Concentric Capital Strategies LP Makes New Investment in Chewy $CHWY

Concentric Capital Strategies LP purchased a new stake in Chewy (NYSE:CHWY) in the fourth quarter, HoldingsChannel reports. The firm purchased 387,375 shares of the company’s stock, valued at approximately $12,803,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Chewy by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 19,920,347 shares of the company’s stock worth $658,367,000 after acquiring an additional 1,017,214 shares during the last quarter. WINTON GROUP Ltd grew its position in shares of Chewy by 110.6% in the third quarter. WINTON GROUP Ltd now owns 239,800 shares of the company’s stock valued at $9,700,000 after purchasing an additional 125,943 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Chewy by 218.6% during the 3rd quarter. Intech Investment Management LLC now owns 173,300 shares of the company’s stock worth $7,010,000 after purchasing an additional 118,903 shares in the last quarter. Champlain Investment Partners LLC purchased a new position in shares of Chewy during the 3rd quarter worth approximately $89,022,000. Finally, ING Groep NV acquired a new position in shares of Chewy during the 4th quarter worth approximately $5,883,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insider Activity at Chewy

In other news, General Counsel Da-Wai Hu sold 8,149 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total transaction of $219,289.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sumit Singh sold 83,306 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $25.60, for a total value of $2,132,633.60. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders have sold 95,675 shares of company stock valued at $2,459,955 in the last ninety days. 0.34% of the stock is currently owned by company insiders.

Chewy Trading Down 5.6%

NYSE CHWY opened at $17.81 on Thursday. The business’s 50-day moving average price is $23.00 and its 200 day moving average price is $27.10. Chewy has a twelve month low of $17.77 and a twelve month high of $43.84. The company has a market capitalization of $7.42 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, June 10th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.19. Chewy had a net margin of 1.99% and a return on equity of 60.02%. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the prior year, the company posted $0.35 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. Equities analysts predict that Chewy will post 0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CHWY shares. Morgan Stanley dropped their price target on Chewy from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, June 11th. Needham & Company LLC restated a “hold” rating on shares of Chewy in a research report on Thursday, June 11th. Wall Street Zen cut Chewy from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Raymond James Financial reissued a “buy” rating on shares of Chewy in a research note on Wednesday, June 10th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Chewy in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Chewy has a consensus rating of “Moderate Buy” and a consensus target price of $32.05.

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.