129,789 Shares in Chewy $CHWY Purchased by Greenland Capital Management LP

Greenland Capital Management LP purchased a new stake in shares of Chewy (NYSE:CHWY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 129,789 shares of the company’s stock, valued at approximately $5,532,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC bought a new stake in shares of Chewy in the 1st quarter worth $44,000. Parkside Financial Bank & Trust boosted its position in shares of Chewy by 34.5% during the second quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock valued at $49,000 after buying an additional 298 shares during the last quarter. Hughes Financial Services LLC bought a new stake in Chewy in the 2nd quarter worth about $55,000. Parallel Advisors LLC raised its position in Chewy by 73.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,365 shares of the company’s stock worth $58,000 after buying an additional 577 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Chewy by 1,816.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the company’s stock valued at $64,000 after acquiring an additional 1,417 shares during the last quarter. 93.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CHWY. JMP Securities restated a “market outperform” rating and issued a $48.00 price target on shares of Chewy in a research note on Thursday, September 11th. Moffett Nathanson raised shares of Chewy from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Thursday, September 25th. Royal Bank Of Canada reduced their target price on shares of Chewy from $44.00 to $43.00 and set an “outperform” rating for the company in a report on Thursday, September 11th. JPMorgan Chase & Co. dropped their price target on shares of Chewy from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, September 11th. Finally, Wedbush restated an “outperform” rating and issued a $45.00 price objective on shares of Chewy in a research note on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Chewy presently has a consensus rating of “Moderate Buy” and an average target price of $45.84.

Chewy Price Performance

CHWY opened at $34.54 on Wednesday. The company has a 50 day simple moving average of $36.42 and a two-hundred day simple moving average of $39.16. The firm has a market cap of $14.33 billion, a P/E ratio of 98.69, a PEG ratio of 8.57 and a beta of 1.67. Chewy has a 1-year low of $29.83 and a 1-year high of $48.62.

Chewy (NYSE:CHWY) last issued its earnings results on Wednesday, September 10th. The company reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. Chewy had a net margin of 1.22% and a return on equity of 50.45%. Chewy’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 EPS. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. Equities analysts anticipate that Chewy will post 0.24 earnings per share for the current year.

Insiders Place Their Bets

In other Chewy news, CTO Satish Mehta sold 4,642 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $32.65, for a total transaction of $151,561.30. Following the completion of the transaction, the chief technology officer owned 229,702 shares of the company’s stock, valued at $7,499,770.30. This represents a 1.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sumit Singh sold 16,289 shares of Chewy stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $32.72, for a total value of $532,976.08. Following the completion of the sale, the chief executive officer directly owned 563,408 shares in the company, valued at $18,434,709.76. This trade represents a 2.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 27,629 shares of company stock worth $903,696 in the last three months. 0.43% of the stock is owned by company insiders.

Chewy Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications.