Picton Mahoney Asset Management Sells 169,037 Shares of Chewy $CHWY

Picton Mahoney Asset Management lowered its holdings in shares of Chewy (NYSE:CHWY) by 29.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 396,555 shares of the company’s stock after selling 169,037 shares during the period. Picton Mahoney Asset Management’s holdings in Chewy were worth $16,041,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quent Capital LLC bought a new position in shares of Chewy during the third quarter valued at approximately $27,000. Osterweis Capital Management Inc. bought a new position in Chewy during the 2nd quarter valued at approximately $30,000. Princeton Global Asset Management LLC purchased a new position in Chewy during the third quarter valued at $40,000. EverSource Wealth Advisors LLC raised its stake in Chewy by 412.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,091 shares of the company’s stock valued at $46,000 after buying an additional 878 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Chewy by 34.5% in the second quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock worth $49,000 after acquiring an additional 298 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CHWY. Wedbush set a $42.00 price target on Chewy and gave the company an “outperform” rating in a report on Wednesday, December 10th. Raymond James Financial raised shares of Chewy from a “market perform” rating to an “outperform” rating and set a $28.00 price objective on the stock in a research report on Thursday, February 19th. Barclays lifted their target price on shares of Chewy from $47.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. The Goldman Sachs Group upped their target price on shares of Chewy from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Finally, Mizuho reissued an “outperform” rating and set a $50.00 price target on shares of Chewy in a research report on Tuesday, November 4th. Seventeen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.25.

Chewy Stock Down 0.9%

Shares of NYSE CHWY opened at $26.83 on Wednesday. The firm’s 50-day moving average price is $29.61 and its 200-day moving average price is $34.05. Chewy has a 52-week low of $23.06 and a 52-week high of $48.62. The company has a market cap of $11.13 billion, a PE ratio of 55.90, a PEG ratio of 1.82 and a beta of 1.60.

Chewy (NYSE:CHWY) last released its quarterly earnings data on Wednesday, December 10th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. Chewy had a net margin of 1.64% and a return on equity of 56.78%. The firm had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the company earned $0.20 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. As a group, equities research analysts anticipate that Chewy will post 0.24 EPS for the current fiscal year.

Trending Headlines about Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: New CFO appointed from inside the company (adds continuity to finance leadership and may smooth execution of margin/cash‑flow plans). Chewy (CHWY) Appoints Internal Veteran Chris Deppe as New Chief Financial Officer
• Positive Sentiment: Autoship program is a core driver of margin and cash‑flow improvement, and management is targeting a meaningful adjusted EBITDA expansion — a structural path to higher profitability that supports valuation upside. Can Chewy Hit 10% EBITDA Margin? Autoship Holds the Key
• Neutral Sentiment: Analysts debate long‑term upside (some bullish scenarios point to strong recovery, but $100/share is viewed as a stretch given current dynamics). Is Chewy Stock Going to $100?
• Neutral Sentiment: Company will report fiscal Q4 and full‑year 2025 results on March 25 and host a conference call — an event that typically raises short‑term volatility as investors reset expectations. Chewy Announces Fiscal Fourth Quarter and Full Year 2025 Financial Results Conference Call
• Neutral Sentiment: Management presented at the Morgan Stanley TMT conference — useful for investor color but transcript alone unlikely to move the stock absent new guidance or surprises. Chewy, Inc. (CHWY) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
• Neutral Sentiment: Consumer product features (e.g., novelty cat condos and budget faux‑fur trees) underscore ongoing customer engagement and merchandising activity but are unlikely to move shares materially. Chewy Is Selling a Precious $41 Cat Condo Shaped Like a Unicorn and It’s So Unique Chewy Is Selling the Cutest Faux Fur Cat Tree for Just $25 and It Comes in 3 Colors
• Negative Sentiment: Valuation and demand risks remain: despite a low sales multiple and improving EBITDA, Q4 investments and softer near‑term demand could pressure results and investor patience. That concern helps explain selling pressure and higher trading volume. Is Chewy Stock a Hidden Value as EBITDA Expands?

Insider Buying and Selling at Chewy

In other news, CTO Satish Mehta sold 13,013 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $28.99, for a total value of $377,246.87. Following the transaction, the chief technology officer directly owned 273,835 shares in the company, valued at $7,938,476.65. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.43% of the stock is owned by insiders.

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.