Chewy $CHWY Stake Lessened by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. trimmed its stake in shares of Chewy (NYSE:CHWY) by 50.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,000 shares of the company’s stock after selling 42,000 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Chewy were worth $1,790,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. BC Partners PE LP acquired a new stake in shares of Chewy in the 1st quarter valued at about $7,142,402,000. AQR Capital Management LLC increased its holdings in Chewy by 3,005.1% in the first quarter. AQR Capital Management LLC now owns 1,398,580 shares of the company’s stock valued at $44,041,000 after buying an additional 1,353,539 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Chewy by 224.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,892,344 shares of the company’s stock valued at $79,214,000 after buying an additional 1,308,343 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Chewy by 426.1% during the first quarter. Ameriprise Financial Inc. now owns 1,189,957 shares of the company’s stock valued at $38,686,000 after buying an additional 963,780 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in 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 buying an additional 606,526 shares during the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CHWY. Deutsche Bank Aktiengesellschaft upgraded Chewy from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Thursday, September 11th. Mizuho upgraded shares of Chewy from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $44.00 to $50.00 in a research note on Monday, September 8th. Robert W. Baird lowered their price objective on shares of Chewy from $52.00 to $48.00 and set an “outperform” rating for the company in a research report on Thursday, September 11th. UBS Group cut their target price on shares of Chewy from $46.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, September 11th. Finally, Citigroup decreased their target price on Chewy from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.84.

Chewy Trading Down 2.7%

NYSE CHWY opened at $32.82 on Tuesday. The company has a 50-day moving average price of $38.07 and a two-hundred day moving average price of $39.36. Chewy has a 52 week low of $28.36 and a 52 week high of $48.62. The stock has a market cap of $13.62 billion, a price-to-earnings ratio of 93.78, a price-to-earnings-growth ratio of 8.41 and a beta of 1.67.

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 the consensus estimate of $0.33 by ($0.19). Chewy had a return on equity of 50.45% and a net margin of 1.22%.The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The business’s quarterly revenue 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. As a group, equities research analysts expect that Chewy will post 0.24 earnings per share 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.