Delta Global Management LP Acquires New Holdings in Chewy $CHWY

Delta Global Management LP acquired a new stake in shares of Chewy (NYSE:CHWY) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 38,663 shares of the company’s stock, valued at approximately $1,278,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHWY. CoreCap Advisors LLC raised its position in Chewy by 306.3% during the fourth quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after acquiring an additional 637 shares in the last quarter. Harbour Investments Inc. raised its position in 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. Osterweis Capital Management Inc. bought a new position in Chewy during the second quarter valued at approximately $30,000. Los Angeles Capital Management LLC bought a new position in Chewy during the fourth quarter valued at approximately $31,000. Finally, Modus Advisors LLC bought a new position in Chewy during the fourth quarter valued at approximately $34,000. Institutional investors own 93.09% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Sumit Singh sold 83,306 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $25.60, for a total transaction of $2,132,633.60. Following the transaction, the chief executive officer owned 874,061 shares of the company’s stock, valued at approximately $22,375,961.60. The trade was a 8.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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 the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $26.91, for a total transaction of $219,289.59. The SEC filing for this sale provides additional information. Insiders have sold 95,675 shares of company stock worth $2,459,955 in the last ninety days. 0.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Chewy from $35.00 to $29.00 and set an “overweight” rating on the stock in a research report on Thursday, June 11th. Royal Bank Of Canada dropped their price target on shares of Chewy from $47.00 to $34.00 and set an “outperform” rating on the stock in a research report on Thursday, June 11th. Guggenheim reissued a “buy” rating and issued a $45.00 price target on shares of Chewy in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Chewy from $45.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, June 11th. Finally, Raymond James Financial reissued a “buy” rating on shares of Chewy in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $32.05.

Chewy Stock Down 2.4%

NYSE:CHWY opened at $18.88 on Wednesday. Chewy has a 12 month low of $18.22 and a 12 month high of $43.84. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 31.46, a P/E/G ratio of 0.97 and a beta of 1.44. The company’s 50 day moving average is $23.18 and its 200-day moving average is $27.21.

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

Chewy Profile

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.