33,500 Shares in Chewy, Inc. (NYSE:CHWY) Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund acquired a new position in shares of Chewy, Inc. (NYSE:CHWY - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 33,500 shares of the company's stock, valued at approximately $1,122,000.

A number of other institutional investors also recently added to or reduced their stakes in CHWY. Los Angeles Capital Management LLC purchased a new stake in shares of Chewy during the fourth quarter worth about $1,202,000. Amalgamated Bank purchased a new stake in Chewy during the 4th quarter worth approximately $2,343,000. Bank of New York Mellon Corp grew its holdings in shares of Chewy by 9.8% during the fourth quarter. Bank of New York Mellon Corp now owns 4,489,237 shares of the company's stock valued at $150,345,000 after buying an additional 399,330 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Chewy in the 4th quarter valued at $86,000. Finally, Wealthspire Advisors LLC purchased a new position in Chewy in the 4th quarter worth $209,000. Institutional investors own 93.09% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on CHWY shares. Citigroup upgraded Chewy from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $28.00 to $40.00 in a research note on Friday, November 8th. Argus raised shares of Chewy from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Barclays raised their target price on shares of Chewy from $34.00 to $40.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Royal Bank of Canada upped their price target on shares of Chewy from $39.00 to $42.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Finally, Guggenheim set a $42.00 price objective on Chewy and gave the company a "buy" rating in a report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $37.30.

Chewy Stock Performance

Shares of NYSE CHWY traded down $0.66 during trading on Monday, hitting $36.61. 1,776,989 shares of the company were exchanged, compared to its average volume of 4,600,840. The company has a fifty day moving average price of $36.71 and a 200-day moving average price of $32.37. The firm has a market capitalization of $14.91 billion, a PE ratio of 40.23, a P/E/G ratio of 2.21 and a beta of 1.10. Chewy, Inc. has a 12-month low of $14.69 and a 12-month high of $40.09.

Chewy (NYSE:CHWY - Get Free Report) last posted its earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.15. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. Chewy's revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) EPS. Research analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of Chewy stock in a transaction on Friday, December 13th. The stock was sold at an average price of $31.32, for a total value of $620,989,219.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sumit Singh sold 71,161 shares of the business's stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $32.50, for a total value of $2,312,732.50. Following the completion of the sale, the chief executive officer now owns 77,838 shares in the company, valued at $2,529,735. This represents a 47.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,553,371 shares of company stock valued at $933,605,214 in the last quarter. Insiders own 2.10% of the company's stock.

Chewy Profile

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.