Allspring Global Investments Holdings LLC Has $79.21 Million Stock Position in Chewy $CHWY

Allspring Global Investments Holdings LLC raised its position in Chewy (NYSE:CHWY) by 224.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,892,344 shares of the company’s stock after purchasing an additional 1,308,343 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Chewy were worth $79,214,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BC Partners PE LP bought a new stake in shares of Chewy in the 1st quarter valued at approximately $7,142,402,000. AQR Capital Management LLC lifted its stake in Chewy by 3,005.1% in the first quarter. AQR Capital Management LLC now owns 1,398,580 shares of the company’s stock valued at $44,041,000 after acquiring an additional 1,353,539 shares during the last quarter. Ameriprise Financial Inc. grew its position in Chewy by 426.1% in the first quarter. Ameriprise Financial Inc. now owns 1,189,957 shares of the company’s stock worth $38,686,000 after acquiring an additional 963,780 shares in the last quarter. Neuberger Berman Group LLC increased 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 worth $74,903,000 after purchasing an additional 606,526 shares during the last quarter. Finally, Eventide Asset Management LLC bought a new position in shares of Chewy during the 1st quarter valued at $13,453,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Chewy Stock Down 1.3%

Shares of NYSE:CHWY opened at $38.53 on Tuesday. The company has a market cap of $15.98 billion, a price-to-earnings ratio of 110.08, a PEG ratio of 9.76 and a beta of 1.62. The business has a 50 day moving average price of $38.80 and a 200 day moving average price of $39.05. Chewy has a twelve month low of $26.28 and a twelve month high of $48.62.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, September 10th. The company reported $0.14 EPS 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 business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the prior year, the firm earned $0.24 earnings per share. The business’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. Analysts anticipate that Chewy will post 0.24 EPS for the current year.

Insider Buying and Selling at Chewy

In other Chewy news, CAO William G. Billings sold 20,142 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $35.57, for a total value of $716,450.94. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Satish Mehta sold 8,727 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $35.82, for a total transaction of $312,601.14. Following the transaction, the chief technology officer owned 276,467 shares in the company, valued at approximately $9,903,047.94. The trade was a 3.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 68,657 shares of company stock valued at $2,444,311 in the last ninety days. Company insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Robert W. Baird decreased their price objective on shares of Chewy from $52.00 to $48.00 and set an “outperform” rating for the company in a report on Thursday, September 11th. UBS Group lowered their price objective on Chewy from $46.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, September 11th. Needham & Company LLC restated a “hold” rating on shares of Chewy in a report on Thursday, September 11th. Morgan Stanley decreased their target price on Chewy from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded Chewy from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $45.84.

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.