Jefferies Financial Group Inc. Acquires 86,526 Shares of Chewy $CHWY

Jefferies Financial Group Inc. increased its holdings in shares of Chewy (NYSE:CHWY) by 550.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,249 shares of the company’s stock after purchasing an additional 86,526 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Chewy were worth $3,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHWY. Transatlantique Private Wealth LLC boosted its holdings in shares of Chewy by 3.0% in the 3rd quarter. Transatlantique Private Wealth LLC now owns 10,922 shares of the company’s stock worth $442,000 after purchasing an additional 314 shares during the period. National Bank of Canada FI boosted its holdings in shares of Chewy by 12.5% in the 3rd quarter. National Bank of Canada FI now owns 2,910 shares of the company’s stock worth $118,000 after purchasing an additional 324 shares during the period. Angeles Wealth Management LLC boosted its holdings in shares of Chewy by 6.6% in the 3rd quarter. Angeles Wealth Management LLC now owns 5,305 shares of the company’s stock worth $215,000 after purchasing an additional 330 shares during the period. 180 Wealth Advisors LLC boosted its holdings in shares of Chewy by 4.4% in the 4th quarter. 180 Wealth Advisors LLC now owns 9,222 shares of the company’s stock worth $305,000 after purchasing an additional 390 shares during the period. Finally, waypoint wealth counsel boosted its holdings in shares of Chewy by 3.8% in the 4th quarter. waypoint wealth counsel now owns 11,220 shares of the company’s stock worth $371,000 after purchasing an additional 415 shares during the period. 93.09% of the stock is owned by institutional investors.

Chewy Stock Up 2.7%

CHWY opened at $21.28 on Wednesday. The business has a fifty day moving average of $24.66 and a 200 day moving average of $28.59. Chewy has a 52-week low of $19.30 and a 52-week high of $48.62. The stock has a market cap of $8.87 billion, a P/E ratio of 40.92, a PEG ratio of 0.90 and a beta of 1.50.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, March 25th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.19). Chewy had a net margin of 1.77% and a return on equity of 53.48%. The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the firm earned $0.28 EPS. Chewy’s revenue was up .5% compared to the same quarter last year. Equities analysts anticipate that Chewy will post 0.89 EPS for the current fiscal year.

Chewy News Roundup

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Analysts and commentary highlighted Chewy’s strong Autoship business, AI initiatives, and veterinary expansion, which could support longer-term growth. Chewy vs. Petco: Which Pet-Care Stock Looks Better Positioned?
• Positive Sentiment: Chewy’s debt-free balance sheet, record free cash flow, and rising liquidity were cited as giving the company flexibility to fund growth investments and share buybacks. Chewy’s Capital Strength Provides Flexibility for Growth Investments
• Positive Sentiment: Wall Street analysts remain broadly constructive on Chewy, with coverage suggesting the stock still has meaningful upside from current levels. Is Chewy (CHWY) a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: Chewy outperformed the broader market in the latest session, but the move appeared tied more to general trading momentum and analyst sentiment than to a new company-specific catalyst. Chewy (CHWY) Beats Stock Market Upswing: What Investors Need to Know
• Negative Sentiment: Morgan Stanley said Chewy may need to lower the high end of its full-year sales guidance because of weakening pet industry trends, which is the main bearish takeaway for investors today. Chewy Likely to Lower High End of Sales Guidance Amid Weakening Pet Industry Trends, Morgan Stanley Says
• Negative Sentiment: Morgan Stanley also trimmed its price target on Chewy from $49 to $43, signaling slightly less confidence in near-term upside even while keeping an overweight rating. Morgan Stanley price target cut

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. TD Cowen lifted their target price on Chewy from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, March 26th. Wall Street Zen cut Chewy from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Piper Sandler reiterated an “overweight” rating on shares of Chewy in a report on Thursday, February 5th. Royal Bank Of Canada lifted their target price on Chewy from $43.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, March 30th. Finally, Zacks Research upgraded Chewy from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Chewy currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.14.

Insiders Place Their Bets

In related news, General Counsel Da-Wai Hu sold 8,149 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $26.91, for a total transaction of $219,289.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sumit Singh sold 83,306 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $25.60, for a total value of $2,132,633.60. Following the transaction, the chief executive officer owned 874,061 shares of the company’s stock, valued at approximately $22,375,961.60. The trade was a 8.70% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last 90 days, insiders have sold 95,675 shares of company stock valued at $2,459,955. 0.43% of the stock is owned by company insiders.

About Chewy

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.