26,043 Shares in Chewy $CHWY Purchased by Scientech Research LLC

Scientech Research LLC bought a new position in Chewy (NYSE:CHWY - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 26,043 shares of the company's stock, valued at approximately $847,000.

Several other hedge funds have also made changes to their positions in CHWY. Neuberger Berman Group LLC boosted its position in Chewy by 35.7% during the 1st quarter. Neuberger Berman Group LLC now owns 2,304,006 shares of the company's stock worth $74,903,000 after acquiring an additional 606,526 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Chewy during the 1st quarter valued at $61,390,000. AQR Capital Management LLC boosted its stake in shares of Chewy by 3,005.1% during the 1st quarter. AQR Capital Management LLC now owns 1,398,580 shares of the company's stock worth $44,041,000 after acquiring an additional 1,353,539 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Chewy by 426.1% during the first quarter. Ameriprise Financial Inc. now owns 1,189,957 shares of the company's stock worth $38,686,000 after purchasing an additional 963,780 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Chewy by 151.7% during the 4th quarter. Northern Trust Corp now owns 921,580 shares of the company's stock worth $30,864,000 after buying an additional 555,372 shares during the period. Hedge funds and other institutional investors own 93.09% of the company's stock.

Chewy Stock Up 2.6%

Shares of CHWY traded up $0.92 during trading hours on Thursday, reaching $36.03. The stock had a trading volume of 14,089,134 shares, compared to its average volume of 6,547,580. The company has a market cap of $14.96 billion, a P/E ratio of 40.48, a P/E/G ratio of 8.81 and a beta of 1.65. The firm has a 50-day moving average of $38.71 and a 200 day moving average of $38.28. Chewy has a 52 week low of $26.28 and a 52 week high of $48.62.

Chewy (NYSE:CHWY - Get Free Report) last issued 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 during 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%. Chewy's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. As a group, equities analysts expect that Chewy will post 0.24 earnings per share for the current year.

Insider Transactions at Chewy

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of the business's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $41.75, for a total transaction of $1,250,000,010.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Sumit Singh sold 29,557 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 value of $1,051,342.49. Following the transaction, the chief executive officer directly owned 540,406 shares of the company's stock, valued at $19,222,241.42. This trade represents a 5.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,008,777 shares of company stock valued at $1,252,444,321 in the last ninety days. Corporate insiders own 0.43% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Barclays lowered their target price on Chewy from $50.00 to $47.00 and set an "overweight" rating on the stock in a report on Thursday. Needham & Company LLC reiterated a "hold" rating on shares of Chewy in a research note on Thursday. Morgan Stanley cut their price target on shares of Chewy from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Thursday. Cowen reissued a "buy" rating on shares of Chewy in a research note on Friday, June 6th. Finally, Wall Street Zen cut shares of Chewy from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Chewy currently has an average rating of "Moderate Buy" and an average price target of $45.72.

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.