Greenland Capital Management LP Acquires Shares of 129,789 Chewy $CHWY

Greenland Capital Management LP acquired a new position in Chewy (NYSE:CHWY) in the second quarter, Holdings Channel reports. The institutional investor acquired 129,789 shares of the company’s stock, valued at approximately $5,532,000.

Other hedge funds have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new position in Chewy in the first quarter worth about $44,000. Parkside Financial Bank & Trust raised its holdings in Chewy by 34.5% during the 2nd 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 period. Hughes Financial Services LLC bought a new stake in Chewy in the second quarter worth $55,000. Parallel Advisors LLC boosted its stake in Chewy by 73.2% during the second 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 period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Chewy by 1,816.7% in the second 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 period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHWY has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Chewy from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Moffett Nathanson upgraded Chewy from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Thursday, September 25th. Seaport Res Ptn raised Chewy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 10th. Barclays reduced their target price on Chewy from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday, September 11th. Finally, Citigroup lowered their target price on shares of Chewy from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.84.

Insider Activity at Chewy

In other Chewy news, CTO Satish Mehta sold 4,642 shares of Chewy stock in a transaction that occurred on 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 sale, the chief technology officer directly owned 229,702 shares in the company, valued at approximately $7,499,770.30. The trade was a 1.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO William G. Billings sold 1,121 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $32.72, for a total transaction of $36,679.12. Following the completion of the sale, the chief accounting officer directly owned 31,045 shares in the company, valued at $1,015,792.40. This trade represents a 3.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 27,629 shares of company stock worth $903,696 over the last quarter. Insiders own 0.43% of the company’s stock.

Chewy Price Performance

Shares of CHWY stock opened at $34.54 on Wednesday. The stock’s 50-day moving average is $36.42 and its 200 day moving average is $39.16. Chewy has a 1-year low of $29.83 and a 1-year high of $48.62. The company 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 (NYSE:CHWY) last issued its earnings results on Wednesday, September 10th. The company reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. Chewy had a return on equity of 50.45% and a net margin of 1.22%.The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.24 EPS. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. On average, analysts anticipate that Chewy will post 0.24 EPS for the current year.

Chewy Company 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.