Chewy $CHWY Shares Sold by Engineers Gate Manager LP

Engineers Gate Manager LP lessened its stake in shares of Chewy (NYSE:CHWY - Free Report) by 29.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 333,861 shares of the company's stock after selling 140,247 shares during the quarter. Engineers Gate Manager LP owned approximately 0.08% of Chewy worth $6,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in shares of Chewy by 295.9% during the third quarter. Wellington Management Group LLP now owns 17,622,768 shares of the company's stock worth $712,841,000 after buying an additional 13,171,325 shares in the last quarter. Viking Global Investors LP boosted its position in Chewy by 146.9% during the fourth quarter. Viking Global Investors LP now owns 13,536,645 shares of the company's stock worth $447,386,000 after acquiring an additional 8,052,955 shares during the last quarter. AQR Capital Management LLC grew its stake in Chewy by 120.2% in the 3rd quarter. AQR Capital Management LLC now owns 10,196,146 shares of the company's stock worth $407,948,000 after acquiring an additional 5,564,803 shares during the period. California State Teachers Retirement System grew its stake in Chewy by 1,828.1% in the 2nd quarter. California State Teachers Retirement System now owns 5,042,544 shares of the company's stock worth $99,086,000 after acquiring an additional 4,781,020 shares during the period. Finally, Norges Bank acquired a new position in Chewy in the 4th quarter valued at $154,647,000. Institutional investors and hedge funds own 93.09% of the company's stock.

Analyst Ratings Changes

CHWY has been the topic of several analyst reports. Barclays decreased their price objective on Chewy from $40.00 to $36.00 and set an "overweight" rating on the stock in a report on Thursday, June 11th. Raymond James Financial upped their target price on Chewy from $25.00 to $28.00 and gave the company an "outperform" rating in a research note on Friday, September 4th. Rosenblatt Securities reduced their target price on Chewy from $25.00 to $24.00 and set a "neutral" rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft reduced their target price on Chewy from $45.00 to $32.00 and set a "buy" rating on the stock in a research report on Thursday, June 11th. Finally, TD Cowen decreased their price target on Chewy from $34.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Chewy currently has a consensus rating of "Moderate Buy" and an average target price of $30.64.

Insiders Place Their Bets

In related news, General Counsel Da-Wai Hu sold 4,203 shares of Chewy stock in a transaction on Monday, June 29th. The stock was sold at an average price of $19.49, for a total value of $81,916.47. Following the transaction, the general counsel owned 4,103 shares in the company, valued at approximately $79,967.47. This trade represents a 50.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.34% of the company's stock.

Chewy Stock Performance

NYSE:CHWY opened at $20.33 on Friday. The company has a market cap of $8.32 billion, a P/E ratio of 30.81, a P/E/G ratio of 0.84 and a beta of 1.42. The firm's 50 day moving average is $22.43 and its two-hundred day moving average is $23.07. Chewy has a fifty-two week low of $17.40 and a fifty-two week high of $40.55. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.59.

Chewy (NYSE:CHWY - Get Free Report) last announced its quarterly earnings data on Wednesday, September 9th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.18. The company had revenue of $3.33 billion during the quarter, compared to analysts' expectations of $3.32 billion. Chewy had a net margin of 2.09% and a return on equity of 60.88%. The business's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 EPS. Analysts expect that Chewy will post 0.8 EPS for the current year.

More Chewy News

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Chewy reported second-quarter revenue of $3.33 billion, up approximately 7.3% year over year, while adjusted earnings of $0.36 per share exceeded the consensus estimate of $0.18. Management also raised its fiscal 2026 outlook. CHWY Q2 Earnings Meet Estimates, Sales Beat on Customer Growth
• Positive Sentiment: Autoship sales reached about $2.8 billion, supported by customer growth and stable demand for essential pet products. Cost discipline and AI-related efficiencies are also helping profitability. Chewy Q2 Earnings Call Highlights Stable Demand and Higher Outlook
• Positive Sentiment: Chewy’s Autoship subscription model and expansion into veterinary care, including its health-platform strategy, could create more recurring revenue and diversify the company beyond pet food and supplies. Chewy Is Building a Recurring Revenue Moat

Chewy Profile

Chewy, Inc is an e-commerce company focused on pet products and services. Through its website and mobile applications, the company sells pet food, treats, supplies, toys, bedding, medications, and other products for dogs, cats, fish, birds, reptiles, and small pets.

Chewy supports recurring purchases through its Autoship program and provides access to prescription and over-the-counter pet medications through Chewy Pharmacy. The company also offers pet health-related services, including veterinary consultations in certain markets, and sells products under a range of national and private-label brands.

Want to see what other hedge funds are holding CHWY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chewy (NYSE:CHWY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.