BI Asset Management Fondsmaeglerselskab A S Invests $1.85 Million in Chewy $CHWY

BI Asset Management Fondsmaeglerselskab A S acquired a new position in Chewy (NYSE:CHWY) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 55,916 shares of the company’s stock, valued at approximately $1,848,000.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Chewy by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 19,920,347 shares of the company’s stock worth $658,367,000 after buying an additional 1,017,214 shares during the last quarter. Wellington Management Group LLP increased its position in Chewy by 295.9% during the third quarter. Wellington Management Group LLP now owns 17,622,768 shares of the company’s stock worth $712,841,000 after buying an additional 13,171,325 shares during the last quarter. AQR Capital Management LLC increased its position in Chewy by 120.2% during the third quarter. AQR Capital Management LLC now owns 10,196,146 shares of the company’s stock worth $407,948,000 after buying an additional 5,564,803 shares during the last quarter. State Street Corp increased its position in Chewy by 75.5% during the second quarter. State Street Corp now owns 6,170,197 shares of the company’s stock worth $262,974,000 after buying an additional 2,654,496 shares during the last quarter. Finally, Viking Global Investors LP acquired a new position in Chewy during the third quarter worth $221,815,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Chewy Price Performance

CHWY stock opened at $20.39 on Wednesday. Chewy has a 52-week low of $19.30 and a 52-week high of $46.35. The company has a 50-day moving average of $23.91 and a two-hundred day moving average of $27.71. The stock has a market capitalization of $8.50 billion, a price-to-earnings ratio of 39.21, a price-to-earnings-growth ratio of 0.89 and a beta of 1.44.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, March 25th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.19). Chewy had a net margin of 1.77% and a return on equity of 53.48%. The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the business posted $0.28 EPS. The firm’s quarterly revenue was up .5% on a year-over-year basis. Equities analysts expect that Chewy will post 0.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on CHWY. Royal Bank Of Canada reissued an “outperform” rating and set a $47.00 target price on shares of Chewy in a research report on Thursday, June 4th. Wall Street Zen downgraded shares of Chewy from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research downgraded shares of Chewy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Barclays lowered their target price on shares of Chewy from $48.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Chewy from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.24.

Chewy News Roundup

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Analyst sentiment remains supportive: William Blair’s Dylan Carden reiterated a Buy rating, arguing Chewy’s shares are undervalued and that the company has structural margin upside and long-term free cash flow potential. Article Title
• Positive Sentiment: Options activity was unusually heavy, with traders buying more than 25,000 call options, which can signal speculation that CHWY could move higher around earnings.
• Neutral Sentiment: Multiple previews note that Chewy is set to report before the market open, making the upcoming earnings release the main near-term catalyst for the stock. Article Title
• Neutral Sentiment: Coverage also highlights investor debate over Chewy’s valuation, AI spending, and veterinary clinic expansion, suggesting the market is waiting to see whether those investments can drive better growth and margins. Article Title
• Negative Sentiment: The stock has fallen sharply over the past year, and recent commentary says Chewy was “mashed” in May after CEO comments sounded cautious about consumer demand, reinforcing worries about near-term growth. Article Title
• Negative Sentiment: Wall Street has been cutting price targets ahead of earnings, reflecting lower confidence that CHWY will quickly reaccelerate. Article Title

Insider Transactions at Chewy

In other Chewy news, General Counsel Da-Wai Hu sold 8,149 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total transaction of $219,289.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sumit Singh sold 83,306 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $25.60, for a total transaction of $2,132,633.60. Following the transaction, the chief executive officer owned 874,061 shares of the company’s stock, valued at approximately $22,375,961.60. This represents a 8.70% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 95,675 shares of company stock valued at $2,459,955. Corporate insiders own 0.34% of the company’s stock.

Chewy Company Profile

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.