Tabor Asset Management LP Increases Stock Position in Chewy $CHWY

Tabor Asset Management LP increased its holdings in Chewy (NYSE:CHWY) by 36.9% during the second quarter, HoldingsChannel.com reports. The fund owned 37,819 shares of the company’s stock after buying an additional 10,190 shares during the period. Tabor Asset Management LP’s holdings in Chewy were worth $1,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of CHWY. Teacher Retirement System of Texas lifted its holdings in shares of Chewy by 81.0% during the first quarter. Teacher Retirement System of Texas now owns 29,080 shares of the company’s stock worth $945,000 after purchasing an additional 13,017 shares during the period. New Mexico Educational Retirement Board raised its position in Chewy by 21.7% during the 1st quarter. New Mexico Educational Retirement Board now owns 35,300 shares of the company’s stock worth $1,148,000 after buying an additional 6,300 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Chewy by 72.4% in the 1st quarter. Cerity Partners LLC now owns 29,711 shares of the company’s stock worth $966,000 after acquiring an additional 12,481 shares during the period. State of Michigan Retirement System lifted its stake in shares of Chewy by 1.5% in the 1st quarter. State of Michigan Retirement System now owns 39,600 shares of the company’s stock worth $1,287,000 after acquiring an additional 600 shares during the period. Finally, Arizona State Retirement System boosted its holdings in shares of Chewy by 2.9% in the first quarter. Arizona State Retirement System now owns 53,781 shares of the company’s stock valued at $1,748,000 after acquiring an additional 1,522 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Chewy Price Performance

CHWY opened at $33.70 on Friday. Chewy has a 1-year low of $29.83 and a 1-year high of $48.62. The stock has a market cap of $13.98 billion, a P/E ratio of 96.29, a P/E/G ratio of 8.17 and a beta of 1.67. The stock’s 50 day simple moving average is $37.46 and its 200 day simple moving average is $39.26.

Chewy (NYSE:CHWY) last posted its earnings results on Wednesday, September 10th. The company reported $0.33 EPS for the quarter, hitting analysts’ consensus estimates of $0.33. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. Chewy had a return on equity of 50.45% and a net margin of 1.22%.Chewy’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 earnings per share. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. Research analysts expect that Chewy will post 0.24 EPS for the current fiscal year.

Insider Buying and Selling

In other Chewy news, CEO Sumit Singh sold 2,289 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $32.72, for a total transaction of $74,896.08. Following the sale, the chief executive officer owned 75,777 shares in the company, valued at approximately $2,479,423.44. This represents a 2.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Satish Mehta sold 4,642 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $32.65, for a total value of $151,561.30. Following the transaction, the chief technology officer directly owned 229,702 shares of the company’s stock, valued at $7,499,770.30. The trade was a 1.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,629 shares of company stock worth $903,696 in the last three months. Corporate insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

CHWY has been the subject of several analyst reports. Wall Street Zen cut shares of Chewy from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Morgan Stanley dropped their target price on Chewy from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. TD Cowen reduced their price target on Chewy from $50.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Mizuho restated an “outperform” rating and issued a $50.00 price target on shares of Chewy in a research note on Tuesday. Finally, UBS Group dropped their price objective on Chewy from $46.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Chewy presently has a consensus rating of “Moderate Buy” and an average target price of $45.84.

About Chewy

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.