Diamant Asset Management Inc. Has $9.55 Million Position in Chewy $CHWY

Diamant Asset Management Inc. grew its stake in Chewy (NYSE:CHWY) by 2,600.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 353,700 shares of the company’s stock after acquiring an additional 340,600 shares during the quarter. Diamant Asset Management Inc. owned 0.08% of Chewy worth $9,550,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CHWY. CoreCap Advisors LLC increased its stake in Chewy by 306.2% in the fourth quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after purchasing an additional 637 shares in the last quarter. Harbour Investments Inc. boosted its position in shares of Chewy by 81.4% during the fourth quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock worth $30,000 after purchasing an additional 407 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in shares of Chewy in the 2nd quarter valued at $30,000. Los Angeles Capital Management LLC bought a new stake in shares of Chewy in the 4th quarter valued at $31,000. Finally, Modus Advisors LLC acquired a new stake in Chewy during the 4th quarter worth $34,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Chewy Price Performance

CHWY opened at $18.53 on Friday. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 30.89, a P/E/G ratio of 0.93 and a beta of 1.44. The business’s 50-day moving average price is $21.91 and its two-hundred day moving average price is $26.38. Chewy has a 1 year low of $17.40 and a 1 year high of $43.63.

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

Insider Buying and Selling

In other news, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sumit Singh sold 83,306 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 874,061 shares in the company, valued at approximately $22,375,961.60. This represents a 8.70% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. In the last ninety days, insiders have sold 95,675 shares of company stock valued at $2,459,955. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CHWY. Wall Street Zen cut Chewy from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Deutsche Bank Aktiengesellschaft dropped their price target on Chewy from $45.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, June 11th. TD Cowen reiterated a “buy” rating on shares of Chewy in a research report on Tuesday. Bank of America lowered their target price on Chewy from $33.00 to $31.00 in a research note on Thursday, June 11th. Finally, Citigroup restated a “market outperform” rating on shares of Chewy in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $32.05.

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.