Trexquant Investment LP Increases Stock Position in Chewy $CHWY

Key Points

• Trexquant Investment LP increased its holdings in Chewy by 41.4% during the first quarter, owning a total of 804,231 shares worth approximately $26.1 million.
• Several institutional investors are actively adjusting their positions in Chewy, with ownership among institutions reaching 93.09% of the company's stock.
• Wall Street analysts have provided positive outlooks for Chewy, with target prices ranging from $43.00 to $52.00, reflecting an overall average rating of "Moderate Buy".

Trexquant Investment LP boosted its position in shares of Chewy (NYSE:CHWY - Free Report) by 41.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 804,231 shares of the company's stock after buying an additional 235,543 shares during the quarter. Trexquant Investment LP owned approximately 0.19% of Chewy worth $26,146,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings in Chewy by 150.2% during the 1st quarter. Parallel Advisors LLC now owns 788 shares of the company's stock valued at $26,000 after buying an additional 473 shares during the last quarter. Banque Transatlantique SA bought a new stake in Chewy during the 4th quarter valued at $30,000. Golden State Wealth Management LLC increased its position in Chewy by 104.6% during the 1st quarter. Golden State Wealth Management LLC now owns 941 shares of the company's stock valued at $31,000 after purchasing an additional 481 shares during the period. N.E.W. Advisory Services LLC purchased a new position in Chewy during the 1st quarter valued at $44,000. Finally, North Star Investment Management Corp. increased its position in Chewy by 26.6% during the 1st quarter. North Star Investment Management Corp. now owns 1,678 shares of the company's stock valued at $55,000 after purchasing an additional 353 shares during the period. 93.09% of the stock is currently owned by institutional investors.

Chewy Stock Performance

Shares of Chewy stock traded down $0.44 during trading on Monday, hitting $40.99. The company's stock had a trading volume of 4,837,550 shares, compared to its average volume of 6,333,787. The company has a fifty day simple moving average of $39.06 and a two-hundred day simple moving average of $38.12. The company has a market capitalization of $17.02 billion, a PE ratio of 46.06, a P/E/G ratio of 8.55 and a beta of 1.65. Chewy has a 52 week low of $25.19 and a 52 week high of $48.62.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The business had revenue of $3.12 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 was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $0.31 EPS. Chewy has set its FY 2025 guidance at EPS. As a group, analysts predict that Chewy will post 0.24 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on CHWY. JMP Securities boosted their price objective on shares of Chewy from $39.00 to $48.00 and gave the company a "market outperform" rating in a research report on Thursday, July 10th. Wall Street Zen downgraded shares of Chewy from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Citizens Jmp raised shares of Chewy to a "strong-buy" rating in a research report on Thursday, July 10th. 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 research report on Thursday, June 12th. Finally, Guggenheim reissued a "buy" rating and set a $45.00 price objective (up from $42.00) on shares of Chewy in a research report on Thursday, June 12th. One research 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.78.

Insider Activity

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of the firm'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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO William G. Billings sold 20,142 shares of the firm's stock in a transaction dated 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. This represents a 40.60% 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 quarter. 0.43% of the stock is owned by company insiders.

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.