ChewyCHWY
Market Cap: $11B
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]
206.23% more ownership
Funds ownership: 76.8% [Q1] → 283.03% (+206.23%) [Q2]
18% more first-time investments, than exits
New positions opened: 92 | Existing positions closed: 78
4% more funds holding
Funds holding: 355 [Q1] → 369 (+14) [Q2]
7% more repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 103
6% more call options, than puts
Call options by funds: $722M | Put options by funds: $680M
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
Wedbush Seth Basham 57% 1-year accuracy 47 / 82 met price target | 34%upside $35 | Outperform Reiterated | 29 Aug 2024 |
JP Morgan Doug Anmuth 77% 1-year accuracy 30 / 39 met price target | 26%upside $33 | Overweight Maintained | 29 Aug 2024 |
Morgan Stanley Lauren Schenk 82% 1-year accuracy 9 / 11 met price target | 26%upside $33 | Overweight Maintained | 29 Aug 2024 |
RBC Capital Steven Shemesh 61% 1-year accuracy 27 / 44 met price target | 22%upside $32 | Outperform Maintained | 29 Aug 2024 |
Barclays Trevor Young 54% 1-year accuracy 13 / 24 met price target | 30%upside $34 | Overweight Maintained | 29 Aug 2024 |
Financial journalist opinion
Based on 55 articles about CHWY published over the past 30 days