Teachers Retirement System of The State of Kentucky Acquires 53,580 Shares of Chewy, Inc. (NYSE:CHWY)

Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 28.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 240,087 shares of the company's stock after purchasing an additional 53,580 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.06% of Chewy worth $8,040,000 at the end of the most recent reporting period.

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

Insider Activity

In other Chewy news, CTO Satish Mehta sold 83,639 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $40.00, for a total transaction of $3,345,560.00. Following the transaction, the chief technology officer now owns 334,218 shares in the company, valued at $13,368,720. This represents a 20.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sumit Singh sold 9,285 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $40.00, for a total value of $371,400.00. Following the completion of the sale, the chief executive officer now owns 489,750 shares of the company's stock, valued at approximately $19,590,000. This trade represents a 1.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 551,303 shares of company stock valued at $20,752,583. 2.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Needham & Company LLC reiterated a "hold" rating on shares of Chewy in a report on Thursday, March 27th. JPMorgan Chase & Co. lowered their price target on shares of Chewy from $40.00 to $36.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Argus upgraded shares of Chewy from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Wolfe Research raised shares of Chewy from a "peer perform" rating to an "outperform" rating in a report on Friday, January 3rd. Finally, Citigroup raised their price target on Chewy from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, Chewy has a consensus rating of "Moderate Buy" and an average target price of $38.47.

Chewy Trading Down 3.6 %

CHWY opened at $33.97 on Tuesday. The stock's fifty day simple moving average is $34.17 and its 200 day simple moving average is $33.61. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $40.09. The stock has a market cap of $14.05 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 2.21 and a beta of 1.68.

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

Chewy Company 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.

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