Yarbrough Capital LLC Boosts Stock Position in Chewy $CHWY

Key Points

• Yarbrough Capital LLC increased its holdings in Chewy by 55.0% in Q2, now owning 41,674 shares valued at $1,776,000.
• Analysts have mixed views on Chewy, with two strong buy ratings, nineteen buy ratings, and a consensus target price of $45.72.
• Chewy recently reported quarterly earnings, missing estimates with $0.14 earnings per share, while revenue increased 8.6% year-over-year to $3.10 billion.

Yarbrough Capital LLC raised its holdings in Chewy (NYSE:CHWY - Free Report) by 55.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,674 shares of the company's stock after purchasing an additional 14,782 shares during the period. Yarbrough Capital LLC's holdings in Chewy were worth $1,776,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BC Partners PE LP bought a new stake in shares of Chewy in the first quarter worth $7,142,402,000. Voya Investment Management LLC grew its holdings in Chewy by 8.2% during the 1st quarter. Voya Investment Management LLC now owns 4,146,973 shares of the company's stock worth $134,818,000 after acquiring an additional 312,795 shares in the last quarter. Neuberger Berman Group LLC increased its position 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 worth $74,903,000 after purchasing an additional 606,526 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Chewy in the 1st quarter valued at about $61,390,000. Finally, AQR Capital Management LLC raised its stake 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 purchasing an additional 1,353,539 shares in the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHWY has been the subject of a number of research reports. Citizens Jmp upgraded Chewy to a "strong-buy" rating in a research note on Thursday, July 10th. TD Cowen reduced their target price on Chewy from $50.00 to $48.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. Wedbush reiterated an "outperform" rating and issued a $45.00 price target on shares of Chewy in a report on Thursday, September 11th. Mizuho raised Chewy from a "neutral" rating to an "outperform" rating and upped their price target for the company from $44.00 to $50.00 in a research report on Monday, September 8th. Finally, Wall Street Zen cut Chewy from a "buy" rating to a "hold" rating in a research note on Sunday. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.72.

Insider Activity at Chewy

In other news, CTO Satish Mehta sold 8,727 shares of Chewy stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $35.82, for a total transaction of $312,601.14. Following the sale, the chief technology officer 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sumit Singh sold 4,264 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $35.57, for a total value of $151,670.48. Following the transaction, the chief executive officer owned 72,549 shares of the company's stock, valued at $2,580,567.93. This trade represents a 5.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 68,657 shares of company stock worth $2,444,311 in the last ninety days. 0.43% of the stock is owned by insiders.

Chewy Price Performance

NYSE:CHWY opened at $38.30 on Wednesday. The firm has a market capitalization of $15.89 billion, a P/E ratio of 109.41, a P/E/G ratio of 9.33 and a beta of 1.65. The business has a 50 day simple moving average of $38.34 and a 200 day simple moving average of $38.43. Chewy has a 12-month low of $26.28 and a 12-month high of $48.62.

Chewy (NYSE:CHWY - Get Free Report) last issued its 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 return on equity of 50.45% and a net margin of 1.22%.The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the business earned $0.24 earnings per share. Chewy's quarterly revenue was up 8.6% on a year-over-year basis. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. Research analysts anticipate that Chewy will post 0.24 EPS for the current fiscal year.

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.

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