Chewy $CHWY is Rip Road Capital Partners LP's 6th Largest Position

Key Points

• Rip Road Capital Partners LP increased its stake in Chewy by 19.1% in Q1, acquiring an additional 30,200 shares, bringing their total hold to 188,394 shares valued at $6.1 million.
• Chewy's second-quarter earnings report beat expectations, with EPS of $0.35 and revenue of $3.12 billion, marking a 6.3% year-over-year increase.
• Most of Chewy's stock, 93.09%, is owned by institutional investors and hedge funds, highlighting significant investor confidence in the company.

Rip Road Capital Partners LP raised its holdings in Chewy (NYSE:CHWY - Free Report) by 19.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 188,394 shares of the company's stock after purchasing an additional 30,200 shares during the quarter. Chewy accounts for 6.7% of Rip Road Capital Partners LP's holdings, making the stock its 6th largest holding. Rip Road Capital Partners LP's holdings in Chewy were worth $6,125,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. purchased a new stake in shares of Chewy in the 1st quarter valued at $61,390,000. AQR Capital Management LLC raised its holdings in shares of Chewy by 3,005.1% in the 1st quarter. AQR Capital Management LLC now owns 1,398,580 shares of the company's stock valued at $44,041,000 after buying an additional 1,353,539 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Chewy by 426.1% in the 1st quarter. Ameriprise Financial Inc. now owns 1,189,957 shares of the company's stock valued at $38,686,000 after buying an additional 963,780 shares during the period. Neuberger Berman Group LLC raised its holdings in shares of Chewy by 35.7% in the 1st quarter. Neuberger Berman Group LLC now owns 2,304,006 shares of the company's stock valued at $74,903,000 after buying an additional 606,526 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Chewy in the 1st quarter valued at $19,552,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Chewy

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 completion of the sale, the chief technology officer directly owned 276,467 shares of the company's stock, valued at approximately $9,903,047.94. The trade was a 3.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO William G. Billings sold 20,142 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.57, for a total value of $716,450.94. Following the completion of the sale, the chief accounting officer directly 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 disclosure for this sale can be found here. Insiders sold a total of 30,008,777 shares of company stock valued at $1,252,444,321 over the last quarter. Company insiders own 0.43% of the company's stock.

Chewy Stock Performance

Shares of NYSE:CHWY traded down $6.95 on Wednesday, hitting $35.16. 36,583,254 shares of the company's stock were exchanged, compared to its average volume of 6,149,736. The firm's 50-day moving average is $38.82 and its 200 day moving average is $38.31. The company has a market capitalization of $14.60 billion, a PE ratio of 39.50, a P/E/G ratio of 8.81 and a beta of 1.65. Chewy has a 1-year low of $26.28 and a 1-year high of $48.62.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. Chewy had a return on equity of 35.04% and a net margin of 3.21%.The company's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 earnings per share. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. On average, analysts anticipate that Chewy will post 0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CHWY. Morgan Stanley reiterated an "overweight" rating and issued a $50.00 price objective (up previously from $39.00) on shares of Chewy in a report on Thursday, June 12th. JPMorgan Chase & Co. boosted their target price on Chewy from $36.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Mizuho raised Chewy from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $44.00 to $50.00 in a research note on Monday. Royal Bank Of Canada reissued an "outperform" rating and set a $44.00 target price (up from $42.00) on shares of Chewy in a research note on Thursday, June 12th. Finally, Citizens Jmp raised Chewy to a "strong-buy" rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $43.94.

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.