Chewy $CHWY Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in shares of Chewy (NYSE:CHWY) by 685.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 89,204 shares of the company’s stock after buying an additional 77,843 shares during the quarter. Hsbc Holdings PLC’s holdings in Chewy were worth $2,956,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CHWY. Rockefeller Capital Management L.P. increased its holdings in Chewy by 17.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 14,054 shares of the company’s stock valued at $464,000 after buying an additional 2,111 shares during the last quarter. Corient Private Wealth LLC acquired a new stake in Chewy during the fourth quarter valued at approximately $333,000. Keenan LLC bought a new position in Chewy during the 4th quarter worth approximately $440,000. Wick Capital Partners LLC bought a new position in Chewy during the 4th quarter worth approximately $237,000. Finally, Pacer Advisors Inc. grew its position in shares of Chewy by 14.9% in the 4th quarter. Pacer Advisors Inc. now owns 33,734 shares of the company’s stock worth $1,115,000 after acquiring an additional 4,374 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Sumit Singh sold 83,306 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $25.60, for a total transaction of $2,132,633.60. Following the transaction, the chief executive officer owned 874,061 shares in the company, valued at $22,375,961.60. This trade represents a 8.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $26.91, for a total value of $219,289.59. The disclosure for this sale is available in the SEC filing. Insiders have sold 95,675 shares of company stock worth $2,459,955 in the last quarter. Company insiders own 0.34% of the company’s stock.

Chewy Stock Down 0.1%

Shares of CHWY opened at $18.53 on Monday. The firm has a market capitalization of $7.59 billion, a PE ratio of 30.89, a P/E/G ratio of 0.93 and a beta of 1.44. The firm has a 50-day moving average price of $21.91 and a 200 day moving average price of $26.32. Chewy has a 52-week low of $17.40 and a 52-week high of $43.63.

Chewy (NYSE:CHWY) last released 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 company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.35 billion. Chewy had a net margin of 1.99% and a return on equity of 60.02%. Chewy’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. On average, equities analysts expect that Chewy will post 0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CHWY shares. TD Cowen reiterated a “buy” rating on shares of Chewy in a report on Tuesday, June 23rd. Argus raised shares of Chewy to a “strong-buy” rating in a report on Tuesday, April 7th. Piper Sandler set a $30.00 target price on shares of Chewy in a research note on Wednesday, June 10th. The Goldman Sachs Group lowered their target price on shares of Chewy from $46.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, June 12th. Finally, Morgan Stanley dropped their target price on shares of Chewy from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently 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.