51,145 Shares in Chewy $CHWY Bought by Concentric Capital Strategies LP

Concentric Capital Strategies LP bought a new position in Chewy (NYSE:CHWY) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 51,145 shares of the company’s stock, valued at approximately $1,663,000.

A number of other institutional investors also recently bought and sold shares of CHWY. Durable Capital Partners LP bought a new position in Chewy in the 4th quarter worth $79,050,000. Assenagon Asset Management S.A. bought a new position in Chewy in the 1st quarter worth $61,390,000. AQR Capital Management LLC raised its holdings in Chewy by 3,005.1% in the 1st quarter. AQR Capital Management LLC now owns 1,398,580 shares of the company’s stock worth $44,041,000 after purchasing an additional 1,353,539 shares during the period. Ameriprise Financial Inc. raised its holdings in Chewy by 426.1% in 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 during the period. Finally, Neuberger Berman Group LLC lifted its stake 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 valued at $74,903,000 after buying an additional 606,526 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

Insider Buying and Selling at Chewy

In other 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 value of $1,250,000,010.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sumit Singh sold 4,264 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $35.57, for a total transaction of $151,670.48. Following the completion of the sale, the chief executive officer owned 72,549 shares in the company, valued at approximately $2,580,567.93. This trade represents a 5.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,008,777 shares of company stock valued at $1,252,444,321. Corporate insiders own 0.43% of the company’s stock.

Chewy Stock Up 3.2%

Shares of CHWY stock opened at $40.70 on Thursday. The company’s fifty day simple moving average is $38.89 and its two-hundred day simple moving average is $38.17. Chewy has a 52 week low of $25.19 and a 52 week high of $48.62. The stock has a market cap of $16.90 billion, a P/E ratio of 45.73, a PEG ratio of 8.55 and a beta of 1.65.

Chewy (NYSE:CHWY) last posted its earnings results on Wednesday, June 11th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Chewy had a net margin of 3.21% and a return on equity of 35.04%. The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the firm posted $0.31 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. Chewy has set its FY 2025 guidance at EPS. On average, analysts anticipate that Chewy will post 0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CHWY shares. Wall Street Zen lowered Chewy from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research note on Thursday, June 12th. Citizens Jmp upgraded Chewy to a “strong-buy” rating in a research note on Thursday, July 10th. JMP Securities increased their price target on Chewy from $39.00 to $48.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 10th. Finally, Citigroup reiterated an “outperform” rating on shares of Chewy in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.78.

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.