Country Club Bank Has $5.44 Million Stake in Chewy $CHWY

Country Club Bank lowered its holdings in Chewy (NYSE:CHWY) by 26.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 126,892 shares of the company’s stock after selling 45,529 shares during the quarter. Country Club Bank’s holdings in Chewy were worth $5,435,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHWY. BC Partners PE LP acquired a new position in Chewy during the first quarter worth $7,142,402,000. Voya Investment Management LLC increased its position in shares of Chewy by 8.2% during the first quarter. Voya Investment Management LLC now owns 4,146,973 shares of the company’s stock worth $134,818,000 after acquiring an additional 312,795 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Chewy by 35.7% in the 1st quarter. Neuberger Berman Group LLC now owns 2,304,006 shares of the company’s stock worth $74,903,000 after acquiring an additional 606,526 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Chewy in the 1st quarter valued at about $61,390,000. Finally, AQR Capital Management LLC boosted its stake in Chewy by 3,005.1% during the 1st quarter. AQR Capital Management LLC now owns 1,398,580 shares of the company’s stock valued at $44,041,000 after purchasing an additional 1,353,539 shares during the last quarter. Institutional investors own 93.09% of the company’s stock.

Insider Activity

In other news, CTO Satish Mehta sold 8,727 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $35.82, for a total transaction of $312,601.14. Following the completion of the transaction, the chief technology officer directly owned 276,467 shares of the company’s stock, valued at $9,903,047.94. This represents a 3.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sumit Singh sold 29,557 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $1,051,342.49. Following the transaction, the chief executive officer directly owned 540,406 shares of the company’s stock, valued at $19,222,241.42. This represents a 5.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,657 shares of company stock valued at $2,444,311 in the last three months. Company insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CHWY shares. Evercore ISI set a $52.00 price objective on Chewy and gave the stock an “outperform” rating in a research note on Thursday, June 12th. Robert W. Baird lowered their price target on Chewy from $52.00 to $48.00 and set an “outperform” rating for the company in a research report on Thursday, September 11th. Mizuho raised shares of Chewy from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $44.00 to $50.00 in a report on Monday, September 8th. JPMorgan Chase & Co. lowered their target price on shares of Chewy from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, September 11th. Finally, TD Cowen cut their price target on shares of Chewy from $50.00 to $48.00 and set a “buy” rating 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 given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.84.

Chewy Stock Performance

Shares of CHWY stock opened at $37.63 on Tuesday. Chewy has a 52-week low of $26.28 and a 52-week high of $48.62. The company has a 50-day simple moving average of $38.57 and a two-hundred day simple moving average of $38.86. The company has a market capitalization of $15.61 billion, a price-to-earnings ratio of 107.51, a PEG ratio of 9.32 and a beta of 1.62.

Chewy (NYSE:CHWY) last issued its quarterly earnings data 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 return on equity of 50.45% and a net margin of 1.22%.The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter 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. On average, sell-side analysts forecast that Chewy will post 0.24 EPS for the current fiscal year.

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.