Chewy $CHWY Stake Boosted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in shares of Chewy (NYSE:CHWY) by 298.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,080,197 shares of the company’s stock after purchasing an additional 1,557,943 shares during the quarter. Assenagon Asset Management S.A. owned about 0.50% of Chewy worth $68,751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in CHWY. Winslow Asset Management Inc. acquired a new stake in Chewy in the third quarter worth $6,171,000. Nordea Investment Management AB acquired a new position in shares of Chewy during the third quarter valued at $6,967,000. Federated Hermes Inc. boosted its holdings in shares of Chewy by 2,715.2% during the third quarter. Federated Hermes Inc. now owns 664,079 shares of the company’s stock valued at $26,862,000 after acquiring an additional 640,490 shares during the period. WINTON GROUP Ltd grew its position in shares of Chewy by 110.6% during the third quarter. WINTON GROUP Ltd now owns 239,800 shares of the company’s stock worth $9,700,000 after acquiring an additional 125,943 shares during the last quarter. Finally, CWM LLC grew its position in shares of Chewy by 8,785.0% during the third quarter. CWM LLC now owns 284,499 shares of the company’s stock worth $11,508,000 after acquiring an additional 281,297 shares during the last quarter. Institutional investors own 93.09% of the company’s stock.

Insider Activity at Chewy

In other Chewy news, CTO Satish Mehta sold 13,013 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $28.99, for a total transaction of $377,246.87. Following the sale, the chief technology officer directly owned 273,835 shares in the company, valued at approximately $7,938,476.65. The trade was a 4.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.43% of the company’s stock.

Chewy Stock Down 0.6%

CHWY stock opened at $23.45 on Wednesday. The company has a market capitalization of $9.73 billion, a P/E ratio of 48.85, a PEG ratio of 1.60 and a beta of 1.60. The company has a 50-day simple moving average of $27.30 and a 200 day simple moving average of $32.38. Chewy has a fifty-two week low of $22.74 and a fifty-two week high of $48.62.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CHWY. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research report on Thursday, December 11th. The Goldman Sachs Group upped their target price on shares of Chewy from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Weiss Ratings restated a “hold (c)” rating on shares of Chewy in a research note on Wednesday, January 21st. Wall Street Zen raised Chewy from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Finally, Raymond James Financial upgraded Chewy from a “market perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a research report on Thursday, February 19th. Seventeen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.55.

Key Chewy News

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: TD Cowen reaffirmed a Buy rating, citing steady top‑line growth, expanding margins and an attractive valuation that supports upside ahead of results. TD Cowen Reiterates Buy
• Positive Sentiment: Investor-media pieces and analysts argue valuation falls make CHWY look like a buying opportunity for longer‑term investors if fundamentals reaccelerate. Fool: Is It a Buy?
• Neutral Sentiment: Q4 previews highlight potential positives—Autoship subscription growth, digital experience upgrades and a push into pet healthcare—but caution that macro headwinds and promotional activity could limit margin and growth beats. Q4 Preview / Yahoo
• Neutral Sentiment: Market tools show mixed short‑term sentiment (Polymarket odds & earnings polls) ahead of the print — the quarter is being treated as a “prove it” moment. Polymarket Odds
• Neutral Sentiment: High‑profile commentators (e.g., Jim Cramer) call Chewy a solid business but note the stock has underperformed, a message that can both attract value seekers and keep others sidelined. Cramer Commentary
• Negative Sentiment: Shares hit a new 52‑week low as recent quarterly results and weak price action have eroded investor confidence. 52‑Week Low
• Negative Sentiment: Unusually large put-option buying and elevated trading volume indicate hedging or directional bearish bets that can amplify downward pressure around the earnings event.
• Negative Sentiment: Analyst/market write‑ups and valuation pieces note recent share‑price weakness and recommend reassessing valuation—signaling skepticism that could keep selling pressure if guidance disappoints. Reassessing Valuation

About Chewy

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.