CHWY stock icon

Chewy
CHWY

$26.82
2.68%

Market Cap: 11.7B

 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 28 analysts
0
News positive %
of 97 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

26% more repeat investments, than reductions

Existing positions increased: 112 | Existing positions reduced: 89

4% less call options, than puts

Call options by funds: $349M | Put options by funds: $362M

6% less funds holding

Funds holding: 369 [Q4 2023] → 348 (-21) [Q1 2024]

10.7% less ownership

Funds ownership: 84.84% [Q4 2023] → 74.14% (-10.7%) [Q1 2024]

21% less first-time investments, than exits

New positions opened: 77 | Existing positions closed: 98

33% less capital invested

Capital invested by funds: $2.41B [Q4 2023] → $1.61B (-$798M) [Q1 2024]

100% less funds holding in top 10

Funds holding in top 10: 3 [Q4 2023] → 0 (-3) [Q1 2024]

Research analyst outlook

28 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$16
40%
downside
Avg. target
$24
10%
downside
High target
$35
30%
upside

28 analyst ratings

18 positive
64%
neutral
32%
negative
4%
Guggenheim
Jonathan Elias
19%upside
$32
Buy
Maintained
28 Jun 2024
Wedbush
Seth Basham
31%upside
$35
Outperform
Maintained
27 Jun 2024
Mizuho
David Bellinger
25%downside
$20
Neutral
Maintained
10 Jun 2024
Evercore ISI Group
Mark Mahaney
18%downside
$22
In-Line
Maintained
31 May 2024
Deutsche Bank
Lee Horowitz
25%downside
$20
Hold
Maintained
30 May 2024

Financial journalist opinion

Based on 97 articles about CHWY published over the past 30 days