Baillie Gifford & Co. Trims Position in Chewy $CHWY

Baillie Gifford & Co. decreased its stake in shares of Chewy (NYSE:CHWY) by 3.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,517,323 shares of the company’s stock after selling 179,667 shares during the quarter. Baillie Gifford & Co. owned approximately 1.33% of Chewy worth $223,176,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Teacher Retirement System of Texas raised its stake in shares of Chewy by 12.6% during the third quarter. Teacher Retirement System of Texas now owns 43,437 shares of the company’s stock valued at $1,757,000 after acquiring an additional 4,864 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Chewy by 14.5% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 72,873 shares of the company’s stock worth $2,948,000 after purchasing an additional 9,227 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new position in Chewy during the 3rd quarter worth $655,000. Allegiance Financial Group Advisory Services LLC bought a new stake in Chewy during the 3rd quarter valued at $258,000. Finally, Jackson Thornton Wealth Management LLC purchased a new stake in shares of Chewy in the 3rd quarter worth $561,000. 93.09% of the stock is currently owned by institutional investors.

Chewy Stock Down 2.5%

Shares of CHWY opened at $31.68 on Friday. The company has a 50 day moving average of $33.19 and a two-hundred day moving average of $36.03. The company has a market cap of $13.15 billion, a price-to-earnings ratio of 65.99, a price-to-earnings-growth ratio of 3.27 and a beta of 1.56. Chewy has a twelve month low of $29.83 and a twelve month high of $48.62.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, December 10th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Chewy had a return on equity of 56.78% and a net margin of 1.64%.The firm had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the firm earned $0.20 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. On average, sell-side analysts expect that Chewy will post 0.24 EPS for the current year.

Insiders Place Their Bets

In other Chewy news, CTO Satish Mehta sold 8,872 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $33.53, for a total value of $297,478.16. Following the completion of the transaction, the chief technology officer owned 229,702 shares of the company’s stock, valued at approximately $7,701,908.06. This trade represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sumit Singh sold 40,789 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $33.73, for a total value of $1,375,812.97. Following the completion of the transaction, the chief executive officer directly owned 623,185 shares in the company, valued at approximately $21,020,030.05. The trade was a 6.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 83,985 shares of company stock valued at $2,802,809. Insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CHWY shares. The Goldman Sachs Group raised their price target on Chewy from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Needham & Company LLC reissued a “hold” rating on shares of Chewy in a research report on Thursday, December 11th. Morgan Stanley boosted their price target on shares of Chewy from $48.00 to $51.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. TD Cowen reiterated a “buy” rating on shares of Chewy in a research note on Thursday, December 4th. Finally, UBS Group set a $51.00 price objective on shares of Chewy in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $47.21.

Chewy Company Profile

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.