45,700 Shares in Chewy, Inc. (NYSE:CHWY) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in Chewy, Inc. (NYSE:CHWY - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 45,700 shares of the company's stock, valued at approximately $1,530,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vontobel Holding Ltd. boosted its stake in Chewy by 33.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 24,513 shares of the company's stock valued at $718,000 after purchasing an additional 6,172 shares during the period. Blue Trust Inc. boosted its position in shares of Chewy by 183.6% in the third quarter. Blue Trust Inc. now owns 1,398 shares of the company's stock valued at $38,000 after acquiring an additional 905 shares during the period. Castleview Partners LLC bought a new position in shares of Chewy during the third quarter worth approximately $76,000. International Assets Investment Management LLC acquired a new position in Chewy in the 3rd quarter valued at $12,140,000. Finally, CENTRAL TRUST Co lifted its position in shares of Chewy by 1,021.3% during the 3rd quarter. CENTRAL TRUST Co now owns 2,691 shares of the company's stock valued at $79,000 after acquiring an additional 2,451 shares during the period. Institutional investors own 93.09% of the company's stock.

Chewy Stock Performance

Shares of NYSE:CHWY traded down $0.55 during trading on Wednesday, reaching $37.51. The stock had a trading volume of 2,773,103 shares, compared to its average volume of 4,707,772. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $40.09. The firm's fifty day moving average is $36.20 and its 200 day moving average is $31.67. The stock has a market cap of $15.27 billion, a price-to-earnings ratio of 41.22, a P/E/G ratio of 2.26 and a beta of 1.10.

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

Insiders Place Their Bets

In related news, CFO David Reeder sold 307,558 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $37.48, for a total transaction of $11,527,273.84. Following the transaction, the chief financial officer now directly owns 546,257 shares of the company's stock, valued at approximately $20,473,712.36. This represents a 36.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sumit Singh sold 71,161 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $32.50, for a total value of $2,312,732.50. Following the completion of the transaction, the chief executive officer now owns 77,838 shares in the company, valued at approximately $2,529,735. The trade was a 47.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,561,427 shares of company stock worth $933,874,848. Corporate insiders own 2.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Morgan Stanley raised their price target on Chewy from $38.00 to $40.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. JPMorgan Chase & Co. upped their price target on shares of Chewy from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. BNP Paribas lowered shares of Chewy from an "outperform" rating to a "neutral" rating in a research report on Thursday, December 5th. Bank of America upgraded shares of Chewy from an "underperform" rating to a "buy" rating and boosted their price objective for the company from $24.00 to $40.00 in a research report on Wednesday, November 20th. Finally, Citigroup upgraded Chewy from a "neutral" rating to a "buy" rating and lifted their price target for the company from $28.00 to $40.00 in a research note on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $36.80.

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.