Strs Ohio Cuts Stake in Chewy $CHWY

Strs Ohio lessened its stake in shares of Chewy (NYSE:CHWY) by 77.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,093 shares of the company’s stock after selling 17,660 shares during the period. Strs Ohio’s holdings in Chewy were worth $206,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CHWY. Quent Capital LLC purchased a new stake in shares of Chewy during the 3rd quarter worth approximately $27,000. Osterweis Capital Management Inc. purchased a new stake in Chewy in the second quarter worth $30,000. Princeton Global Asset Management LLC bought a new stake in shares of Chewy in the third quarter valued at $40,000. EverSource Wealth Advisors LLC lifted its position in shares of Chewy by 412.2% during the 2nd 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 grew its stake in shares of Chewy by 34.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock worth $49,000 after acquiring an additional 298 shares during the period. Institutional investors own 93.09% of the company’s stock.

Insider Activity

In other news, CTO Satish Mehta sold 8,872 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $33.53, for a total transaction of $297,478.16. Following the transaction, the chief technology officer directly owned 229,702 shares of the company’s stock, valued at approximately $7,701,908.06. The trade was a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sumit Singh sold 40,789 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $33.73, for a total transaction of $1,375,812.97. Following the completion of the transaction, the chief executive officer directly owned 623,185 shares of the company’s stock, valued at approximately $21,020,030.05. The trade was a 6.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 56,356 shares of company stock valued at $1,899,113. Insiders own 0.43% of the company’s stock.

Chewy Price Performance

Shares of CHWY opened at $28.38 on Tuesday. The firm’s 50 day simple moving average is $32.77 and its 200 day simple moving average is $35.64. The company has a market capitalization of $11.78 billion, a P/E ratio of 59.11, a P/E/G ratio of 2.93 and a beta of 1.59. Chewy has a 1-year low of $28.34 and a 1-year high of $48.62.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, December 10th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Chewy had a return on equity of 56.78% and a net margin of 1.64%.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 prior year, the business earned $0.20 EPS. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. On average, equities analysts anticipate that Chewy will post 0.24 earnings per share for the current year.

Analysts Set New Price Targets

CHWY has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a report on Thursday, December 11th. Barclays boosted their target price on shares of Chewy from $47.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. Citigroup reaffirmed a “market outperform” rating on shares of Chewy in a report on Monday, November 24th. Piper Sandler reiterated an “overweight” rating and set a $48.00 price objective on shares of Chewy in a research note on Tuesday, December 2nd. Finally, Morgan Stanley raised their target price on Chewy from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Chewy presently has a consensus rating of “Moderate Buy” and an average target price of $47.21.

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.