Rhumbline Advisers Raises Stock Holdings in Chewy $CHWY

Key Points

• Rhumbline Advisers increased its holdings in Chewy by 10.1%, owning approximately 280,851 shares valued at $9.13 million after acquiring an additional 25,755 shares.
• Several institutional investors, including Ameriprise Financial and Man Group plc, significantly raised their positions in Chewy during the last quarter, indicating strong institutional interest.
• Chewy's stock has declined 16.5% recently, with earnings per share of $0.14 reported last quarter, missing consensus estimates by $0.19.

Rhumbline Advisers raised its position in Chewy (NYSE:CHWY - Free Report) by 10.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 280,851 shares of the company's stock after acquiring an additional 25,755 shares during the quarter. Rhumbline Advisers owned approximately 0.07% of Chewy worth $9,130,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. grew its position in shares of Chewy by 311.9% in the 4th quarter. Ameriprise Financial Inc. now owns 226,177 shares of the company's stock worth $7,575,000 after buying an additional 171,273 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Chewy in the 4th quarter worth $2,086,000. Nomura Holdings Inc. lifted its position in shares of Chewy by 36.4% in the 4th quarter. Nomura Holdings Inc. now owns 30,793 shares of the company's stock worth $1,031,000 after purchasing an additional 8,219 shares during the period. Man Group plc boosted its stake in shares of Chewy by 210.0% during the 4th quarter. Man Group plc now owns 426,324 shares of the company's stock valued at $14,278,000 after purchasing an additional 288,787 shares in the last quarter. Finally, Polar Asset Management Partners Inc. increased its position in shares of Chewy by 26.5% during the fourth quarter. Polar Asset Management Partners Inc. now owns 288,733 shares of the company's stock valued at $9,670,000 after buying an additional 60,533 shares during the period. 93.09% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CTO Satish Mehta sold 8,727 shares of the business's stock in a transaction dated 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 directly owned 276,467 shares in the company, valued at $9,903,047.94. The trade was a 3.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sumit Singh sold 4,264 shares of the 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 $151,670.48. Following the sale, the chief executive officer directly 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 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. Company insiders own 0.43% of the company's stock.

Chewy Stock Down 16.5%

Shares of Chewy stock opened at $35.16 on Thursday. Chewy has a twelve month low of $26.28 and a twelve month high of $48.62. The company's 50 day moving average is $38.71 and its 200 day moving average is $38.28. The company has a market cap of $14.60 billion, a price-to-earnings ratio of 39.50, a price-to-earnings-growth ratio of 8.81 and a beta of 1.65.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings results on Wednesday, September 10th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.19). Chewy had a net margin of 3.21% and a return on equity of 35.04%. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the company earned $0.24 earnings per share. Chewy's quarterly 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. Sell-side analysts expect that Chewy will post 0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CHWY has been the topic of several research reports. Morgan Stanley restated an "overweight" rating and set a $50.00 price target (up from $39.00) on shares of Chewy in a research report on Thursday, June 12th. Cowen restated a "buy" rating on shares of Chewy in a report on Friday, June 6th. JMP Securities lifted their target price on shares of Chewy from $39.00 to $48.00 and gave the company a "market outperform" rating in a report on Thursday, July 10th. Mizuho upgraded Chewy from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $44.00 to $50.00 in a research note on Monday. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $43.00 target price (up from $41.00) on shares of Chewy in a report on Thursday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.94.

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.

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