Chewy $CHWY Stake Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in Chewy (NYSE:CHWY) by 685.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,204 shares of the company’s stock after acquiring an additional 77,843 shares during the quarter. Hsbc Holdings PLC’s holdings in Chewy were worth $2,956,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Royal Bank of Canada grew its stake in Chewy by 2.5% in the first quarter. Royal Bank of Canada now owns 220,509 shares of the company’s stock valued at $7,168,000 after purchasing an additional 5,466 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Chewy during the 1st quarter worth about $510,000. NewEdge Advisors LLC raised its stake in shares of Chewy by 5,238.3% during the 1st quarter. NewEdge Advisors LLC now owns 32,510 shares of the company’s stock worth $1,057,000 after purchasing an additional 31,901 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Chewy by 1.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company’s stock valued at $38,236,000 after buying an additional 17,788 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Chewy by 31.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 383,966 shares of the company’s stock valued at $12,483,000 after buying an additional 92,129 shares during the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Chewy news, General Counsel Da-Wai Hu sold 8,149 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $26.91, for a total value of $219,289.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sumit Singh sold 83,306 shares of Chewy stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $25.60, for a total value of $2,132,633.60. Following the completion of the transaction, the chief executive officer directly owned 874,061 shares in the company, valued at approximately $22,375,961.60. This represents a 8.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 95,675 shares of company stock valued at $2,459,955 in the last three months. 0.34% of the stock is owned by insiders.

Chewy Price Performance

Chewy stock opened at $18.53 on Monday. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 30.89, a P/E/G ratio of 0.93 and a beta of 1.44. Chewy has a fifty-two week low of $17.40 and a fifty-two week high of $43.63. The firm has a fifty day moving average price of $21.91 and a two-hundred day moving average price of $26.32.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, June 10th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.19. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.35 billion. Chewy had a return on equity of 60.02% and a net margin of 1.99%.The firm’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $0.35 earnings per share. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. As a group, sell-side analysts expect that Chewy will post 0.8 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. lowered their price target on Chewy from $35.00 to $29.00 and set an “overweight” rating for the company in a research note on Thursday, June 11th. Argus raised shares of Chewy to a “strong-buy” rating in a research report on Tuesday, April 7th. Moffett Nathanson set a $28.00 target price on shares of Chewy in a research note on Thursday, June 11th. Weiss Ratings downgraded shares of Chewy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Finally, Robert W. Baird dropped their price target on shares of Chewy from $40.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.05.

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.