Capital World Investors Increases Stock Position in Chewy $CHWY

Capital World Investors lifted its holdings in shares of Chewy (NYSE:CHWY) by 58.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,107 shares of the company’s stock after buying an additional 56,022 shares during the quarter. Capital World Investors’ holdings in Chewy were worth $4,994,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CHWY. Royal Bank of Canada lifted its stake in shares of Chewy by 2.5% during the 1st quarter. Royal Bank of Canada now owns 220,509 shares of the company’s stock valued at $7,168,000 after buying an additional 5,466 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Chewy during the 1st quarter worth approximately $510,000. NewEdge Advisors LLC increased its holdings in 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 acquiring an additional 31,901 shares during the period. Goldman Sachs Group Inc. increased its holdings in Chewy by 1.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company’s stock worth $38,236,000 after acquiring an additional 17,788 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in 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 worth $12,483,000 after acquiring an additional 92,129 shares during the period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Chewy posted Q1 net sales of $3.36 billion, up 7.7% year over year, with gross margin improving to 30.1% and adjusted EPS of $0.43 matching estimates, underscoring continued profitability and execution. Article Title
• Positive Sentiment: Management emphasized margin discipline and stronger cash generation, which helped support bullish analyst commentary; J.P. Morgan and Raymond James both reiterated Buy ratings, citing Chewy’s long-term growth drivers and attractive valuation. Article Title
• Positive Sentiment: Several market reports said the results beat expectations on profit and were accompanied by record adjusted EBITDA profitability, which some investors viewed as evidence that Chewy can still expand earnings even in a choppier consumer environment. Article Title
• Neutral Sentiment: Chewy lowered full-year net sales guidance to $13.4 billion-$13.55 billion from a prior $13.6 billion-$13.75 billion range, reflecting softer consumer spending on pets and creating a mixed read-through for growth investors. Article Title
• Negative Sentiment: The reduced outlook and management’s caution about a “stretched” U.S. consumer suggest demand could remain under pressure in the near term, which is weighing on the stock despite the strong quarter. Article Title

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CHWY. Raymond James Financial reaffirmed a “buy” rating on shares of Chewy in a report on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of Chewy from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, June 2nd. TD Cowen upped their target price on shares of Chewy from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, March 26th. Citizens Jmp decreased their target price on shares of Chewy from $48.00 to $45.00 and set a “market outperform” rating on the stock in a report on Thursday, March 26th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $47.00 target price on shares of Chewy in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.38.

Insiders Place Their Bets

In other news, CEO Sumit Singh sold 83,306 shares of the 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 $22,375,961.60. This represents a 8.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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. Also, General Counsel Da-Wai Hu sold 8,149 shares of the 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 95,675 shares of company stock worth $2,459,955 in the last three months. Insiders own 0.34% of the company’s stock.

Chewy Price Performance

Shares of NYSE:CHWY opened at $20.03 on Thursday. The company’s fifty day moving average price is $23.80 and its 200-day moving average price is $27.62. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of 38.52, a PEG ratio of 0.91 and a beta of 1.44. Chewy has a one year low of $19.08 and a one year high of $43.84.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, June 10th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.19. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.35 billion. Chewy had a net margin of 1.77% and a return on equity of 53.48%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 EPS. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. As a group, equities research analysts expect that Chewy will post 0.87 EPS for the current year.

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.