Chewy $CHWY Shares Sold by Nishkama Capital LLC

Key Points

• Nishkama Capital LLC sold 955,676 shares of Chewy, reducing its stake by 82.2% to 206,859 shares, representing about 0.7% of its portfolio.
• Chewy's stock is currently down 1.4% and has experienced a 12-month low of $25.19 and a high of $48.62, with a market cap of $16.43 billion.
• Several hedge funds have adjusted their positions in Chewy, with Parallel Advisors LLC increasing its stake by 150.2% during the first quarter.

Nishkama Capital LLC decreased its position in shares of Chewy (NYSE:CHWY - Free Report) by 82.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 206,859 shares of the company's stock after selling 955,676 shares during the period. Chewy makes up approximately 0.7% of Nishkama Capital LLC's investment portfolio, making the stock its 17th biggest position. Nishkama Capital LLC owned 0.05% of Chewy worth $6,725,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CHWY. First Trust Advisors LP bought a new stake in Chewy in the fourth quarter worth about $5,826,000. Dimensional Fund Advisors LP grew its holdings in Chewy by 158.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 554,100 shares of the company's stock worth $18,561,000 after purchasing an additional 340,016 shares during the last quarter. MetLife Investment Management LLC purchased a new position in Chewy in the fourth quarter worth $3,015,000. Tower Research Capital LLC TRC grew its holdings in Chewy by 37.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,793 shares of the company's stock worth $361,000 after purchasing an additional 2,921 shares during the last quarter. Finally, State of Tennessee Department of Treasury purchased a new position in Chewy in the fourth quarter worth $1,954,000. Hedge funds and other institutional investors own 93.09% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Chewy from $36.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Royal Bank Of Canada reissued an "outperform" rating and set a $44.00 price objective (up from $42.00) on shares of Chewy in a report on Thursday, June 12th. Evercore ISI set a $52.00 price objective on shares of Chewy and gave the company an "outperform" rating in a report on Thursday, June 12th. Mizuho lowered shares of Chewy from an "outperform" rating to a "neutral" rating and upped their price target for the company from $43.00 to $47.00 in a report on Monday, June 9th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Chewy in a report on Thursday, June 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Chewy currently has an average rating of "Moderate Buy" and an average price target of $43.78.

Insider Buying and Selling at Chewy

In other news, CEO Sumit Singh sold 29,557 shares of Chewy stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $1,051,342.49. Following the completion of the sale, the chief executive officer directly owned 540,406 shares in the company, valued at approximately $19,222,241.42. This trade represents a 5.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO William G. Billings sold 20,142 shares of Chewy stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $716,450.94. Following the sale, the chief accounting officer owned 29,464 shares of the company's stock, valued at approximately $1,048,034.48. The trade was a 40.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,008,777 shares of company stock worth $1,252,444,321. 0.43% of the stock is currently owned by insiders.

Chewy Stock Down 1.1%

CHWY traded down $0.44 during trading on Friday, reaching $40.99. The company's stock had a trading volume of 4,836,646 shares, compared to its average volume of 6,303,657. The firm has a fifty day simple moving average of $39.07 and a two-hundred day simple moving average of $38.08. Chewy has a 1 year low of $25.19 and a 1 year high of $48.62. The company has a market cap of $17.02 billion, a price-to-earnings ratio of 46.06, a PEG ratio of 8.44 and a beta of 1.67.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly 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 firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.08 billion. Chewy had a net margin of 3.21% and a return on equity of 35.04%. The business'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 company earned $0.31 EPS. Chewy has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Chewy will post 0.24 EPS for the current fiscal year.

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.