Chewy $CHWY Shares Acquired by Eisler Capital Management Ltd.

Key Points

• Eisler Capital Management Ltd. increased its stake in Chewy by 71.6%, acquiring 79,798 shares, bringing its total holdings to 191,288 shares worth approximately $6.2 million.
• A variety of hedge funds, including Durable Capital Partners and Alyeska Investment Group, have also significantly increased their positions in Chewy, reflecting growing institutional interest.
• Chewy's stock performance shows a 12-month range between $25.19 and $48.62, with a current market capitalization of $16.92 billion and recent earnings exceeding analyst expectations.

Eisler Capital Management Ltd. increased its stake in shares of Chewy (NYSE:CHWY - Free Report) by 71.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 191,288 shares of the company's stock after purchasing an additional 79,798 shares during the period. Eisler Capital Management Ltd.'s holdings in Chewy were worth $6,223,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CHWY. Silvant Capital Management LLC bought a new stake in shares of Chewy in the first quarter valued at about $1,613,000. Comerica Bank boosted its stake in Chewy by 1.5% in the 1st quarter. Comerica Bank now owns 68,798 shares of the company's stock valued at $2,237,000 after purchasing an additional 1,025 shares during the period. Oak Harvest Investment Services boosted its stake in shares of Chewy by 18.1% in the first quarter. Oak Harvest Investment Services now owns 79,182 shares of the company's stock valued at $2,574,000 after buying an additional 12,137 shares during the period. Jump Financial LLC bought a new stake in Chewy during the first quarter worth about $5,261,000. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Chewy by 19.6% in the 1st quarter. Kestra Advisory Services LLC now owns 49,007 shares of the company's stock valued at $1,593,000 after purchasing an additional 8,048 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Chewy Stock Performance

Shares of Chewy stock traded down $0.44 during midday trading on Friday, hitting $40.99. The company had a trading volume of 4,837,550 shares, compared to its average volume of 6,288,566. The company has a 50 day moving average of $39.06 and a 200 day moving average of $38.11. Chewy has a 52-week low of $25.19 and a 52-week high of $48.62. The stock has a market capitalization of $17.02 billion, a P/E ratio of 46.06, a P/E/G ratio of 8.65 and a beta of 1.67.

Chewy (NYSE:CHWY - Get Free Report) last issued its earnings results on Wednesday, June 11th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.08 billion. Chewy had a return on equity of 35.04% and a net margin of 3.21%.The company's revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business posted $0.31 EPS. Chewy has set its FY 2025 guidance at EPS. Equities research analysts forecast that Chewy will post 0.24 EPS for the current year.

Insider Transactions at Chewy

In related news, CAO William G. Billings sold 20,142 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $35.57, for a total value of $716,450.94. Following the completion of the transaction, the chief accounting officer directly owned 29,464 shares of the company's stock, valued at approximately $1,048,034.48. This trade represents a 40.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Satish Mehta sold 8,727 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $35.82, for a total transaction of $312,601.14. Following the transaction, the chief technology officer owned 276,467 shares in the company, valued at $9,903,047.94. This trade represents a 3.06% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,008,777 shares of company stock worth $1,252,444,321. 0.43% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CHWY. JPMorgan Chase & Co. boosted their price objective on Chewy from $36.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, June 12th. Citigroup reaffirmed an "outperform" rating on shares of Chewy in a research note on Thursday, July 10th. Mizuho downgraded Chewy from an "outperform" rating to a "neutral" rating and increased their price target for the company from $43.00 to $47.00 in a research report on Monday, June 9th. JMP Securities increased their price objective on Chewy from $39.00 to $48.00 and gave the company a "market outperform" rating in a report on Thursday, July 10th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $50.00 price target (up from $39.00) on shares of Chewy in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $43.78.

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.