Chewy $CHWY Shares Purchased by Neuberger Berman Group LLC

Neuberger Berman Group LLC increased its holdings in shares of Chewy (NYSE:CHWY) by 27.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,651,299 shares of the company’s stock after acquiring an additional 574,293 shares during the quarter. Neuberger Berman Group LLC’s holdings in Chewy were worth $107,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its holdings in Chewy by 231.1% in the second quarter. AQR Capital Management LLC now owns 4,631,343 shares of the company’s stock valued at $196,323,000 after purchasing an additional 3,232,763 shares during the last quarter. State Street Corp grew its position in Chewy by 75.5% during the 2nd quarter. State Street Corp now owns 6,170,197 shares of the company’s stock worth $262,974,000 after purchasing an additional 2,654,496 shares during the period. Champlain Investment Partners LLC purchased a new position in shares of Chewy during the 3rd quarter valued at about $89,022,000. Geode Capital Management LLC raised its stake in shares of Chewy by 88.1% during the 2nd quarter. Geode Capital Management LLC now owns 4,076,911 shares of the company’s stock valued at $174,097,000 after buying an additional 1,909,457 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Chewy by 34.7% in the 2nd quarter. Invesco Ltd. now owns 7,187,518 shares of the company’s stock valued at $306,332,000 after buying an additional 1,852,531 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Chewy Price Performance

NYSE CHWY opened at $25.46 on Friday. The stock’s 50 day simple moving average is $29.22 and its 200-day simple moving average is $33.82. The company has a market cap of $10.57 billion, a PE ratio of 53.04, a price-to-earnings-growth ratio of 1.76 and a beta of 1.60. Chewy has a 1-year low of $23.06 and a 1-year high of $48.62.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, December 10th. The company reported $0.32 EPS for the quarter, topping 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 firm had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the business earned $0.20 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. On average, equities research analysts anticipate that Chewy will post 0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

CHWY has been the topic of a number of recent research reports. Piper Sandler restated an “overweight” rating on shares of Chewy in a research note on Thursday, February 5th. Morgan Stanley lifted their price target on Chewy from $48.00 to $51.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. TD Cowen reissued a “buy” rating on shares of Chewy in a report on Thursday, December 4th. Raymond James Financial upgraded Chewy from a “market perform” rating to an “outperform” rating and set a $28.00 price objective on the stock in a research report on Thursday, February 19th. Finally, Wolfe Research set a $44.00 price objective on shares of Chewy in a research note on Monday, January 5th. Seventeen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $46.05.

Insider Activity

In other news, CTO Satish Mehta sold 13,013 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $28.99, for a total transaction of $377,246.87. Following the completion of the sale, the chief technology officer owned 273,835 shares of the company’s stock, valued at $7,938,476.65. This represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.43% of the stock is owned by insiders.

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.