New York State Teachers Retirement System Acquires 14,598 Shares of Chewy $CHWY

New York State Teachers Retirement System increased its holdings in shares of Chewy (NYSE:CHWY) by 11.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 143,674 shares of the company’s stock after purchasing an additional 14,598 shares during the period. New York State Teachers Retirement System’s holdings in Chewy were worth $6,123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHWY. Farther Finance Advisors LLC boosted its stake in shares of Chewy by 38.9% during the first quarter. Farther Finance Advisors LLC now owns 2,809 shares of the company’s stock valued at $94,000 after purchasing an additional 787 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Chewy by 327.7% during the first quarter. GAMMA Investing LLC now owns 2,964 shares of the company’s stock valued at $96,000 after purchasing an additional 2,271 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Chewy by 43.4% during the first quarter. Janney Montgomery Scott LLC now owns 54,154 shares of the company’s stock valued at $1,761,000 after purchasing an additional 16,399 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Chewy by 12.4% during the first quarter. State of Alaska Department of Revenue now owns 19,420 shares of the company’s stock valued at $631,000 after purchasing an additional 2,145 shares in the last quarter. Finally, Brendel Financial Advisors LLC bought a new position in shares of Chewy during the first quarter valued at approximately $1,830,000. 93.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CHWY shares. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research note on Thursday, September 11th. 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. JPMorgan Chase & Co. lowered their target price on shares of Chewy from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, September 11th. Citizens Jmp upgraded shares of Chewy to a “strong-buy” rating in a research note on Thursday, July 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Chewy in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $45.84.

Insiders Place Their Bets

In other Chewy news, CTO Satish Mehta sold 8,727 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $35.82, for a total value of $312,601.14. Following the completion of the transaction, the chief technology officer owned 276,467 shares of the company’s stock, valued at approximately $9,903,047.94. This trade represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sumit Singh sold 29,557 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $35.57, for a total transaction of $1,051,342.49. Following the completion of the transaction, the chief executive officer directly owned 540,406 shares of the company’s stock, valued at approximately $19,222,241.42. This represents a 5.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,657 shares of company stock valued at $2,444,311. Insiders own 0.43% of the company’s stock.

Chewy Stock Down 1.6%

Shares of CHWY opened at $37.50 on Monday. The company has a market cap of $15.56 billion, a price-to-earnings ratio of 107.14, a price-to-earnings-growth ratio of 9.32 and a beta of 1.62. Chewy has a twelve month low of $26.28 and a twelve month high of $48.62. The company has a 50 day moving average of $39.02 and a two-hundred day moving average of $39.17.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, September 10th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Chewy had a return on equity of 50.45% and a net margin of 1.22%.The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior 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, sell-side analysts expect that Chewy will post 0.24 EPS for the current year.

About Chewy

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.