Jag Capital Management LLC Takes $342,000 Position in Chewy $CHWY

Key Points

• Jag Capital Management LLC acquired a new stake in Chewy, purchasing 8,022 shares valued at approximately $342,000 in the second quarter.
• Chewy recently reported earnings of $0.14 EPS for the quarter, missing analysts' expectations, despite revenues of $3.10 billion.
• Analyst ratings for Chewy include two "Strong Buy" and twenty "Buy" ratings, with a consensus price target of $45.84.

Jag Capital Management LLC bought a new stake in Chewy (NYSE:CHWY - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,022 shares of the company's stock, valued at approximately $342,000.

Several other large investors also recently bought and sold shares of CHWY. Golden State Wealth Management LLC boosted its stake in Chewy by 104.6% in the first quarter. Golden State Wealth Management LLC now owns 941 shares of the company's stock valued at $31,000 after acquiring an additional 481 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Chewy in the 1st quarter valued at about $44,000. North Star Investment Management Corp. boosted its position in shares of Chewy by 26.6% in the 1st quarter. North Star Investment Management Corp. now owns 1,678 shares of the company's stock valued at $55,000 after purchasing an additional 353 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Chewy by 73.2% in the second quarter. Parallel Advisors LLC now owns 1,365 shares of the company's stock valued at $58,000 after acquiring an additional 577 shares during the period. Finally, MorganRosel Wealth Management LLC acquired a new stake in shares of Chewy in the first quarter valued at approximately $65,000. Institutional investors and hedge funds own 93.09% of the company's stock.

Chewy Stock Performance

CHWY stock opened at $38.53 on Tuesday. The stock has a market capitalization of $15.98 billion, a PE ratio of 110.08, a price-to-earnings-growth ratio of 9.76 and a beta of 1.62. Chewy has a one year low of $26.28 and a one year high of $48.62. The company has a fifty day moving average of $38.80 and a 200-day moving average of $39.05.

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

Insider Activity

In other Chewy news, CEO Sumit Singh sold 4,264 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 value of $151,670.48. Following the completion of the sale, the chief executive officer owned 72,549 shares of the company's stock, valued at approximately $2,580,567.93. This trade represents a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO William G. Billings sold 20,142 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $716,450.94. Following the completion of the sale, the chief accounting officer owned 29,464 shares of the company's stock, valued at $1,048,034.48. This trade represents a 40.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,657 shares of company stock valued at $2,444,311 in the last three months. 0.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CHWY has been the subject of several research analyst reports. Morgan Stanley decreased their price objective on Chewy from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Thursday, September 11th. Mizuho upgraded shares of Chewy from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $44.00 to $50.00 in a research note on Monday, September 8th. Barclays lowered their price target on Chewy from $50.00 to $47.00 and set an "overweight" rating on the stock in a report on Thursday, September 11th. JMP Securities restated a "market outperform" rating and issued a $48.00 price target on shares of Chewy in a research report on Thursday, September 11th. Finally, TD Cowen reduced their price objective on Chewy from $50.00 to $48.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $45.84.

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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