Fox Run Management L.L.C. Acquires Shares of 26,416 Chewy $CHWY

Key Points

• Fox Run Management L.L.C. acquired a new stake in Chewy (NYSE:CHWY), purchasing 26,416 shares valued at approximately $859,000 in the first quarter.
• Several larger institutional investors significantly increased their positions in Chewy, highlighting a strong interest in the company with 93.09% of the stock currently owned by institutional investors.
• Chewy recently reported earnings per share of $0.35, exceeding analyst estimates, and recorded a revenue of $3.12 billion, which is a 6.3% increase compared to the same quarter last year.

Fox Run Management L.L.C. purchased a new stake in shares of Chewy (NYSE:CHWY - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 26,416 shares of the company's stock, valued at approximately $859,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CHWY. Cerity Partners LLC grew its position in Chewy by 12.4% during the fourth quarter. Cerity Partners LLC now owns 17,230 shares of the company's stock valued at $550,000 after acquiring an additional 1,906 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Chewy by 49.5% during the fourth quarter. Legal & General Group Plc now owns 231,978 shares of the company's stock valued at $7,769,000 after purchasing an additional 76,836 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in shares of Chewy during the fourth quarter valued at approximately $431,000. Townsquare Capital LLC boosted its stake in shares of Chewy by 17.2% during the fourth quarter. Townsquare Capital LLC now owns 9,451 shares of the company's stock valued at $317,000 after purchasing an additional 1,386 shares during the period. Finally, Summit Investment Advisors Inc. purchased a new stake in shares of Chewy during the fourth quarter valued at approximately $1,106,000. 93.09% of the stock is currently owned by institutional investors.

Chewy Price Performance

NYSE:CHWY traded down $0.4540 during trading hours on Wednesday, hitting $40.4960. The company had a trading volume of 2,837,375 shares, compared to its average volume of 6,339,207. The company has a market capitalization of $16.81 billion, a PE ratio of 45.51, a price-to-earnings-growth ratio of 8.55 and a beta of 1.67. The stock has a 50-day moving average price of $39.21 and a 200 day moving average price of $37.97. Chewy has a 52 week low of $25.19 and a 52 week high of $48.62.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The company reported $0.35 earnings per share 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 analysts' expectations of $3.08 billion. Chewy had a net margin of 3.21% and a return on equity of 35.04%. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share. Chewy has set its FY 2025 guidance at EPS. Analysts anticipate that Chewy will post 0.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CHWY. Barclays increased their price objective on Chewy from $44.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Morgan Stanley reissued an "overweight" rating and set a $50.00 price objective (up previously from $39.00) on shares of Chewy in a research note on Thursday, June 12th. UBS Group reissued a "neutral" rating and set a $44.00 price objective on shares of Chewy in a research note on Tuesday, August 5th. Evercore ISI set a $52.00 price objective on Chewy and gave the company an "outperform" rating in a research note on Thursday, June 12th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $44.00 price objective (up previously from $42.00) on shares of Chewy in a research note on Thursday, June 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Chewy has a consensus rating of "Moderate Buy" and a consensus target price of $43.78.

Insider Transactions at Chewy

In other Chewy news, CEO Sumit Singh sold 29,557 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $35.57, for a total transaction of $1,051,342.49. Following the completion of the transaction, the chief executive officer owned 540,406 shares of the company's stock, valued at approximately $19,222,241.42. This trade represents a 5.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction, the chief accounting officer directly owned 29,464 shares of the company's stock, valued at $1,048,034.48. This represents a 40.60% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,008,777 shares of company stock worth $1,252,444,321. Corporate insiders own 0.43% of the company's stock.

About Chewy

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.