th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Chewy in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $45.84.

Insider Transactions at Chewy

In related news, CAO William G. Billings sold 20,142 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $35.57, for a total value of $716,450.94. Following the completion of the sale, the chief accounting officer directly owned 29,464 shares in the company, valued at $1,048,034.48. This represents a 40.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Satish Mehta sold 8,727 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $35.82, for a total value of $312,601.14. Following the completion of the sale, the chief technology officer owned 276,467 shares of the company's stock, valued at $9,903,047.94. The trade was a 3.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,657 shares of company stock worth $2,444,311. Corporate insiders own 0.43% of the company's stock.

Chewy Stock Performance

Shares of NYSE:CHWY opened at $38.08 on Friday. The company has a fifty day moving average of $39.00 and a 200-day moving average of $39.07. The company has a market capitalization of $15.80 billion, a PE ratio of 108.80, a price-to-earnings-growth ratio of 9.45 and a beta of 1.62. Chewy has a 52-week low of $26.28 and a 52-week high of $48.62.

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

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