Neo Ivy Capital Management Invests $1.80 Million in Chewy $CHWY

Neo Ivy Capital Management purchased a new position in Chewy (NYSE:CHWY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 44,564 shares of the company’s stock, valued at approximately $1,803,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in Chewy by 34.7% in the 2nd quarter. Invesco Ltd. now owns 7,187,518 shares of the company’s stock worth $306,332,000 after acquiring an additional 1,852,531 shares in the last quarter. State Street Corp raised its stake in shares of Chewy by 75.5% during the second quarter. State Street Corp now owns 6,170,197 shares of the company’s stock valued at $262,974,000 after acquiring an additional 2,654,496 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Chewy by 231.1% during the second quarter. AQR Capital Management LLC now owns 4,631,343 shares of the company’s stock valued at $196,323,000 after acquiring an additional 3,232,763 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Chewy by 88.1% during the second quarter. Geode Capital Management LLC now owns 4,076,911 shares of the company’s stock valued at $174,097,000 after acquiring an additional 1,909,457 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in Chewy by 105.8% in the second quarter. Marshall Wace LLP now owns 3,285,619 shares of the company’s stock worth $140,033,000 after purchasing an additional 1,689,064 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Insider Transactions at Chewy

In other Chewy news, CTO Satish Mehta sold 13,013 shares of Chewy stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $28.99, for a total value of $377,246.87. Following the transaction, the chief technology officer owned 273,835 shares in the company, valued at $7,938,476.65. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CHWY has been the topic of several research reports. Wolfe Research set a $44.00 price objective on Chewy in a report on Monday, January 5th. Morgan Stanley lifted their target price on Chewy from $48.00 to $51.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Wall Street Zen upgraded Chewy from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Needham & Company LLC restated a “hold” rating on shares of Chewy in a report on Thursday, December 11th. Finally, UBS Group set a $51.00 price objective on shares of Chewy in a research note on Tuesday, January 13th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $46.05.

Chewy Stock Down 2.3%

Chewy stock opened at $25.46 on Friday. The firm has a market cap of $10.57 billion, a P/E ratio of 53.04, a P/E/G ratio of 1.76 and a beta of 1.60. The business has a fifty day moving average of $29.22 and a two-hundred day moving average of $33.82. Chewy has a twelve month low of $23.06 and a twelve month high of $48.62.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, December 10th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.10 billion. Chewy had a return on equity of 56.78% and a net margin of 1.64%.The business’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $0.20 EPS. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. Equities analysts expect that Chewy will post 0.24 earnings per share for the current year.

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.