Yousif Capital Management LLC Acquires 18,793 Shares of Chewy $CHWY

Key Points

• Yousif Capital Management LLC increased its stake in Chewy (NYSE:CHWY) by 34.3%, acquiring an additional 18,793 shares in the second quarter, bringing its total holdings to 73,606 shares worth approximately $3.14 million.
• Several institutional investors have also significantly increased their positions in Chewy, with up to 93.09% of the stock now owned by institutional investors.
• Chewy reported quarterly earnings of $0.14 EPS, missing analyst expectations, although revenue increased 8.6% year-over-year to $3.10 billion.

Yousif Capital Management LLC lifted its holdings in shares of Chewy (NYSE:CHWY - Free Report) by 34.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 73,606 shares of the company's stock after acquiring an additional 18,793 shares during the period. Yousif Capital Management LLC's holdings in Chewy were worth $3,137,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHWY. BC Partners PE LP bought a new position in shares of Chewy during the 1st quarter worth about $7,142,402,000. AQR Capital Management LLC lifted its holdings 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 during the period. Allspring Global Investments Holdings LLC increased its position in shares of Chewy by 224.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,892,344 shares of the company's stock worth $79,214,000 after purchasing an additional 1,308,343 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Chewy by 426.1% during the 1st 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 in the last quarter. Finally, Neuberger Berman Group LLC increased its position in shares of 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 purchasing an additional 606,526 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CHWY has been the subject of a number of recent analyst reports. Citigroup dropped their target price on shares of Chewy from $49.00 to $48.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of Chewy in a research report on Wednesday, October 8th. UBS Group dropped their target price on shares of Chewy from $46.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, September 11th. JMP Securities reiterated a "market outperform" rating and set a $48.00 target price on shares of Chewy in a research report on Thursday, September 11th. Finally, Seaport Res Ptn upgraded shares of Chewy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Chewy presently has a consensus rating of "Moderate Buy" and an average price target of $45.84.

Chewy Trading Up 0.3%

CHWY opened at $38.08 on Friday. The stock has a market capitalization of $15.80 billion, a PE ratio of 108.80, a PEG ratio of 9.45 and a beta of 1.62. Chewy has a 1-year low of $26.28 and a 1-year high of $48.62. The firm has a 50-day moving average price of $39.00 and a two-hundred day moving average price of $39.07.

Chewy (NYSE:CHWY - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. Chewy had a net margin of 1.22% and a return on equity of 50.45%. The company's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 EPS. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. On average, research analysts predict that Chewy will post 0.24 EPS for the current year.

Insider Activity

In other news, CEO Sumit Singh sold 29,557 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 value of $1,051,342.49. Following the transaction, the chief executive officer owned 540,406 shares of the company's stock, valued at approximately $19,222,241.42. This trade represents a 5.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 completion of the transaction, the chief accounting officer directly owned 29,464 shares in the company, valued at $1,048,034.48. This trade represents a 40.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,657 shares of company stock valued at $2,444,311. 0.43% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.