Lifestyle Asset Management Inc. Acquires New Position in Chewy $CHWY

Key Points

• Lifestyle Asset Management Inc. has acquired a new stake in Chewy worth approximately $1.01 million, consisting of 23,789 shares purchased in the second quarter.
• Several large institutional investors have increased their stakes in Chewy, with Ameriprise Financial raising its position by 311.9%, now owning 226,177 shares valued at $7.57 million.
• Chewy reported disappointing earnings, missing analysts' consensus estimates with an EPS of $0.14, while revenue for the quarter was $3.10 billion, slightly exceeding expectations.

Lifestyle Asset Management Inc. purchased a new stake in Chewy (NYSE:CHWY - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 23,789 shares of the company's stock, valued at approximately $1,014,000.

Several other institutional investors also recently bought and sold shares of CHWY. Aigen Investment Management LP acquired a new position in shares of Chewy during the first quarter valued at approximately $791,000. Jefferies Financial Group Inc. purchased a new stake in shares of Chewy during the first quarter worth approximately $3,251,000. D.A. Davidson & CO. increased its position in shares of Chewy by 38.7% during the first quarter. D.A. Davidson & CO. now owns 43,725 shares of the company's stock worth $1,422,000 after purchasing an additional 12,206 shares in the last quarter. Polar Asset Management Partners Inc. raised its stake in Chewy by 26.5% in the 4th quarter. Polar Asset Management Partners Inc. now owns 288,733 shares of the company's stock valued at $9,670,000 after purchasing an additional 60,533 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Chewy by 74.5% in the 1st quarter. Victory Capital Management Inc. now owns 139,889 shares of the company's stock valued at $4,548,000 after purchasing an additional 59,711 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Chewy Price Performance

Shares of CHWY stock traded up $0.20 during trading on Thursday, hitting $38.40. 7,971,624 shares of the stock traded hands, compared to its average volume of 6,683,158. Chewy has a 52-week low of $26.28 and a 52-week high of $48.62. The firm has a market capitalization of $15.94 billion, a P/E ratio of 109.71, a price-to-earnings-growth ratio of 9.48 and a beta of 1.65. The firm's fifty day moving average price is $38.34 and its 200-day moving average price is $38.32.

Chewy (NYSE:CHWY - Get Free Report) last posted its 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). Chewy had a return on equity of 50.45% and a net margin of 1.22%.The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the business earned $0.24 EPS. Chewy's revenue was up 8.6% compared to the same quarter last year. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. As a group, equities research analysts expect that Chewy will post 0.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CHWY has been the subject of a number of research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Chewy in a report on Thursday, September 11th. JPMorgan Chase & Co. dropped their price objective on shares of Chewy from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Thursday, September 11th. JMP Securities reiterated a "market outperform" rating and issued a $48.00 price objective on shares of Chewy in a report on Thursday, September 11th. Jefferies Financial Group restated a "hold" rating and set a $43.00 target price (up from $41.00) on shares of Chewy in a report on Thursday, June 5th. Finally, Citizens Jmp upgraded Chewy to a "strong-buy" rating in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Chewy currently has an average rating of "Moderate Buy" and a consensus target price of $45.72.

Insider Activity at Chewy

In other Chewy news, CAO William G. Billings sold 20,142 shares of the business's stock in a transaction that occurred 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 sale, the chief accounting officer owned 29,464 shares of the company's stock, valued at $1,048,034.48. The trade was a 40.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Satish Mehta sold 8,727 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $35.82, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,008,777 shares of company stock worth $1,252,444,321. 0.43% of the stock is owned by corporate insiders.

Chewy 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.