Neuberger Berman Group LLC Boosts Holdings in Chewy $CHWY

Neuberger Berman Group LLC raised its position in Chewy (NYSE:CHWY) by 27.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,651,299 shares of the company’s stock after acquiring an additional 574,293 shares during the period. Neuberger Berman Group LLC owned approximately 0.64% of Chewy worth $107,245,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CHWY. Quent Capital LLC purchased a new stake in shares of Chewy during the 3rd quarter valued at $27,000. Osterweis Capital Management Inc. acquired a new stake in shares of Chewy in the 2nd quarter worth $30,000. Princeton Global Asset Management LLC purchased a new position in Chewy during the 3rd quarter worth $40,000. EverSource Wealth Advisors LLC grew its stake in Chewy by 412.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,091 shares of the company’s stock worth $46,000 after buying an additional 878 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Chewy by 34.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock valued at $49,000 after buying an additional 298 shares in the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Chewy Stock Performance

Shares of CHWY opened at $25.46 on Friday. The stock has a 50-day moving average of $29.22 and a two-hundred day moving average of $33.82. Chewy has a one year low of $23.06 and a one year high of $48.62. The stock has a market cap of $10.57 billion, a P/E ratio of 53.04, a P/E/G ratio of 1.76 and a beta of 1.60.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, December 10th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. Chewy had a return on equity of 56.78% and a net margin of 1.64%.The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the business earned $0.20 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. Analysts predict that Chewy will post 0.24 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Satish Mehta sold 13,013 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $28.99, for a total value of $377,246.87. Following the transaction, the chief technology officer owned 273,835 shares in the company, valued at approximately $7,938,476.65. This represents a 4.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.43% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on CHWY. The Goldman Sachs Group increased their price target on Chewy from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Wolfe Research set a $44.00 price target on Chewy in a research note on Monday, January 5th. Raymond James Financial upgraded shares of Chewy from a “market perform” rating to an “outperform” rating and set a $28.00 price objective on the stock in a report on Thursday, February 19th. Piper Sandler reaffirmed an “overweight” rating on shares of Chewy in a research report on Thursday, February 5th. Finally, Citigroup reiterated a “market outperform” rating on shares of Chewy in a research note on Monday, November 24th. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.05.

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.