ChewyCHWY
About: Chewy is the largest e-commerce petcare 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 Q3 regulatory filings by fund managers ($100M+ AUM)
35% more first-time investments, than exits
New positions opened: 84 | Existing positions closed: 62
33% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]
5% more funds holding
Funds holding: 373 [Q2] → 390 (+17) [Q3]
2% more capital invested
Capital invested by funds: $10.8B [Q2] → $11.1B (+$234M) [Q3]
9% less call options, than puts
Call options by funds: $398M | Put options by funds: $436M
6.75% less ownership
Funds ownership: 290.51% [Q2] → 283.76% (-6.75%) [Q3]
13% less repeat investments, than reductions
Existing positions increased: 112 | Existing positions reduced: 128
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Morgan Stanley Lauren Schenk 95% 1-year accuracy 20 / 21 met price target | 6%upside $40 | Overweight Maintained | 13 Jan 2025 |
Evercore ISI Group Mark Mahaney 89% 1-year accuracy 41 / 46 met price target | 25%upside $47 | Outperform Upgraded | 13 Jan 2025 |
Mizuho David Bellinger 49% 1-year accuracy 17 / 35 met price target | 11%upside $42 | Outperform Upgraded | 6 Jan 2025 |
JMP Securities Nicholas Jones 71% 1-year accuracy 57 / 80 met price target | 2%downside $37 | Market Outperform Reiterated | 16 Dec 2024 |
JP Morgan Doug Anmuth 90% 1-year accuracy 38 / 42 met price target | 1%upside $38 | Overweight Maintained | 5 Dec 2024 |
Financial journalist opinion
Based on 12 articles about CHWY published over the past 30 days
