Chewy (CHWY)

• Market cap: $15.5B
• 1 day: 0.78%
• 5 days: 5.63%
• 1 month: 15.35%
• 3 months: -5.78%
• 6 months: 41.46%
• Year to date: 10.72%
• 1 year: 150.17%
• 5 years: -13.27%
• 10 years: 7.17%
• Sector: Consumer Discretionary
• Industry: Internet Retail

About: Chewy is the largest e-commerce petcare retailer in the US, generating $11.9 billion in fiscal 2024 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: 18,000

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

77% more first-time investments, than exits

New positions opened: 126 | Existing positions closed: 71

25% more funds holding in top 10

Funds holding in top 10: 4 [Q3] → 5 (+1) [Q4]

16% more capital invested

Capital invested by funds: $11.1B [Q3] → $12.8B (+$1.73B) [Q4]

13% more repeat investments, than reductions

Existing positions increased: 134 | Existing positions reduced: 119

13% more funds holding

Funds holding: 391 [Q3] → 440 (+49) [Q4]

2% more call options, than puts

Call options by funds: $439M | Put options by funds: $430M

47.97% less ownership

Funds ownership: 283.46% [Q3] → 235.48% (-47.97%) [Q4]

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $36 4% downside
• Avg. target: $41 8% upside
• High target: $45 20% upside

10 analyst ratings

• positive: 10 100%
• neutral: 0 0%
• negative: 0 0%

Morgan Stanley Lauren Schenk 91% 1-year accuracy 20 / 22 met price target	4% upside $39	Overweight Maintained	17 Apr 2025
JMP Securities Nicholas Jones 54% 1-year accuracy 45 / 84 met price target	4% upside $39	Market Outperform Maintained	14 Apr 2025
JP Morgan Doug Anmuth 69% 1-year accuracy 36 / 52 met price target	4% downside $36	Overweight Maintained	8 Apr 2025
Mizuho David Bellinger 40% 1-year accuracy 12 / 30 met price target	15% upside $43	Outperform Maintained	27 Mar 2025
Citigroup Steven Zaccone 39% 1-year accuracy 7 / 18 met price target	12% upside $42	Buy Maintained	27 Mar 2025