Chewy $CHWY Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS increased its holdings in Chewy (NYSE:CHWY) by 12.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,600 shares of the company’s stock after buying an additional 4,400 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Chewy were worth $1,730,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BC Partners PE LP acquired a new position in Chewy in the 1st quarter worth approximately $7,142,402,000. Voya Investment Management LLC grew its stake in shares of Chewy by 8.2% during the 1st quarter. Voya Investment Management LLC now owns 4,146,973 shares of the company’s stock worth $134,818,000 after purchasing an additional 312,795 shares during the period. Neuberger Berman Group LLC grew 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 period. AQR Capital Management LLC grew its stake 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 purchasing an additional 1,353,539 shares during the period. Finally, Ameriprise Financial Inc. grew its stake 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 during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Stock Performance

Chewy stock opened at $39.07 on Monday. The company’s fifty day moving average price is $38.75 and its 200 day moving average price is $39.00. Chewy has a 1 year low of $26.28 and a 1 year high of $48.62. The stock has a market capitalization of $16.21 billion, a P/E ratio of 111.62, a P/E/G ratio of 9.76 and a beta of 1.62.

Chewy (NYSE:CHWY) last released its quarterly earnings results on Wednesday, September 10th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). Chewy had a net margin of 1.22% and a return on equity of 50.45%. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the business posted $0.24 EPS. Chewy’s revenue was up 8.6% compared to the same quarter last year. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. Sell-side analysts predict that Chewy will post 0.24 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wedbush reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Chewy in a research note on Thursday, September 11th. Deutsche Bank Aktiengesellschaft raised shares of Chewy from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Thursday, September 11th. Wall Street Zen cut shares of Chewy from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Moffett Nathanson raised shares of Chewy from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Thursday, September 25th. Finally, Royal Bank Of Canada dropped their price objective on shares of Chewy from $44.00 to $43.00 and set an “outperform” rating on the stock in a research note on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $45.84.

Insider Activity at Chewy

In related news, CEO Sumit Singh sold 4,264 shares of Chewy stock in a transaction on Monday, August 4th. The shares were sold at an average price of $35.57, for a total value of $151,670.48. Following the sale, the chief executive officer owned 72,549 shares of the company’s stock, valued at approximately $2,580,567.93. This trade represents a 5.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Satish Mehta sold 8,727 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $35.82, for a total value of $312,601.14. Following the completion of the transaction, the chief technology officer owned 276,467 shares in the company, valued at $9,903,047.94. The trade was a 3.06% 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 owned by company insiders.

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.