Neo Ivy Capital Management Purchases New Shares in Chewy $CHWY

Neo Ivy Capital Management acquired a new stake in shares of Chewy (NYSE:CHWY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 44,564 shares of the company’s stock, valued at approximately $1,803,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CHWY. Royal Bank of Canada raised its position 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 position in shares of Chewy in the 1st quarter valued at about $510,000. NewEdge Advisors LLC grew its position in Chewy by 5,238.3% in the first 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 in the last quarter. Goldman Sachs Group Inc. grew its position in Chewy by 1.5% in the first 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 in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Chewy by 31.6% during the first 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 last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CHWY. Barclays decreased their price objective on Chewy from $52.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday. UBS Group set a $51.00 target price on Chewy in a report on Tuesday, January 13th. Needham & Company LLC restated a “hold” rating on shares of Chewy in a report on Thursday, December 11th. Raymond James Financial upgraded Chewy from a “market perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a report on Thursday, February 19th. Finally, Wolfe Research set a $44.00 price target on Chewy in a research report on Monday, January 5th. Seventeen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Chewy presently has an average rating of “Moderate Buy” and an average price target of $46.05.

Insider Buying and Selling

In other Chewy news, CTO Satish Mehta sold 13,013 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $28.99, for a total value of $377,246.87. Following the sale, the chief technology officer owned 273,835 shares in the company, valued at $7,938,476.65. This trade represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.43% of the stock is owned by company insiders.

Chewy Price Performance

Shares of NYSE:CHWY opened at $25.46 on Friday. Chewy has a 1 year low of $23.06 and a 1 year high of $48.62. The business has a 50 day simple moving average of $29.22 and a two-hundred day simple moving average of $33.82. The firm has a market capitalization of $10.57 billion, a PE ratio of 53.04, a price-to-earnings-growth ratio of 1.76 and a beta of 1.60.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, December 10th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Chewy had a return on equity of 56.78% and a net margin of 1.64%.The firm had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. Equities research analysts expect that Chewy will post 0.24 EPS for the current fiscal 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.