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 Q4 regulatory filings by fund managers ($100M+ AUM)
74% more first-time investments, than exits
New positions opened: 122 | Existing positions closed: 70
25% more funds holding in top 10
Funds holding in top 10: 4 [Q3] → 5 (+1) [Q4]
17% more capital invested
Capital invested by funds: $11.1B [Q3] → $12.9B (+$1.86B) [Q4]
16% more repeat investments, than reductions
Existing positions increased: 134 | Existing positions reduced: 116
10% more funds holding
Funds holding: 392 [Q3] → 433 (+41) [Q4]
2% more call options, than puts
Call options by funds: $437M | Put options by funds: $428M
47.47% less ownership
Funds ownership: 283.78% [Q3] → 236.31% (-47.47%) [Q4]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Morgan Stanley Lauren Schenk 91% 1-year accuracy 20 / 22 met price target | 14%upside $40 | Overweight Maintained | 13 Jan 2025 |
Evercore ISI Group Mark Mahaney 89% 1-year accuracy 41 / 46 met price target | 34%upside $47 | Outperform Upgraded | 13 Jan 2025 |
Mizuho David Bellinger 49% 1-year accuracy 17 / 35 met price target | 20%upside $42 | Outperform Upgraded | 6 Jan 2025 |
JMP Securities Nicholas Jones 75% 1-year accuracy 60 / 80 met price target | 5%upside $37 | Market Outperform Reiterated | 16 Dec 2024 |
JP Morgan Doug Anmuth 89% 1-year accuracy 39 / 44 met price target | 8%upside $38 | Overweight Maintained | 5 Dec 2024 |
Financial journalist opinion
Based on 14 articles about CHWY published over the past 30 days
