Engineers Gate Manager LP Cuts Stock Position in Chewy $CHWY

Engineers Gate Manager LP lessened its stake in shares of Chewy (NYSE:CHWY) by 29.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 333,861 shares of the company’s stock after selling 140,247 shares during the quarter. Engineers Gate Manager LP’s holdings in Chewy were worth $6,560,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CHWY. National Bank of Canada FI increased its stake in Chewy by 12.5% during the 3rd quarter. National Bank of Canada FI now owns 2,910 shares of the company’s stock worth $118,000 after buying an additional 324 shares during the period. Dynasty Wealth Management LLC boosted its position in Chewy by 6.6% in the 4th quarter. Dynasty Wealth Management LLC now owns 6,321 shares of the company’s stock valued at $209,000 after buying an additional 394 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of Chewy by 81.4% during the fourth quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock valued at $30,000 after acquiring an additional 407 shares in the last quarter. Utah Retirement Systems grew its stake in shares of Chewy by 4.4% during the fourth quarter. Utah Retirement Systems now owns 11,586 shares of the company’s stock valued at $383,000 after acquiring an additional 485 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its stake in shares of Chewy by 3.6% during the fourth quarter. Rafferty Asset Management LLC now owns 14,108 shares of the company’s stock valued at $466,000 after acquiring an additional 489 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Key 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

Insider Buying and Selling

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

Wall Street Analyst Weigh In

CHWY has been the topic of several recent analyst reports. TD Cowen cut 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. Mizuho lowered their price objective on Chewy from $40.00 to $32.00 and set an “outperform” rating for the company in a research note on Friday, September 4th. Wolfe Research restated an “outperform” rating and set a $27.00 price objective on shares of Chewy in a report on Thursday, June 11th. JPMorgan Chase & Co. restated a “neutral” rating and set a $24.00 price objective (down from $29.00) on shares of Chewy in a report on Friday. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Chewy in a research report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $30.64.

Chewy Price Performance

CHWY opened at $20.33 on Friday. The company has a market capitalization of $8.32 billion, a P/E ratio of 30.81, a PEG ratio of 0.84 and a beta of 1.42. The company has a 50-day moving average of $22.43 and a 200-day moving average of $23.07. 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 1-year low of $17.40 and a 1-year high of $40.55.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.18 by $0.18. The business had revenue of $3.33 billion for 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 company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 earnings per share. Equities analysts expect that Chewy will post 0.8 EPS for the current fiscal year.

Chewy Company 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.