OP Asset Management Ltd Buys New Position in Chewy $CHWY

OP Asset Management Ltd purchased a new stake in Chewy (NYSE:CHWY) in the first quarter, HoldingsChannel.com reports. The firm purchased 153,300 shares of the company’s stock, valued at approximately $4,139,000.

Other institutional investors have also added to or reduced their stakes in the company. CoreCap Advisors LLC grew its stake in shares of Chewy by 306.2% during the fourth quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock worth $28,000 after acquiring an additional 637 shares during the last quarter. Harbour Investments Inc. raised its position in shares of Chewy by 81.4% in the 4th quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock valued at $30,000 after purchasing an additional 407 shares during the last quarter. Osterweis Capital Management Inc. acquired a new stake in Chewy in the 2nd quarter worth approximately $30,000. Los Angeles Capital Management LLC acquired a new stake in Chewy in the 4th quarter worth approximately $31,000. Finally, Modus Advisors LLC purchased a new stake in Chewy during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CHWY. Jefferies Financial Group restated a “hold” rating and set a $23.00 price target on shares of Chewy in a research note on Thursday, June 11th. Zacks Research lowered shares of Chewy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. TD Cowen reissued a “buy” rating on shares of Chewy in a research report on Tuesday. Morgan Stanley reduced their target price on Chewy from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, June 11th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.05.

Insider Activity

In related news, CEO Sumit Singh sold 83,306 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $25.60, for a total transaction of $2,132,633.60. Following the sale, the chief executive officer directly owned 874,061 shares of the company’s stock, valued at $22,375,961.60. This trade represents a 8.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Da-Wai Hu sold 8,149 shares of Chewy stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total value of $219,289.59. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 95,675 shares of company stock valued at $2,459,955. Insiders own 0.34% of the company’s stock.

Chewy Price Performance

Shares of Chewy stock opened at $18.53 on Friday. The firm has a fifty day moving average price of $21.91 and a 200 day moving average price of $26.38. Chewy has a 1 year low of $17.40 and a 1 year high of $43.63. The stock has a market cap of $7.59 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 0.91 and a beta of 1.44.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, June 10th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.24 by $0.19. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.35 billion. Chewy had a net margin of 1.99% and a return on equity of 60.02%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 earnings per share. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. As a group, equities analysts expect that Chewy will post 0.8 EPS for the current year.

About Chewy

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.