CHEWY, INC.
In the published model solve dated 2026-Q2, anchored at $23.66, CHEWY, INC. (CHWY) is priced for +43.4% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Seven dollars in every ten of revenue is consumables, mostly food and litter bought on a repeating schedule, which is why the company treats its subscription mix as ⟦"a key indicator of our recurring sales"⟧. • Operating profit is only 2.7% of revenue, so the promotional response the 10-K warns it may have to make would land on a very thin line indeed. • At $20.87 the price requires roughly 34.5% annual operating-profit growth sustained for five years, a pace only about 23% of comparable fast
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573 institutional managers reported holding CHWY in 13F filings for the quarter ended 2026-03-31. Together they hold about 94% of the company; the top 10 hold 65%. 110 opened new positions that quarter. Held by Vanguard Group, BlackRock, AQR Capital, among others. On the short side, 25.3M shares were sold short as of the 2026-06-15 count, about 6% of shares outstanding (2.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CHWY has cut its share count 0.7% over the past five years, spending $1.41B on repurchases. It pays no dividend. Cash returned over the past three years: $1.41B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at CHWY over the trailing three years: 2023: 2 buys totaling $550k. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CHWY's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-06-01 | +18.7% | -8.6% |
| 2023-08-31 | -12.1% | -16.4% |
| 2023-12-07 | +4.4% | -13.8% |
| 2024-03-21 | -4.6% | +2.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CHWY's latest 8-K filings: 2026-07-13 (items 5.07); 2026-06-24 (items 1.01, 2.03, 9.01); 2026-06-10 (items 2.02, 9.01); 2026-04-28 (items 7.01, 9.01); 2026-04-08 (items 8.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.