ChewyCHWY
About: Chewy is the largest e-commerce pet care retailer in the US, generating $11.2 billion in 2023 sales across pet food, treats, hard goods, and pharmacy categories. The firm was founded in 2011, acquired by PetSmart in 2017, and tapped public markets as a stand-alone company in 2019 after spending a couple of years developing under the aegis of the pet superstore chain. The firm generates sales from pet food, treats, over-the-counter medications, medical prescription fulfillment, and hard goods, like crates, leashes, and bowls.
Employees: 18,100
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
533% more capital invested
Capital invested by funds: $1.67B [Q1] → $10.6B (+$8.89B) [Q2]
206.25% more ownership
Funds ownership: 76.8% [Q1] → 283.05% (+206.25%) [Q2]
23% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 77
5% more funds holding
Funds holding: 355 [Q1] → 373 (+18) [Q2]
6% more call options, than puts
Call options by funds: $722M | Put options by funds: $680M
6% more repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 104
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
TD Cowen Bill Kerr 100% 1-year accuracy 1 / 1 met price target | 36%upside $38 | Buy Initiated | 9 Oct 2024 |
Piper Sandler Peter Keith 62% 1-year accuracy 13 / 21 met price target | 25%upside $35 | Overweight Reiterated | 20 Sept 2024 |
Wedbush Seth Basham 67% 1-year accuracy 36 / 54 met price target | 25%upside $35 | Outperform Reiterated | 29 Aug 2024 |
JP Morgan Doug Anmuth 77% 1-year accuracy 27 / 35 met price target | 18%upside $33 | Overweight Maintained | 29 Aug 2024 |
Morgan Stanley Lauren Schenk 91% 1-year accuracy 10 / 11 met price target | 18%upside $33 | Overweight Maintained | 29 Aug 2024 |
Financial journalist opinion
Based on 23 articles about CHWY published over the past 30 days
