Assenagon Asset Management S.A. Decreases Stock Position in Chewy $CHWY

Assenagon Asset Management S.A. lessened its stake in shares of Chewy (NYSE:CHWY) by 2.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,035,364 shares of the company’s stock after selling 44,833 shares during the period. Assenagon Asset Management S.A.’s holdings in Chewy were worth $54,955,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in CHWY. National Bank of Canada FI lifted its position in shares of Chewy by 12.5% in the third quarter. National Bank of Canada FI now owns 2,910 shares of the company’s stock worth $118,000 after buying an additional 324 shares in the last quarter. Angeles Wealth Management LLC grew its holdings in Chewy by 6.6% during the 3rd quarter. Angeles Wealth Management LLC now owns 5,305 shares of the company’s stock valued at $215,000 after buying an additional 330 shares in the last quarter. 180 Wealth Advisors LLC increased its stake in Chewy by 4.4% in the 4th quarter. 180 Wealth Advisors LLC now owns 9,222 shares of the company’s stock worth $305,000 after acquiring an additional 390 shares during the last quarter. Dynasty Wealth Management LLC increased its stake in Chewy by 6.6% in the 4th quarter. Dynasty Wealth Management LLC now owns 6,321 shares of the company’s stock worth $209,000 after acquiring an additional 394 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in shares of Chewy by 81.4% during the 4th quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock worth $30,000 after acquiring an additional 407 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

Insider Buying and Selling at Chewy

In other news, CEO Sumit Singh sold 4,220 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $25.60, for a total value of $108,032.00. Following the sale, the chief executive officer owned 123,955 shares of the company’s stock, valued at approximately $3,173,248. This represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $26.91, for a total transaction of $219,289.59. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 95,675 shares of company stock worth $2,459,955. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

CHWY has been the subject of a number of research reports. Morgan Stanley lowered their target price on Chewy from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, June 11th. Mizuho decreased their price target on shares of Chewy from $50.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 3rd. Royal Bank Of Canada lowered their price objective on shares of Chewy from $47.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Chewy from $45.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, June 11th. Finally, Moffett Nathanson set a $28.00 target price on shares of Chewy in a report 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’s stock. Based on data from MarketBeat, Chewy currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.05.

Chewy Stock Performance

NYSE CHWY opened at $18.13 on Friday. The company has a market cap of $7.42 billion, a P/E ratio of 30.22, a P/E/G ratio of 0.96 and a beta of 1.44. The business’s 50 day moving average price is $22.08 and its 200-day moving average price is $26.43. Chewy has a fifty-two week low of $17.40 and a fifty-two week high of $43.84.

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

Chewy Company Profile

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.