BI Asset Management Fondsmaeglerselskab A S Boosts Stock Position in Chewy $CHWY

Key Points

• BI Asset Management increased its Chewy stake by 392.9% in the first quarter, lifting its holdings to 275,612 shares valued at about $7.44 million.
• Chewy reported strong quarterly results, with EPS of $0.43 beating estimates and revenue of $3.36 billion, up 9.7% year over year.
• Despite the earnings beat, analysts cut price targets across several firms; the consensus rating remains Moderate Buy with an average target price of $32.05.

BI Asset Management Fondsmaeglerselskab A S raised its position in Chewy (NYSE:CHWY - Free Report) by 392.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 275,612 shares of the company's stock after acquiring an additional 219,696 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.07% of Chewy worth $7,442,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Chewy by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 19,920,347 shares of the company's stock valued at $658,367,000 after purchasing an additional 1,017,214 shares during the last quarter. WINTON GROUP Ltd boosted its stake in Chewy by 110.6% in the 3rd quarter. WINTON GROUP Ltd now owns 239,800 shares of the company's stock worth $9,700,000 after buying an additional 125,943 shares during the last quarter. Champlain Investment Partners LLC purchased a new stake in Chewy in the 3rd quarter valued at about $89,022,000. Intech Investment Management LLC increased its stake in shares of Chewy by 218.6% during the 3rd quarter. Intech Investment Management LLC now owns 173,300 shares of the company's stock valued at $7,010,000 after acquiring an additional 118,903 shares during the last quarter. Finally, ING Groep NV purchased a new position in shares of Chewy during the 4th quarter worth about $5,883,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Chewy Stock Performance

Shares of CHWY stock opened at $18.25 on Monday. The stock has a fifty day moving average of $22.68 and a two-hundred day moving average of $26.86. The firm has a market capitalization of $7.47 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 0.92 and a beta of 1.44. Chewy has a 1 year low of $17.64 and a 1 year high of $43.84.

Chewy (NYSE:CHWY - Get Free Report) last issued its quarterly earnings results on Wednesday, June 10th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.19. Chewy had a return on equity of 60.02% and a net margin of 1.99%.The company had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.35 billion. During the same period last year, the firm earned $0.35 EPS. The firm'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. Equities research analysts predict that Chewy will post 0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on CHWY. Bank of America decreased their target price on shares of Chewy from $33.00 to $31.00 in a research report on Thursday, June 11th. Robert W. Baird lowered their price objective on shares of Chewy from $40.00 to $30.00 and set an "outperform" rating for the company in a research note on Thursday, June 11th. Citizens Jmp dropped their price objective on Chewy from $45.00 to $28.00 and set a "market outperform" rating for the company in a report on Thursday, June 11th. Wolfe Research reaffirmed an "outperform" rating and issued a $27.00 target price on shares of Chewy in a research report on Thursday, June 11th. Finally, BNP Paribas Exane reaffirmed a "neutral" rating and issued a $28.00 target price (down from $38.00) on shares of Chewy in a research report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, Chewy presently has a consensus rating of "Moderate Buy" and an average target price of $32.05.

Insiders Place Their Bets

In other Chewy news, General Counsel Da-Wai Hu sold 8,149 shares of the business's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total value of $219,289.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $2,132,633.60. Following the transaction, the chief executive officer directly owned 874,061 shares in the company, valued at approximately $22,375,961.60. This represents a 8.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold 95,675 shares of company stock worth $2,459,955 in the last quarter. 0.34% of the stock is currently owned by corporate insiders.

About Chewy

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.

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