Chewy, Inc. (NYSE:CHWY) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 60.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,063 shares of the company's stock after selling 24,155 shares during the period. Teacher Retirement System of Texas' holdings in Chewy were worth $538,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Fifth Third Bancorp increased its stake in shares of Chewy by 83.0% in the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company's stock worth $33,000 after acquiring an additional 444 shares during the last quarter. Blue Trust Inc. boosted its stake in Chewy by 22.9% during the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock worth $58,000 after buying an additional 320 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Chewy in the 3rd quarter valued at approximately $63,000. Allworth Financial LP increased its position in shares of Chewy by 52.0% during the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company's stock worth $71,000 after purchasing an additional 650 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Chewy in the 4th quarter worth approximately $86,000. Institutional investors and hedge funds own 93.09% of the company's stock.

Chewy Price Performance

NYSE:CHWY traded down $0.39 during trading hours on Thursday, hitting $33.61. 8,010,705 shares of the company were exchanged, compared to its average volume of 7,527,457. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $40.09. The stock has a market capitalization of $13.68 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 2.21 and a beta of 1.23. The company's 50 day moving average price is $35.68 and its 200-day moving average price is $33.26.

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Chewy (NYSE:CHWY - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.25. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.20 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The firm's revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. On average, equities analysts predict that Chewy, Inc. will post 0.24 earnings per share for the current year.

Insider Buying and Selling at Chewy

In other news, CTO Satish Mehta sold 71,365 shares of Chewy stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $35.60, for a total value of $2,540,594.00. Following the transaction, the chief technology officer now directly owns 262,853 shares of the company's stock, valued at $9,357,566.80. The trade was a 21.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Sumit Singh sold 4,000 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $37.52, for a total value of $150,080.00. Following the completion of the sale, the chief executive officer now owns 518,581 shares of the company's stock, valued at approximately $19,457,159.12. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,083,269 shares of company stock valued at $290,611,129. Insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CHWY shares. Morgan Stanley boosted their price objective on Chewy from $38.00 to $40.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Wolfe Research raised Chewy from a "peer perform" rating to an "outperform" rating in a research note on Friday, January 3rd. Seaport Res Ptn upgraded shares of Chewy to a "hold" rating in a report on Monday, March 24th. JPMorgan Chase & Co. upped their price target on Chewy from $38.00 to $40.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Finally, Evercore ISI upgraded shares of Chewy from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $34.00 to $47.00 in a research note on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, Chewy currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.68.

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.