Wellington Management Group LLP Sells 574,504 Shares of Chewy $CHWY

Wellington Management Group LLP reduced its position in Chewy (NYSE:CHWY) by 80.4% in the second quarter, Holdings Channel.com reports. The firm owned 139,844 shares of the company’s stock after selling 574,504 shares during the quarter. Wellington Management Group LLP’s holdings in Chewy were worth $2,748,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Osterweis Capital Management Inc. purchased a new position in shares of Chewy during the 2nd quarter valued at about $30,000. Los Angeles Capital Management LLC purchased a new stake in Chewy in the fourth quarter worth approximately $31,000. Harbour Investments Inc. boosted its stake in Chewy by 81.4% in the fourth quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock worth $30,000 after buying an additional 407 shares in the last quarter. Modus Advisors LLC bought a new position in Chewy during the fourth quarter valued at approximately $34,000. Finally, EverSource Wealth Advisors LLC grew its position in Chewy by 412.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,091 shares of the company’s stock valued at $46,000 after acquiring an additional 878 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CHWY. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Chewy from $45.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, June 11th. Moffett Nathanson set a $28.00 target price on shares of Chewy in a report on Thursday, June 11th. Weiss Ratings upgraded shares of Chewy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Rosenblatt Securities lowered their price target on shares of Chewy from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, UBS Group restated a “neutral” rating on shares of Chewy in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Chewy has an average rating of “Moderate Buy” and an average price target of $31.05.

Key Headlines Impacting Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Chewy reported second-quarter revenue of $3.33 billion, up 7.3% year over year and slightly above estimates. Adjusted EPS of $0.36 was approximately in line with expectations, while net income rose to $80.5 million. Chewy Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised its fiscal 2026 revenue outlook to $13.5 billion-$13.6 billion, above the roughly $12.8 billion consensus estimate, and increased its profitability outlook. Third-quarter revenue guidance of $3.3 billion-$3.4 billion was near or slightly above expectations.
• Positive Sentiment: Autoship sales reached approximately $2.82 billion, or 84.6% of revenue, and active customers increased 3.8% to 21.7 million. Management also cited market-share gains, AI-related cost savings and potential benefits from veterinary-care expansion. CHWY Q2 Earnings Meet Estimates
• Positive Sentiment: Several analysts maintained Buy or Outperform ratings despite trimming targets, including TD Cowen at $32, Bank of America at $27 and Citizens JMP at $28.
• Neutral Sentiment: RBC said Chewy is gaining share and has long-term acquisition opportunities, but category dynamics and the lack of a broad pet-market recovery limit the near-term catalyst path. Chewy Gaining Market Share
• Neutral Sentiment: Price targets were mixed: Baird reduced its target to $28 while retaining Outperform, and Rosenblatt cut its target to $24 with a Neutral rating. Needham reaffirmed Hold.
• Negative Sentiment: The post-earnings selloff reflects disappointment that the quarter did not deliver a major upside surprise. Investors were particularly concerned about free cash flow, which missed expectations, and lower liquidity following acquisition-related spending and financing. Chewy Shares Drop Despite Earnings Beat
• Negative Sentiment: Consumers are prioritizing pet necessities over discretionary items such as treats, while gross margin remained flat at 30.4%. Evercore ISI downgraded the stock, citing slowing organic growth and limited reasons to outperform.
• Negative Sentiment: Chewy trades near the lower end of its 12-month range and below its 50-day and 200-day moving averages, suggesting technical momentum remains weak.

Chewy Stock Performance

Shares of CHWY stock opened at $21.11 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.35 and a current ratio of 0.84. Chewy has a fifty-two week low of $17.40 and a fifty-two week high of $40.55. The stock has a 50 day moving average price of $22.44 and a two-hundred day moving average price of $23.09. The company has a market capitalization of $8.64 billion, a P/E ratio of 31.99, a PEG ratio of 0.83 and a beta of 1.42.

Chewy (NYSE:CHWY) last released its quarterly earnings data on Wednesday, September 9th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.18. Chewy had a return on equity of 60.88% and a net margin of 2.09%.The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. Analysts expect that Chewy will post 0.8 earnings per share for the current year.

Insider Buying and Selling

In other Chewy news, General Counsel Da-Wai Hu sold 4,203 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $19.49, for a total transaction of $81,916.47. Following the completion of the sale, the general counsel owned 4,103 shares of the company’s stock, valued at $79,967.47. This represents a 50.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.34% of the stock is owned by corporate insiders.

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.