Chewy $CHWY Stock Position Cut by Hussman Strategic Advisors Inc.

by · The Markets Daily

Hussman Strategic Advisors Inc. decreased its stake in shares of Chewy (NYSE:CHWY – Free Report) by 50.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,000 shares of the company’s stock after selling 42,000 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Chewy were worth $1,790,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CHWY. BC Partners PE LP bought a new position in shares of Chewy in the first quarter valued at approximately $7,142,402,000. AQR Capital Management LLC lifted its position 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 worth $44,041,000 after purchasing an additional 1,353,539 shares during the period. Allspring Global Investments Holdings LLC lifted its position 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 worth $79,214,000 after purchasing an additional 1,308,343 shares during the period. Ameriprise Financial Inc. boosted its stake in Chewy by 426.1% during the 1st quarter. Ameriprise Financial Inc. now owns 1,189,957 shares of the company’s stock valued at $38,686,000 after purchasing an additional 963,780 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its position in shares of Chewy by 35.7% during the 1st quarter. Neuberger Berman Group LLC now owns 2,304,006 shares of the company’s stock valued at $74,903,000 after purchasing an additional 606,526 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.

Chewy Stock Down 2.7%

NYSE:CHWY opened at $32.82 on Tuesday. The stock has a fifty day simple moving average of $38.07 and a 200 day simple moving average of $39.36. The firm has a market capitalization 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 has a 1-year low of $28.36 and a 1-year high of $48.62.

Chewy (NYSE:CHWY – Get Free Report) last posted its quarterly earnings data on Wednesday, September 10th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). Chewy had a net margin of 1.22% and a return on equity of 50.45%. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the prior year, the company posted $0.24 earnings per share. Chewy’s quarterly revenue was up 8.6% compared to the same quarter last year. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. Equities analysts predict that Chewy will post 0.24 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on CHWY shares. JPMorgan Chase & Co. cut their price objective on Chewy from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, September 11th. Robert W. Baird cut their price target on shares of Chewy from $52.00 to $48.00 and set an “outperform” rating for the company in a report on Thursday, September 11th. Morgan Stanley reduced their price objective on shares of Chewy from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. Moffett Nathanson raised shares of Chewy from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Thursday, September 25th. Finally, Citigroup cut their target price on shares of Chewy from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $45.84.

Check Out Our Latest Research Report on CHWY

About Chewy

(Free Report)

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.

Further Reading

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