Thames Capital Management LLC Sells 21,918 Shares of Chewy $CHWY

Thames Capital Management LLC decreased its holdings in Chewy (NYSE:CHWY) by 13.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,813 shares of the company’s stock after selling 21,918 shares during the quarter. Thames Capital Management LLC’s holdings in Chewy were worth $5,736,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CHWY. Y Intercept Hong Kong Ltd purchased a new position in shares of Chewy in the 2nd quarter worth approximately $6,480,000. CWM LLC lifted its position in Chewy by 8,785.0% in the third quarter. CWM LLC now owns 284,499 shares of the company’s stock worth $11,508,000 after buying an additional 281,297 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in Chewy by 28.0% during the second quarter. Mutual of America Capital Management LLC now owns 109,139 shares of the company’s stock worth $4,652,000 after buying an additional 23,883 shares during the period. Allspring Global Investments Holdings LLC increased its position in Chewy by 35.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,557,457 shares of the company’s stock valued at $101,122,000 after acquiring an additional 665,113 shares during the last quarter. Finally, Fluent Financial LLC bought a new stake in shares of Chewy in the 3rd quarter worth about $1,733,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Chewy Trading Up 2.2%

CHWY opened at $32.76 on Friday. The company has a market capitalization of $13.60 billion, a price-to-earnings ratio of 68.25, a PEG ratio of 3.23 and a beta of 1.56. Chewy has a 12-month low of $29.83 and a 12-month high of $48.62. The business’s fifty day simple moving average is $33.26 and its 200-day simple moving average is $36.39.

Chewy (NYSE:CHWY) last posted its earnings results on Wednesday, December 10th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). Chewy had a net margin of 1.64% and a return on equity of 56.78%. The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period last year, the business posted $0.20 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. On average, equities research analysts predict that Chewy will post 0.24 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Piper Sandler reissued an “overweight” rating and issued a $48.00 price objective on shares of Chewy in a research report on Tuesday, December 2nd. Cowen reiterated a “buy” rating on shares of Chewy in a report on Thursday, December 4th. Mizuho restated an “outperform” rating and set a $50.00 price objective on shares of Chewy in a report on Tuesday, November 4th. Wall Street Zen downgraded Chewy from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, UBS Group set a $51.00 target price on Chewy in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Chewy presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.21.

Insider Buying and Selling

In related news, CEO Sumit Singh sold 40,789 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $33.73, for a total transaction of $1,375,812.97. Following the sale, the chief executive officer owned 623,185 shares of the company’s stock, valued at $21,020,030.05. This trade represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Satish Mehta sold 8,872 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $33.53, for a total transaction of $297,478.16. Following the sale, the chief technology officer directly owned 229,702 shares of the company’s stock, valued at approximately $7,701,908.06. The trade was a 3.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 83,985 shares of company stock worth $2,802,809 in the last three months. 0.43% of the stock is owned by insiders.

About Chewy

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.