Lecap Asset Management Ltd. Buys New Stake in Chewy $CHWY

Lecap Asset Management Ltd. purchased a new position in shares of Chewy (NYSE:CHWY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 20,714 shares of the company’s stock, valued at approximately $838,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Baird Financial Group Inc. purchased a new stake in Chewy during the first quarter worth approximately $379,000. Royal Bank of Canada raised its holdings in Chewy by 2.5% during the first quarter. Royal Bank of Canada now owns 220,509 shares of the company’s stock worth $7,168,000 after purchasing an additional 5,466 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Chewy by 58.1% during the 1st quarter. Advisors Asset Management Inc. now owns 16,316 shares of the company’s stock worth $530,000 after buying an additional 5,993 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Chewy in the 1st quarter valued at $510,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of Chewy by 5,238.3% in the 1st quarter. NewEdge Advisors LLC now owns 32,510 shares of the company’s stock valued at $1,057,000 after buying an additional 31,901 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Chewy Stock Down 1.9%

Shares of CHWY stock opened at $31.40 on Friday. The stock’s 50-day moving average price is $33.30 and its 200 day moving average price is $36.74. The stock has a market capitalization of $13.03 billion, a PE ratio of 65.41, a price-to-earnings-growth ratio of 3.23 and a beta of 1.56. Chewy has a 52-week low of $29.83 and a 52-week high of $48.62.

Chewy (NYSE:CHWY) last announced its earnings results on Wednesday, December 10th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.17). The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Chewy had a net margin of 1.64% and a return on equity of 56.78%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. Analysts expect that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Activity at Chewy

In other news, CEO Sumit Singh sold 40,789 shares of Chewy stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $33.73, for a total value of $1,375,812.97. Following the sale, the chief executive officer owned 623,185 shares of the company’s stock, valued at $21,020,030.05. The trade was a 6.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William G. Billings sold 1,121 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $32.72, for a total transaction of $36,679.12. Following the transaction, the chief accounting officer owned 31,045 shares in the company, valued at approximately $1,015,792.40. This trade represents a 3.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 83,985 shares of company stock worth $2,802,809 in the last three months. Insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of Chewy from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research report on Thursday, December 11th. JPMorgan Chase & Co. reduced their target price on Chewy from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, September 11th. Citigroup restated a “market outperform” rating on shares of Chewy in a research note on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft raised Chewy from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $46.58.

Chewy 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.