Penserra Capital Management LLC Sells 48,753 Shares of Chewy $CHWY

Penserra Capital Management LLC decreased its position in Chewy (NYSE:CHWY) by 34.7% during the second quarter, HoldingsChannel.com reports. The fund owned 91,756 shares of the company’s stock after selling 48,753 shares during the quarter. Penserra Capital Management LLC’s holdings in Chewy were worth $3,909,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Teacher Retirement System of Texas grew its holdings in shares of Chewy by 81.0% in the first quarter. Teacher Retirement System of Texas now owns 29,080 shares of the company’s stock valued at $945,000 after purchasing an additional 13,017 shares in the last quarter. Cerity Partners LLC raised its stake in Chewy by 72.4% during the first quarter. Cerity Partners LLC now owns 29,711 shares of the company’s stock valued at $966,000 after purchasing an additional 12,481 shares in the last quarter. State of Michigan Retirement System lifted its position in Chewy by 1.5% during the first quarter. State of Michigan Retirement System now owns 39,600 shares of the company’s stock valued at $1,287,000 after purchasing an additional 600 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Chewy by 2.9% in the 1st quarter. Arizona State Retirement System now owns 53,781 shares of the company’s stock worth $1,748,000 after buying an additional 1,522 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in shares of Chewy by 1.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 46,400 shares of the company’s stock worth $1,508,000 after buying an additional 700 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Chewy Stock Performance

Shares of NYSE CHWY opened at $33.70 on Monday. Chewy has a fifty-two week low of $29.83 and a fifty-two week high of $48.62. The company has a market cap of $13.98 billion, a price-to-earnings ratio of 96.29, a PEG ratio of 8.39 and a beta of 1.67. The business’s 50 day moving average price is $37.46 and its 200-day moving average price is $39.31.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, September 10th. The company reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. Chewy had a return on equity of 50.45% and a net margin of 1.22%.The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the prior year, the company posted $0.24 EPS. Chewy’s quarterly revenue was up 8.6% on a year-over-year basis. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. Sell-side analysts predict that Chewy will post 0.24 earnings per share for the current year.

Analyst Ratings Changes

CHWY has been the subject of a number of analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $48.00 price target on shares of Chewy in a report on Thursday, September 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chewy in a research note on Wednesday, October 8th. Barclays dropped their target price on Chewy from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Thursday, September 11th. JPMorgan Chase & Co. decreased their price target on Chewy from $47.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, September 11th. Finally, Robert W. Baird dropped their price objective on shares of Chewy from $52.00 to $48.00 and set an “outperform” rating for the company in a research note on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.84.

Insider Transactions at Chewy

In related news, CAO William G. Billings sold 1,121 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $32.72, for a total value of $36,679.12. Following the transaction, the chief accounting officer owned 31,045 shares of the company’s stock, valued at $1,015,792.40. This trade represents a 3.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Satish Mehta sold 4,642 shares of Chewy stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $32.65, for a total transaction of $151,561.30. Following the sale, the chief technology officer 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 27,629 shares of company stock worth $903,696. Insiders own 0.43% of the company’s stock.

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.